- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/CAD consolidates above the 1.3500 area, Canadian Retail Sales, Jackson Hole eyed
USD/CAD consolidates above the 1.3500 area, Canadian Retail Sales, Jackson Hole eyed
- USD/CAD trades flat around 1.3540 amid the cautious mood.
- The stronger US data strengthen the case for another interest rate rise by the Federal Reserve (Fed).
- Market players will focus on the Canadian Retail Sales, Federal Reserve (Fed) Chairman Jerome Powell Speaks.
The USD/CAD pair trades sideways above the 1.3500 mark after reaching the highest level since May during the early Asian session on Monday. The pair currently trades near 1.3542, losing 0.08% on the day. Meanwhile, a decline in oil prices undermines the Canadian Dollar since Canada is the largest oil exporter to the United States.
The stronger US Retail Sales and robust labor data strengthen the case for another interest rate rise by the Federal Reserve (Fed). FOMC Minutes emphasized last week that inflation remained unacceptably high and additional monetary policy tightening may be required to bring inflation to the target.
On the other hand, the Canadian Producer Prices for July increased by 0.4%, contrasting June's -0.6% drop on the back of oil price increases. Meanwhile, Raw Material Prices rose by 3.5% in Jul from 11.1% year-to-date. Canada's investment and employment data seem dismal compared to the US economic data, which weighs on the Loonie and acts as a tailwind for the USD/CAD pair.
However, the People's Bank of China (PBOC) said on Sunday that China would arrange financial support to resolve local government debt worries, according to Reuters. The positive development might alleviate the concern about the spillover effects of China’s debt crisis and real-estate woes. This, in turn, could limit the downside of the Loonie and acts as a headwind for the USD/CAD pair.
Market participants await the monthly Canadian Retail Sales for June due on Wednesday. However, the Federal Reserve (Fed) Chairman Jerome Powell Speaks at the Jackson Hole Symposium on Friday will be the highlight this week. The event will be critical for determining a clear movement for the USD/CAD pair.
© 2000-2025. 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
