USD/CAD: Push downwards to potentially extend to test support at 1.3750 – Scotiabank
24.10.2024, 11:54

USD/CAD: Push downwards to potentially extend to test support at 1.3750 – Scotiabank

The Bank of Canada (BoC) duly delivered the 50bps cut that the markets were more or less expecting yesterday. The CAD wobbled for a bit but held its ground around the mid/ upper 1.38s, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

CAD steadies after BoC policy decision

“Messaging that indicated the easing process will continue while inflation risks more balanced now. As such, terminal rate pricing just under 3% for the middle of next year is little changed, helping steady the CAD. Still, the door was not closed on further 1/2 point cuts and the unusually wide policy spread over the Fed that is extending into wide swap and cash bond spreads persists.

“The CAD has picked up a little more support through the overnight session but prospects for a significant rebound are limited with rate differentials as wide as they are. Spot’s mildly negative price reaction to yesterday’s minor push above 1.3850 resistance has prompted a more neutral, short-term tone in spot today.”

“USD/CAD remains deeply overbought on the intraday and daily studies which may slow USD gains in the short run and could prompt a modest pullback (at least) in the recent bull trend. Support is 1.3800/10, with a push below here potentially extending to test support at 1.3750.”

© 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik