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
30 Aug 2016

USD/CAD upside faltered near 1.3050, US data eyed

USD/CAD has receded to the current 1.3040 area after the upside momentum run out of steam in the mid-1.3000s.

USD/CAD attention to US data, API

The pair is posting its third consecutive session with gains today, extending the rebound from last Friday’s lows in the 1.2830 area, always against the backdrop of a broad-based buying interest surrounding the buck.

In addition, and limiting the upside, the barrel of West Texas Intermediate is recovering part of the ground lost in past sessions, hovering over the $47.30 area and lending some support to CAD.

Next on tap in the US docket will be the S&P/Case-Shiller index and Conference Board’s Consumer Confidence for the month of August, followed by the weekly report on US crude stockpiles by the API. In Canada, Current Account figures during the second quarter will be in the limelight.

USD/CAD significant levels

As of writing the pair is gaining 0.18% at 1.3036 and a break above 1.3202 (high Aug.5) would aim for 1.3253 (high Jul.27) and the 1.3288 (200-day sma). On the other hand, the next support lines up at 1.2968 (base of the 4-month rising channel) followed by 1.2929 (100-day sma) and then 1.2828 (low Aug.26).

 

Aug 30, 2016

GBP: Further weakness likely if UK hard data show clearer signs of weakness - Nomura

Research Team at Nomura, believes that there is a strong likelihood of a further rate cut by the BoE and there is still room for the short-end of the
Read more Previous
Aug 30, 2016

What Is Correlating in FX? - Nomura

Research Team at Nomura, suggests that the GBP correlations with nominal rate differentials dominate the top 10 positive correlations in the past mont
Read more Next