Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Back

USD/CAD flirts with session lows, below mid-1.2600s amid rallying oil prices

  • USD/CAD struggled to capitalize on an early uptick, instead met with a fresh supply near the 1.2675 area.
  • Bullish crude oil prices continued underpinning the loonie and prompted some selling around the major.
  • Rising US bond yields might extend support to the USD and help limit losses ahead of Powell’s speech.

The USD/CAD pair extended its intraday descent from the 1.2675 region and refreshed daily lows during the early European session. The pair was last seen hovering around the 1.2640-35 region, down around 0.10% for the day.

The pair built on the previous day's goodish rebound from sub-1.2600 levels, or weekly lows and edged higher during the early part of the trading action on Thursday. The uptick was sponsored by some US dollar strength, which remained supported by the prospects for a relatively faster US economic recovery from COVID-19.

Investors remained optimistic about the US economic outlook amid the impressive pace of coronavirus vaccinations and the progress on a massive US fiscal spending plan. The reflation trade has been fueling speculations about a possible uptick in inflation and raised doubts that the Fed would retain ultra-low interest rates.

This, in turn, pushed the US Treasury bond yields higher and extended some support to the greenback. Meanwhile, the recent sell-off in the US Treasuries took its toll on the global risk sentiment amid fears about distressed selling in other assets. This was seen as another factor that benefitted the USD's safe-haven status.

However, the bullish sentiment surrounding crude oil prices continued underpinning the commodity-linked loonie and capped gains for the USD/CAD pair, rather prompted some selling at higher levels. Oil prices got a lift from the overnight report, indicating that OPEC+ might decide against increasing output at a key meeting later this Thursday.

Hence, the focus will remain on headlines coming out of a meeting between OPEC and other major oil producers - a group referred to as the OPEC+ alliance. Apart from this, investors will also keep a close eye on Fed Chair Jerome Powell's comments on the risk of a rapid rise in borrowing costs, which will influence the USD price dynamics.

Technical levels to watch

 

USD/JPY to target the July high at 108.16/20 – Commerzbank

The Japanese yen remains weak as USD/JPY has reached the next Fibonacci level at 107.14. Karen Jones, Team Head FICC Technical Analysis Research at Co
Baca lagi Previous

Gold Price Analysis: XAU/USD remains at the mercy of Treasury yields dynamics and Powell

Gold remains under pressure but holds above $1,700 so far. The precious metal is suffering from rising US yields. XAU/USD’s fate hinges on Treasury yi
Baca lagi Next