- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/CAD grinds higher around 1.2650 amid steady oil, sour sentiment
USD/CAD grinds higher around 1.2650 amid steady oil, sour sentiment
- USD/CAD prints four-day uptrend around three-week top, sidelined of late.
- Risk appetite weakens as markets await FOMC, oil struggles to cheer Russia headlines.
- US CB Consumer Confidence, API Weekly Crude Oil Stock may direct intraday moves, Fed in focus.
USD/CAD remains indecisive after refreshing a fortnight top the previous day, retreating from intraday high to 1.2645 ahead of Tuesday’s European session.
In doing so, the Loonie pair struggles to find a balance between the risk-off mood and hawkish headlines for Canada’s key export item, WTI crude oil, amid sluggish trading hours.
That said, market sentiment sours as traders await the Federal Open Market Committee (FOMC) meeting with mixed clues over the Fed’s next moves. Among them were the recently downbeat US Markit PMIs and the US inflation expectations, per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data.
On other hand, geopolitical fears surrounding Russia and Ukraine escalate as Moscow refrains from accepting the global pressure towards a ceasefire even as political leaders warn of economic sanctions.
As the risk-off mood underpin US Treasury yields and the US dollar demand, WTI crude oil prices remain pressured, down 0.16% intraday around $83.45 by the press time. It’s worth observing that the easing fears of Omicron and China’s readiness to defend investors amid financial and covid risks keep oil buyers hopeful.
Moving on, the US CB Consumer Confidence for January, prior 115.8, will precede the weekly private oil inventory data from the American Petroleum Institute (API) to direct short-term USD/CAD moves. However, major attention will be given to Wednesday’s Fed meeting as markets expect Chairman Jerome Powell to signal a March rate hike.
Technical analysis
Unless crossing a five-week-old descending resistance line, around 1.2660 by the press time, odds of the USD/CAD pullback towards the 200-DMA retest, near 1.2500 at the latest, can’t be ruled out.
© 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.
Банковни транcфери
