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.
Batal Sahkan
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.
Sahkan
Octa trading broker Daftar Log masuk
Octa trading broker
Buka akaun dagangan
Berita dagangan
Back
10 Dec 2024

USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets

  • USD/CAD trades with positive bias for the third straight day and climbs to a fresh multi-year top.
  • Bets for a larger BoC rate cut and a modest downtick in Crude Oil prices undermine the Loonie. 
  • A subdued USD price action caps the pair ahead of the US CPI and BoC decision on Wednesday.

The USD/CAD pair touches a fresh high since April 2020 during the Asian session on Tuesday, though it lacks follow-through buying and remains below the 1.4200 round-figure mark. The near-term fundamental backdrop, meanwhile, seems tilted in favor of bullish traders and suggests that the path of least resistance for spot prices remains to the upside. 

The Canadian Dollar (CAD) continues to be weighed down by bets for a larger interest rate cut by the Bank of Canada (BoC) on Wednesday, bolstered by a jump in the domestic unemployment rate in November. Apart from this, a modest downtick in Crude Oil prices undermines the commodity-linked Loonie and acts as a tailwind for the USD/CAD pair, though the lack of follow-through US Dollar (USD) buying caps the upside. 

The US Nonfarm Payrolls (NFP) report released on Friday reaffirmed bets that the Federal Reserve (Fed) will cut interest rates in December. This, in turn, keeps the US Treasury bond yields depressed near October lows and caps the post-NFP USD recovery from a nearly one-month through. However, expectations for a less dovish Fed should help limit any meaningful USD losses and offer some support to the USD/CAD pair. 

Traders, meanwhile, might refrain from placing aggressive directional bets ahead of the key US macro data and the central bank event risk. The US Consumer Price Index (CPI) report is due for release on Wednesday and should offer cues about the Fed's rate-cut path, which will drive the USD demand. Adding to this, the BoC policy decision, also on Wednesday, will determine the next leg of a directional move for the USD/CAD pair.

Economic Indicator

BoC Interest Rate Decision

The Bank of Canada (BoC) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoC believes inflation will be above target (hawkish), it will raise interest rates in order to bring it down. This is bullish for the CAD since higher interest rates attract greater inflows of foreign capital. Likewise, if the BoC sees inflation falling below target (dovish) it will lower interest rates in order to give the Canadian economy a boost in the hope inflation will rise back up. This is bearish for CAD since it detracts from foreign capital flowing into the country.

Read more.

Next release: Wed Dec 11, 2024 14:45

Frequency: Irregular

Consensus: 3.25%

Previous: 3.75%

Source: Bank of Canada

 

Dec 10, 2024

EUR/USD Price Forecast: Bearish outlook remains in play near 1.0550, eyes on ECB rate decision

The EUR/USD pair trades in positive territory around 1.0560 during the early European session on Tuesday.
Baca lagi Previous
Dec 10, 2024

Netherlands, The Manufacturing Output (MoM): -0.6% (October) vs -3%

Netherlands, The Manufacturing Output (MoM): -0.6% (October) vs -3%
Baca lagi Next