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
Berita trading
Back
10 Jul 2023

USD/CAD sticks to modest intraday gains, lacks follow-through and remains below 1.3300

  • USD/CAD gains some positive traction on Monday and draws support from a combination of factors.
  • A downtick in Oil prices undermines the Loonie and acts as a tailwind amid reviving USD demand.
  • The fundamental backdrop, however, warrants some caution before placing aggressive bullish bets.

The USD/CAD pair attracts some buying on the first day of a new week and for now, seems to have stalled its rejection slide from the 50-day Simple Moving Average (SMA), around the 1.3385 area, or a nearly one-month high touched on Friday. Spot prices, however, struggle to capitalize on the modest intraday uptick and remain below the 1.3300 mark through the Asian session.

Crude Oil prices pull back from a five-week high, which, in turn, undermines the commodity-linked Loonie and turns out to be a key factor acting as a tailwind for the USD/CAD pair. The US Dollar (USD), on the other hand, regains some positive traction and reverses a part of Friday's post-NFP downfall to its lowest level since June 22. This lends additional support to the major, though reduced bets for additional rate hikes by the Federal Reserve (Fed), after the one expected in July, keep a lid on any meaningful appreciating move.

The strong US wage growth data and a slight drop in the unemployment rate should allow the Fed to raise interest rates at its upcoming policy meeting on July 25-26. This remains supportive of elevated US Treasury bond yields and helps revive the USD demand. That said, signs that the US labor market conditions were finally easing and that the inflation is gradually slowing, fueled speculations that the Fed will eventually soften its hawkish. This might hold back the USD bulls from placing aggressive bets and cap the USD/CAD pair.

Furthermore, the recent announcement by the world's biggest oil exporters - Saudi Arabia and Russia - to deepen supply cuts in August should limit the downside for Oil prices. Traders also seem reluctant and prefer to wait on the sidelines ahead of this week's release of the latest US consumer inflation figures on Wednesday. This further makes it prudent to wait for strong follow-through buying around the USD/CAD pair before positioning for the resumption of the recent recovery from the 1.3115 area, or the YTD low touched in June.

Technical levels to watch

 

Jul 10, 2023

EUR/USD Price Analysis: Bulls await a breakout through two-month-old descending trend-line

The EUR/USD pair struggles to capitalize on last week's solid bounce from the vicinity of the 100-day Simple Moving Average (SMA) support near the 1.0
Baca selengkapnya Previous
Jul 10, 2023

Gold Price Forecast: XAU/USD remains on the defensive amid reviving US Dollar demand

Gold price kicks off the new week on a subdued note and oscillates in a narrow trading band, around the $1,925 region through the Asian session. The X
Baca selengkapnya Next