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
Trading news
Back
24 Jul 2018

USD/CAD pulls away from session lows, remains in the red near 1.3160

  • USD/CAD finds support near 1.3140.
  • Crude oil makes a decisive recovery on Tuesday.
  • US Dollar Index stays virtually flat on the day near 94.60.

Despite some fluctuations witnessed in the early NA session, the USD/CAD pair remains stuck in its daily range and is struggling to determine a direction amid a lack of significant fundamental catalysts. As of writing, the pair was trading at 1.3162, losing 0.08% on the day.

Earlier in the NA session, the pair dropped to a daily low at 1.3137 after the US Dollar Index slipped below the 94.50 mark following the mixed macroeconomic data releases from the United States. Although Markit's report today showed that the manufacturing and the services sectors both showed health activity, the composite PMI and the service PMI fell short of the market expectations while the manufacturing PMI came in slightly above experts' estimates.

However, with the 10-year T-bond yield turning positive near 2.97%, the DXY retraced its losses and rose to 94.65, where it closed the previous day, to provide some lift to the USD/CAD pair.

On the other hand, the commodity-sensitive loonie is still showing some resilience against the buck amid rising crude oil prices. After closing the previous day below the $68 mark on Monday, the barrel of West Texas Intermediate added a little over $1, or 1.5%. Later in the session, the API is going to publish its weekly crude oil stock report.

Technical outlook

The RSI indicator on the daily chart stays flat near the 50 mark, confirming the pair's indecisiveness. On the upside, resistances could be seen at 1.3200 (psychological level), 1.3285 (Jul. 19 high) and 1.3385 (Jun. 27 high). Supports are located at 1.3120 (50-DMA), 1.3060 (Jul. 11 low) and 1.3000 (psychological level).

Jul 24, 2018

Bank of Japan: No change in July, but something could happen during Q3 - Danske Bank

Analysts at Danske Bank, do not expect the Bank of Japan to change its policy at the July meeting, but they see that the likelihood of a policy adjust
Read more Previous
Jul 24, 2018

USD/JPY Technical Analysis: Consolidating above 111.00 figure

USD/JPY 15-minute chart  Spot rate:                 111.27 Relative change:      -0.06%      High:                        111.53 Low:          
Read more Next