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
19 Feb 2018

USD/CAD trades heavy as oil clocks two-week high

  • CAD on the rise, tracking uptick in oil.
  • USD on the back foot across the board.

Having created a bullish outside day candle on Friday, the prospects further gains in USD/CAD looked good, however, the uptick in oil prices seems to have played a spoilsport.

As of writing, the USD/CAD is trading lower by 22 cents or 0.18 percent at 1.2535. The Canadian dollar may have found some love in Asia as the US oil prices clocked a two-week high of $62.30 per barrel.

Meanwhile, the greenback is reporting moderate losses across the board. China has threatened retaliation if the US imposes tariffs on their aluminum, according to Bloomberg. This could boost fears of a full-blown trade war and keep USD on the back foot during the day ahead. Also, trading volumes may drop as US markets are closed on account of President's Day.

USD/CAD Technical Levels

A positive follow-through to Friday's bullish outside day candle would signal the rally from Jan. 31 low of 1.348 has resumed. In such a scenario, the spot could target 1.2689 (Feb. 9 high) and 1.2729 (200-day MA).

On the other hand, a close below Friday's low of 1.2450 would shift risk in favor of a re-test of 1.2355 (Jan. 5 low) and 1.2247 (Jan. 31 low).

 

Feb 19, 2018

Economic activity in eurozone to remain well above trend in 2018 - Nomura

Analysts at Nomura explained that they expect economic activity in the eurozone to remain well above trend in 2018 and well above consensus.  Key Quo
Read more Previous
Feb 19, 2018

EUR/AUD seeking Friday's low on thin markets

EUR/AUD is indecisive to start off the week, testing the week's open price and Friday's low of 1.5676. With China's institutions shuttered for the fir
Read more Next