确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Octa trading broker
开通交易账户
Back

USD/CAD: Mildly bid near 1.2750 as softer oil prices join strong yields

  • USD/CAD grinds higher, extends the previous day’s bounce from 12-day low.
  • OPEC’s demand forecast, risk-off mood weigh on oil prices.
  • US Treasury yields seesaw around 2.5-year high after inflation data escalated bond selling.
  • US data, Fedspeak will be in focus, Russia-Ukraine headlines eyed as well.

USD/CAD remains on the front foot for the second consecutive day, picking up bids to 1.2740 during the late Asian session on Friday.

The loonie pair took a U-turn from the two-week low, also rose the most in a week, the previous day as markets reacted to the multi-year high US inflation data. Adding to the pair’s strength is the downbeat oil prices, Canada’s main export item.

The US Consumer Price Index (CPI) for January rallied to over a four-decade high with a 7.5% YoY figure, versus 7.3% expected and 7.0% prior.

Although the hot inflation figures were already expected, St. Louis Fed President James Bullard went a step farther while supporting 100 bps rate hikes by July and for the balance sheet reduction to start in the second quarter. Fed’s Bullard also cited the potential for 50 basis points (bps) of Fed rate hike in March. His comments added strength to the Fed rate hike concerns and propelled the US 10-year Treasury yields above 2.0% for the first time since July 2019, around 2.035% at the latest.

It’s worth noting, however, that Federal Reserve Bank of Richmond President Thomas Barkin tried to tame the bulls while saying that he would have to be convinced of a 'screaming need' for a 50 bps hike.

Elsewhere, WTI stays pressured around intraday low, down 0.60% on a day near $88.45. In doing so, the black gold justifies the US dollar’s negative correlation with the commodities while paying little heed to the geopolitical issues surrounding Russia. Also weighing on oil prices is the latest Organization of the Petroleum Exporting Countries (OPEC) oil demand forecast wherein it kept hopes of 4.15 million barrels per day (bpd) energy demand unchanged.

Given the risk-off mood and firmer Treasury yields, the US Dollar Index (DXY) remains firmer around 96.00, poking weekly high of late, which in turn keep USD/CAD buyers hopeful.

Moving on, the US Michigan Consumer Sentiment Index for February, expected 67.5 versus 67.2 prior, will decorate the calendar but traders will pay more attention to the risk catalysts mentioned above for clear direction.

Technical analysis

A clear upside break of the 50-DMA level surrounding 1.2710 directs USD/CAD buyers to a downward sloping resistance line from December 23, 2021, close to 1.2775-80 by the press time. That said, upbeat MACD and RSI also signal the pair’s further upside.

 

USD/INR Price Analysis: Bulls making fresh highs as US dollar firms

USD/INR is attemtion to break higher with the US dollar the strongest of the major currencies followind the US Consumer price Index data on Thursday t
了解更多 Previous

When is the UK Q4 GDP and how could it affect GBP/USD?

The British economic calendar is all set to entertain the cable traders during early Friday, at 07:00 GMT, with the preliminary GDP figures for Q4 202
了解更多 Next