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
13 May 2025

CAD trading defensively as wider yield spreads remain a drag – Scotiabank

The Canadian Dollar (CAD) is entering Tuesday’s NA session with a marginal decline vs. the US Dollar (USD) as it continues to trade defensively in the aftermath of Monday’s broad-based USD rally, Scotiabank's Chief FX Strategist Shaun Osborne notes.

USD/CAD appears well supported

"The shift in the outlook for central bank policy has been a drag for the CAD, as markets have faded a good portion of their expectations for near-term Fed cuts while maintaining a decent amount of easing from the BoC. The widening of the 2Y US-Canada yield spread appears to have taken a pause however it will likely see a reaction to the 8:30am ET US CPI release."

"For Canada, there are no scheduled releases ahead of Wednesday’s building permits and Thursday’s manufacturing sales data. The Bank of Canada’s calendar is also empty. On trade, developments have been limited in the aftermath of last Tuesday’s Trump/Carney meeting."

"Momentum is bullish, as evidenced by the RSI’s climb above 50. USD/CAD appears well supported as it pushes toward its 200 day MA (1.4018) following its recent break of the 61.8% retracement level of the September/February rally at 1.3944. The next important technical level is the midpoint of the range around 1.4100 and mid/late February congestion level around 1.4200. We look to near-term support between 1.3900 and 1.3850."

May 13, 2025

USD soft but holding on to recent gains ahead of inflation data – Scotiabank

The US Dollar (YSD) is trading softly against a narrow set of G10 currencies but holding on to the bulk of its recent gains as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Read more Previous
May 13, 2025

EUR offers no reaction to ZEW sentiment data – Scotiabank

The Euro (EUR) is trading flat vs. the US Dollar (USD) and consolidating around 1.11 into Tuesday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Read more Next