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.
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.
Octa trading broker
Open trading account
Back

CAD consolidating within a right range and finding support from spreads – Scotiabank

The Canadian Dollar (CAD) is entering Friday’s NA session flat vs. the USD as it consolidates around the midpoint of this week’s range, Scotiabank's Chief FX Strategist Shaun Osborne notes.

RSI drifts back to neutral levels around 50

"Yield spreads remain in focus as markets consider the latest run of soft US data and their implications for Fed policy, offering up the possibility of a pause in the recent widening that has been a near-term headwind for the CAD. The stabilization in oil prices is also welcome and helping to steady our FV estimate for USD/CAD, which now stands at 1.3970."

"Friday’s domestic release calendar is limited to the international securities transactions data for March (8:30am ET) and there are no major releases scheduled ahead of Tuesday’s CPI. BoC Gov. Macklem is also scheduled to speak next Thursday, on the sidelines of the G7 meeting in Banff. The latest countertrend recovery in USD/CAD looks to have lost momentum."

"This week’s range has revealed considerable resistance above 1.4000 with support observed around 1.3900. The RSI has drifted back to neutral levels around 50, indicating a loss of momentum. The 200 day MA (1.4021) remains an important level to watch, in terms of upside risk, given USD/CAD’s inability to break above it this week. Recent congestion appears centered around the pivotal 61.8% retracement of the September-February rally.

US Dollar looks set for steady weekly close ahead of Consumer Sentiment data

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is on the back foot on Friday at around 100.62.
Read more Previous

EUR stuck around 1.12 with risk in Fed pricing – Scotiabank

EUR/USD is extending its recent, quiet consolidation around 1.12 and trading with modest support into Friday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Read more Next