Mengonfirmasi Anda bukan dari AS atau Filipina

Dengan memberikan pernyataan ini, saya secara tegas menyatakan dan mengonfirmasikan bahwa:
  • Saya bukan warga negara atau penduduk AS
  • Saya bukan penduduk Filipina
  • Saya, secara langsung maupun tidak langsung, tidak memiliki lebih dari 10% saham/hak suara/kepentingan dari penduduk AS dan/atau tidak mengontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berada di bawah kepemilikan langsung atau tidak langsung untuk lebih dari 10% saham/hak suara/kepentingan dan/atau berada di bawah kontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berafiliasi dengan warga negara atau penduduk AS dalam hal Bagian 1504(a) dari FATCA
  • Saya menyadari tanggung jawab saya jika membuat pernyataan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah dependen AS disamakan dengan wilayah utama AS. Saya berkomitmen untuk membela dan membebaskan Octa Markets Incorporated, direktur dan pejabatnya dari klaim apa pun yang timbul akibat atau terkait dengan pelanggaran apa pun atas pernyataan saya.
Batalkan Konfirmasi
Kami berkomitmen menjaga privasi dan keamanan informasi pribadi Anda. Kami hanya mengumpulkan email untuk menyediakan penawaran khusus dan informasi penting tentang produk dan layanan kami. Dengan memberikan alamat email, Anda setuju untuk menerima surat tersebut dari kami. Jika Anda ingin berhenti berlangganan atau memiliki pertanyaan maupun permasalahan, silakan hubungi Layanan Pelanggan kami.
Konfirmasi
Octa trading broker Mendaftar Masuk
Octa trading broker
Buka akun trading
Berita trading
Back
17 Nov 2022

USDCAD sticks to gains near weekly high amid weaker oil prices, modest USD strength

  • USDCAD gains traction for the second straight day and is supported by a combination of factors.
  • Weaker oil prices undermine the Loonie and act as a tailwind amid a pickup in the USD demand.
  • Traders now look forward to the US macroeconomic releases and Fedspeak for a fresh impetus.

The USDCAD pair builds on the overnight goodish rebound from the 100-day SMA support and edges higher for the second successive day on Thursday. The pair maintains its bid tone through the first half of the European session and is currently trading around mid-1.3300s, just a few pips below the weekly high touched earlier today.

Crude oil prices remain depressed near the monthly low, which, in turn, undermines the commodity-linked Loonie and acts as a tailwind for the USDCAD pair amid a modest pickup in the US Dollar demand. A new COVID-19 outbreak in China raises concerns over slowing fuel demand in the world's largest crude oil importer. This, to a larger extent, overshadows worries about tight global supplies and continues to weigh on the black liquid.

The USD, on the other hand, attracts some haven flows in the wake of a fresh leg down in the equity markets. Furthermore, Wednesday's upbeat US Retail Sales data might have forced investors to scale back their bets for a less aggressive policy tightening by the Fed. This is evident from an uptick in the US Treasury bond yields, which is seen as another factor benefitting the greenback and offering additional support to the USDCAD pair.

Apart from the aforementioned fundamental factors, the overnight failure near a technically significant 100-day SMA prompts traders to lighten their bearish bets around the USDCAD pair. Bulls, however, might wait for some follow-through strength beyond the 1.3360 area before positioning for any further intraday gains. Next on tap is the US economic docket, featuring the Philly Fed Manufacturing Index and the usual Weekly Initial Jobless Claims.

Traders will further take cues from speeches by a slew of influential FOMC members. This, along with the US bond yields and the broader risk sentiment, will drive the USD demand and provide some impetus to the USDCAD pair. Apart from this, oil price dynamics should also contribute to producing short-term trading opportunities around the major.

Technical levels to watch

 

Nov 17, 2022

USDCNY to move in the range of 7.00-7.15 in near term – MUFG

Recent sharp appreciation trend of the Yuan against the Dollar is unlikely to be sustained in the near term, according to economists at MUFG Bank. USD
Baca selengkapnya Previous
Nov 17, 2022

GBPUSD to head higher towards important resistance zone at 1.2250/1.2300 – SocGen

GBPUSD has gone into a consolidation phase near 1.1900. Economists at Société Générale expect the pair to see further gains towards the 1.2250/1.2300
Baca selengkapnya Next