The Canadian Dollar (CAD) has steadied after making another run at yesterday’s high near 1.3865 overnight. The CAD is fighting against a tidal wave of negative sentiment, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
“The latest CFTC data showed a huge accumulation of bearish CAD positioning. Positioning looks excessive but profoundly weak sentiment reflects the BoC’s easing bias, lagging growth (versus the US) and perhaps investors fearing another Trump presidency and tariffs on Canadian exports.”
“Weak commodities are not helping but strong commodities failed to lift the CAD earlier this year and the correlation between spot and commodities remains very weak. The one saving grace for the CAD is that it has closed lower against the USD for nine consecutive sessions now. My informal rule of thumb for major FX pairs is that one direction moves very rarely extend for more than ten sessions on the trot.”
“The trend appreciation in the USD from the middle of the month has run on to the point that gains look very stretched. The CAD is marginally positive on the session so far and may hold inside yesterday’s range against the USD. Minor support sits at 1.3835 while losses below 1.3795 may trigger a deeper USD correction. Resistance is 1.3865 and 1.39.”
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.