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.
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.
Back

USD/CAD testing lows near 1.0900

FXStreet (Edinburgh) - The greenback is now losing the grip vs. the CAD on Wednesday, pushing the USD/CAD to another visit of the 1.0900 neighbourhood.

USD/CAD surrendering gains

Spot is leaving behind initial gains to the area of 1.0930 following the grim figures from US retail sales during July. Headline sales came in flat inter-month and they expanded 0.1% excluding the Transportation sector, both prints missing forecasts. “Although support still holds in the low 1.09s, recent price action suggest limited upside from current levels and a larger risk that we could see a break of support and a push lower towards 1.0880, where funds should find a firmer basis”, suggested Shaun Osborne, Chief FX Strategist at TD Securities.

USD/CAD significant levels

As of writing the pair is losing 0.09% at 1.0916 and a breakdown of 1.0903 (low Ago.7) would open the door to 1.0898 (low Aug.5) and then 1.0859 (200-d MA). On the other hand, the initial hurdle lines up at 1.0985 (high Aug.8) followed by 1.0986 (high Aug.6) and finally 1.1007 (high May 2).

Adjustments to CPI projections the highlight of BoE's August Inflation Report - RBS

The RBS team of analysts believe that the most important takeaway from the BoE August Inflation Report was the fact that the MPC lowered the inflation forecast at 2-year point (1.77% from 1.89%) and barely altered at 3-year point (1.96% vs 1.95%).
Read more Previous

Picnic time for oily bears

Independent Analyst Malcolm Graham-Wood stresses that oil supplies are ample currently with all market participants who can selling crude and he expects the trend to continue in 1H2015.
Read more Next