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
Octa trading broker
Open trading account
Trading news
Back
28 Jan 2025

CAD outperforms among G10 currencies – Scotiabank

It’s swings and roundabouts for the Canadian Dollar (CAD) at present as markets weigh the risk of tariffs and react to each and every headline that drops on the matter, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

CAD is trading softer on the day

“The CAD has slipped on the session but is actually the most resilient of the G10 currencies against the USD. Spot is deviating a bit more significantly from our fair value estimate (1.4238) again but more pivoting around 1.44 seems likely for now as investors await the Bank of Canada and Fed policy meeting decisions tomorrow.”

“A 1/4 point cut from the Bank is widely expected and factored in while the Fed is expected to sit on its hands. Both central banks may signal that rate settings will remain on hold for now as policymakers monitor developments. That will sustain US/Canada spreads at onerous levels for the CAD for some, preventing a significant recovery regardless of the tariff situation.”

“The CAD is a little weaker today but the CAD bullish technical developments noted previously—the USD-bearish weekly close through late Friday, the break under trend support (now resistance at 1.4445) and the broadening top developing on the daily chart—remain intact. Support is 1.4350/55. Look for more range trading for now.”

Jan 28, 2025

Riksbank to weigh on the SEK vs. the EUR in the near-term – Rabobank

The Bloomberg survey indicates that all but two forecasters are expecting a 25-bps rate cut from the Riksbank at the January 29 policy meeting, Rabobank’s FX analyst Jane Foley notes.  
Read more Previous
Jan 28, 2025

EUR slips back on tariff risk – Scotiabank

EUR/USD slumped right out of the gate in response to renewed tariff risks, leaving spot trading in a tight range in the low 1.04 area through much of Asian and European trade, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Read more Next