Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Trading news
Back
11 Feb 2022

AUD/USD Price Analysis: Committed and late bulls were knocked down to size, eyes on RBA Lowe, 0.7200/0.7150

  • AUD/USD bulls have been thrown back by the bears as the US dollar firms.
  • The price of AUD/USD is now in a phase of consolidation.
  • RBA Lowe is speaking at the top of the hour.

governor Philip Lowe is speaking at the top of the hour which could be some further volatility into the pair in what has already been a turbulent time for the Aussie. Lowe is appearing before the House of Representatives Committee on Economics which could give some insight into the path of rate hikes to come from the central bank. 

AUD/USD H1 chart

0.7200 and 0.7150 are key levels for the rest of the week. 

Meanwhile, as per the pre-US inflation data analysis from the prior session, AUD/USD Price Analysis: Bulls eye a break of 0.72 the figure, the price has followed suit, initially testing the 0.72 figure before crashing back into the bear's layer again, as follows:

AUD/USD prior analysis

The price broke the critical resistance area as follows:

However, the W-formation was always going to be problematic for the bulls as explained in the prior analysis. The price has subsequently fallen back into the old highs where it would be expected to consolidate as traders muddle through the various implications of sky-high inflation on a macro scale.

Bar any fundamental shock, such as an emergency rate hike from the Federal Reserve or some coordinated agreement between global central banks, the greenback would still be expected to remain underpinned. With that being said, the commodity currencies could fare well against the higher inflationary backdrop.  

Feb 10, 2022

NZD/JPY Price Analysis: Uptrend capped at the 200-DMA retreats to 77.30 as bulls take a breather

The NZD/JPY retreats from weekly tops after inflation in the United States reaches 7.5%, a level last seen in August 1982, causing a sell-off in the U
Read more Previous
Feb 11, 2022

EUR/USD Price Analysis: Stays directed to 1.1500 despite recent pullback

EUR/USD braces for a fresh upside, despite stepping back from a fresh yearly high to 1.1430 during early Friday morning in Asia. The major currency pa
Read more Next