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
2 Aug 2016

USD/CAD drops further to 1.3240, API eyed

The greenback is now accelerating its decline vs. its Canadian peer, sending USD/CAD to test fresh lows in the 1.3240 region.

USD/CAD lower on USD-selling, focus on API

Spot is coming down to the 1.3040 area as the selling bias around the greenback is now gathering extra traction.

In addition, CAD is deriving further support from the recovery in crude oil prices, with the barrel of West Texas Intermediate approaching the $41.00 mark after bottoming out in sub-$40.00 levels on Monday.

Data wise, Canadian RBC’s PMI has come in at 51.9 during last month vs. June’s 51.8, while US inflation figures tracked by the PCE have matched prior surveys.

USD/CAD significant levels

As of writing the pair is losing 0.64% at 1.3041 and a breakdown of 1.2998 (low Jul.29) would open the door to 1.2983 (55-day sma) and finally 1.2858 (low Jul.14). on the other hand, the next up barrier lines up at 1.3253 (high Jul.27) followed by 1.3314 (200-day sma) and then 1.3575 (50% Fibo of the 2016 down move).

Aug 2, 2016

Canada RBC Manufacturing PMI increased to 51.9 in July from previous 51.8

Canada RBC Manufacturing PMI increased to 51.9 in July from previous 51.8
Read more Previous
Aug 2, 2016

US Dollar tumbles further, threatening 95.00

The US Dollar Index, which gauges the buck vs. its main rivals, is coming under heavy downside pressure and is looking to challenge the key support at
Read more Next