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

Mit der Abgabe dieser Erklärung erkläre und bestätige ich ausdrücklich, dass:
  • Ich kein Bürger oder Einwohner der USA bin
  • Ich bin nicht auf den Philippinen wohnhaft
  • Ich weder direkt noch indirekt mehr als 10 % der Anteile/Stimmrechte/Beteiligungen der in USA ansässigen Personen besitze und/oder keine US-Bürger oder in den USA ansässigen Personen auf andere Weise kontrolliere
  • Ich mich nicht im direkten oder indirekten Besitz von mehr als 10 % der Aktien/Stimmrechte/Beteiligungen und/oder unter der Kontrolle eines US-Bürgers bzw. einer anderweitig in den USA ansässigen Person befinde.
  • Ich nicht mit US-Bürgern oder Personen mit Wohnsitz in den USA im Sinne von Abschnitt 1504 (a) des FATCA in Verbindung stehe bin
  • Ich bin mir meiner Haftung für die Abgabe einer falschen Erklärung bewusst.
Für die Zwecke dieser Erklärung werden alle von den USA abhängigen Länder und Territorien mit dem Hauptterritorium der USA gleichgesetzt. Ich verpflichte mich, Octa Markets Incorporated sowie seine Direktoren und leitenden Angestellten gegen alle Ansprüche zu verteidigen und schadlos zu halten, die sich aus einer Verletzung meiner vorliegenden Erklärung ergeben oder damit zusammenhängen.
Wir legen großen Wert auf Ihre Privatsphäre und die Sicherheit Ihrer persönlichen Daten. Wir erfassen Ihre E-Mail-Adresse nur, um Ihnen Sonderangebote und wichtige Informationen über unsere Produkte und Dienstleistungen zukommen zu lassen. Indem Sie Ihre E-Mail-Adresse angeben, erklären Sie sich damit einverstanden, solche E-Mails von uns zu erhalten. Wenn Sie den Newsletter abbestellen möchten oder Fragen bzw. Bedenken haben, wenden Sie sich bitte an unseren Kundensupport.
Octa trading broker
Konto eröffnen
Back

AUD/USD advances sharply towards 0.7020s on a risk-on mood, ahead of Aussie Wage Price Index

  • Improvement in market sentiment benefits the Australian dollar.
  • Despite better than expected US economic data, the greenback remains trading softer.
  • Fed’s Bullard: The US central bank base case is 50-bps increases at upcoming meetings.
  • AUD/USD Price Forecast: Remains downward biased, despite the 200-pip rally from YTD lows at around 0.6820s.

The Australian dollar marches forward but faces solid resistance around the 0.7040-50 area and retreats towards the 0.7010s, amidst a positive market sentiment session that weighed on the greenback, which remains soft on Tuesday, despite higher US Treasury yields. At the time of writing, the AUD/USD is trading at 0.7022.

Sentiment improves as China begins to control Shanghai Covid-19 crisis

Global equities remain on the right foot, trading in the green, while in the FX space, risk-sensitive currencies rise, while safe-haven peers are getting smashed by the improvement in the market sentiment, courtesy of progress in the Covid-19 crisis in China. That benefits the Aussie dollar, which remains buoyant in the session, as the Reserve Bank of Australia (RBA) last meeting minutes showed that the board discussed a 40-bps increase in its meeting, and at the same time, members agreed that further hikes would likely be required to ensure that inflation returns to its target.

Following the minutes, the AUD/USD jumped near the 0.7000 mark, but traders lifted the major until the European session, at the mid-point, between the R1 and R2 daily pivots, lying at 0.7010 and 0.7050, respectively.

US Retail Sales and Industrial Production came positive, as Fed speakers cross wires

Data-wise, the US docket featured Retail Sales for April, which came at 0.9% m/m, in line with estimations. However, the annual base reading rose by 8.2%, crushing the 4.2% expectations, illustrating the resilience of consumers in the US. Moreover, Industrial Production also printed positive numbers, beating monthly and yearly forecasts, further cementing the case of the Federal Reserve tightening monetary policy at the pace that began a couple of weeks ago.

Elsewhere, Fed speakers would dominate the headlines throughout the day. St. Louis Fed President James Bullard said that the continued strong growth trend for the US economy is the base case outlook for the next 18 months and added that household consumption is expected to hold up well through this year. He emphasized that the base case scenario for the Fed is 50-bps rate hikes at upcoming Fed meetings.

Later in the day, Minnesota Fed President Neik Kashkari said that the Fed has indicated it will get rates to at least neutral by the end of 2022. He added that the Fed needs to bring inflation down to its 2% target before a wage-price spiral takes off and stated that he does not know if Fed’s actions would trigger a recession.

In the week ahead, the Australian docket would feature the Wage Price Index on its quarterly and annual readings, expected at 0.8% and 2.5%, respectively. Meanwhile, the US docker would feature Building Permits and additional Fed speaking, led by Philadelphia Fed President Patrick Harker.

AUD/USD Price Forecast: Technical outlook

The AUD/USD remains downward pressured, despite rallying from 0.6828 to 0.7040. As of writing, the Relative Strenght Index (RSI) is at 42.50, aiming higher, but remains in negative territory. Based on Tuesday’s price action, unless AUD/USD bulls lift prices above 0.7051, the major would be vulnerable to additional selling pressure.

If AUD/USD bulls achieve the above-mentioned, the pair’s first resistance would be 0.71000, followed by  March 15 daily low-turned-resistance at 0.7165 and then 0.7200. However, if that scenario does not play out, the major’s first support would be 0.7000, followed by the January 28 daily low at 0.6967 and the YTD low at 0.6828.

 

EUR/USD bulls take on the 78.6% Fibo ratio ahead of Powell

At 1.0548, the euro is higher vs. the US dollar by some 1.13% at the time of writing after rallying on broard risk-on from 1.0428 to a high of 1.0555.
Mehr darüber lesen Previous

Watch live, Fed's Chair Powell WSJ questions, US dollar to find support on hawkish rehtoric?

Developing story The US dollar is crumbling, this week as investors survey the landscape of the global economy, not just in the US. The greenback has
Mehr darüber lesen Next