CAD: Spreads remain a big impediment to a stronger rebound – Scotiabank
06.02.2025, 13:38

CAD: Spreads remain a big impediment to a stronger rebound – Scotiabank

The softer CAD reflects the general trend in the majors against the broadly higher USD on the session. More range trading is likely in the short run; a lot of uncertainty remains and it is hard seeing the CAD improve materially at the moment, Scotiabank's Chief FX Strategist Shaun Osborne notes.  

CAD edges lower on the day

"Over the past 15 years, the rare occasions that USDCAD has pushed above the 1.45 area have been great levels to sell USDs. The previous two occasions that the USD reached the 1.47 area after a short, sharp sell-off in the CAD, the USD was significantly lower just three months later (USD down 7.5% in 2020 and more than 10% in 2016)." 

"In both cases US/ Canada spreads were meaningfully narrower than they are now (heading towards, or already at, par). The CAD might still pick up if tariff risks are priced fully out of the outlook in the next few weeks. Positioning remains heavily short CAD, suggesting scope for a decent squeeze if the trade news does turn suddenly better. But the CAD’s yield deficit remains a big impediment to a major rebound at the moment." 

"The USD’s sharp drop back from Monday’s peak may be stabilizing. Short-term price signals suggest a minor low/reversal was struck as USDCAD losses steadied in the upper 1.42 zone yesterday. Intraday resistance should develop around 1.4375/80 (40-day MA) but spot may do a little more corrective back and filling of the sharp fall seen earlier this week. If the USD regains a 1.44 handle, that correction would risk extending to 1.4450/75. Support is 1.4260/70."

© 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.

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