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
4 Feb 2019

USD/CAD jumps to fresh daily highs above 1.3130 on broad-based USD strength

  • US Dollar Index moves closer to the 96 handle.
  • WTI erases majority of Friday's gains.

After easing below the 1.31 handle earlier in the day, the USD/CAD pair gained traction in the early NA session and advanced to a fresh session high of 1.3140. As of writing, the pair was trading at 1.3137, adding 0.4% on a daily basis.

The greenback's decisive recovery on Monday seems to be the primary driver of the pair's recent upsurge. The US Dollar Index, which gauges the US dollar's value against a basket of six major currencies, gathered momentum with last Friday's upbeat NFP and PMI reports helping the buck outperform its vials. Ahead of the ISM-NY Business Conditions Index and factory orders data releases from the U.S., the DXY is up 0.25% on the day at 95.85.

Additionally, a 0.8% daily advance witnessed in the 10-year US T-bond yield is providing an additional boost to the USD.

On the other hand, the commodity-sensitive loonie is feeling the pressure created by falling crude oil prices. The barrel of West Texas Intermediate, which gained 3.4% last week, was last down 2% on the day near $54.20.

Key technical levels

USD/CAD

Overview:
    Today Last Price: 1.3137
    Today Daily change %: 0.39%
    Today Daily Open: 1.3086
Trends:
    Daily SMA20: 1.3257
    Daily SMA50: 1.3374
    Daily SMA100: 1.3218
    Daily SMA200: 1.3129
Levels:
    Previous Daily High: 1.316
    Previous Daily Low: 1.3069
    Previous Weekly High: 1.3287
    Previous Weekly Low: 1.3069
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3104
    Daily Fibonacci 61.8%: 1.3125
    Daily Pivot Point S1: 1.305
    Daily Pivot Point S2: 1.3014
    Daily Pivot Point S3: 1.2958
    Daily Pivot Point R1: 1.3142
    Daily Pivot Point R2: 1.3197
    Daily Pivot Point R3: 1.3233

 

Feb 4, 2019

GBP/USD dips below mid-1.3000s, fresh session low

   •  Brexit uncertainties continue to dent sentiment surrounding the British Pound.    •  Today’s disappointing release of UK construction PMI adds
Read more Previous
Feb 4, 2019

EUR/USD Technical Analysis: Refreshes session low, poised to extend the slide towards 200-hour SMA

   •  The pair finally broke down of its European session consolidative phase and dropped to fresh session lows in the last hour amid a goodish USD up
Read more Next