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

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Batal Sahkan
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Sahkan
Berita dagangan
Back
21 Dec 2023

AUD/USD rises high amid USD weakening post GDP revisions

  • The AUD/USD rallied towards the 0.6775 level, marking a 0.70% upward surge.
  • The US Q3 GDP growth revised down to 4.9% from 5.2%, indicating slower economic expansion than expected.
  • The US 5-year and 10-year treasury rates hit multi-month lows, adding pressure to the US Dollar.

The Australian Dollar (AUD) enjoyed an upward rally against the US Dollar (USD) in Thursday's trading session, stimulated by the revision of the Q3 Gross Domestic Product (GDP) numbers that worked to soften the Greenback. Other medium-tier economic reports, including Jobless Claims and Philly's Federal Reserve (Fed) Manufacturing Survey, added to the upside.

In that sense, the final estimate by the US Bureau of Economic Analysis (BEA) revealed a 4.9% annual increase in the US real GDP for Q3, which fell short of the projected market expectation of 5.2%. Other data showed that, in December, the Philly Fed Manufacturing sector survey recorded a significant decline, falling to -10.5, while the US Department of Labor's initial Jobless Claims report for the week ending December 16 revealed an increase in claims to 215K, compared to the previous week's 202K. Despite the rise, the figure was lower than the expected 215K.

Zooming out, the US dollar is under downward pressure due to increased speculations of Federal Reserve easing. The intensifying expectations are a response to the fallout from the recent Fed's dovish stance in its last meeting from 2023 last Wednesday, which weakened the US dollar despite its officials' latest attempts for damage control in the last sessions. To add to that, incoming data that favors the dovish stance and the case for sooner rate cuts may pave the way for further upside for the AUD/USD. For Friday, investors will eye November's Personal Consumption Expenditures (PCE) figures from the US, a metric closely monitored by the Fed to gauge inflation.

In the meantime, US bond yields hit multi-month lows earlier in the session but seem to be recovering. The 2-year rate sits at 4.34%, and the 5 and 10-year yields are both at 3.86%, making the USD lose interest.

AUD/USD levels to watch

The daily chart suggests that the pair has a bullish inclination. This is primarily driven by the Relative Strength Index (RSI) showcasing a positive slope and maintaining its presence in the positive territory. This is indicative of the underlying strength in buying momentum. Further evidence of this bullish bias is mirrored by the Moving Average Convergence Divergence (MACD), which lays out rising green bars.

Siding with the bullish momentum, the pair steadily cruises above the 20,100,200-day Simple Moving Averages (SMAs). This not only attests to the grip that buyers have on the market but also reflects their unwavering control on a broader scale.


Support Levels: 0.6730, 0.6700, 0.6680.
Resistance Levels: 0.6800, 0.6830, 0.6850.


AUD/USD daily chart

 

 

Dec 21, 2023

Gold Price Forecast: Friendlier Fed and falling Dollar strength to remove hurdles from XAU/USD’s upside – MUFG

Gold is MUFG Bank’s most bullish call and is to hit record levels in 2024.
Baca lagi Previous
Dec 21, 2023

Conflicts will continue to dominate geopolitics in 2024 – Standard Chartered

The incidence of violent conflict has been multiplying globally.
Baca lagi Next