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
Test

Important information

By using this website, you confirm you are not a resident of the European Union, the United States of America, the United Kingdom, Iran, Myanmar, North Korea, Norway, Iceland, Switzerland, Liechtenstein, and the Philippines or accessing it from these jurisdictions. We assume no liability for the consequences of non-compliance with local laws.

Trading news
Back
12 Apr 2018

USD/CAD clings to goodish recovery gains, above 1.2600 handle

   •  A goodish pickup in the USD demand helps bounce off multi-week lows.
   •  Subdued oil prices weigh on Loonie and provide an additional boost.
   •  Weaker Canadian NHPI offset by slightly higher US jobless claims.

The USD/CAD pair held on to its modest recovery gains and was now seen building on its momentum further beyond the 1.2600 handle.

Against the backdrop of a subdued price action around crude oil prices, which tends to derive demand for the commodity-linked currency - Loonie, a goodish pickup in the US Dollar demand helped the pair to stage a modest recovery from near 7-week lows touched in the previous session.

The up-move was further supported by today's disappointing Canadian New Housing Price Index (NHPI), which to some extent was offset by a slight miss from the US weekly jobless claims data and might now contribute towards keeping a lid on any meaningful up-move.

There isn't any market-moving data for the remainder of the day and hence, the USD/oil price dynamics might continue to act as key determinants of the pair's momentum through the NY trading session.

Technical levels to watch

Any subsequent up-move is likely to confront immediate resistance near the 1.2630 region (200-day SMA), above which a fresh bout of short-covering could lift the pair back towards 100-day SMA support-turned-resistance near the 1.2685-90 region.

On the flip side, weakness back below the 1.2600 handle now seems to find immediate support near the 1.2580 level, which if broken might turn the pair vulnerable to aim towards challenging the key 1.2500 psychological mark.
 

Apr 12, 2018

USD/JPY seen within 106.20/107.90 – UOB

FX Strategists at UOB Group remain neutral on the pair, expecting further rangebound between 106.20/107.90 in the near term. Key Quotes 24-hour view
Read more Previous
Apr 12, 2018

EUR/USD tumbles to lows near 1.2300

The greenback keeps the upside momentum intact so far today and relegates EUR/USD to give away further gains and test lows in the 1.2310 region. EUR/
Read more Next