USD/CAD holds steady above 1.3700 mark amid retreating oil prices, stronger USD – by hareshmenghani USDCAD Recession Fed RiskAversion Currencies
Retreating oil prices undermines the loonie offering some support amid sustained USD buying.The USD/CAD pair
fails to capitalize on its modest intraday uptick and retreats a few pips from a one-week high touched earlier this Monday. Spot prices, however, manage to hold comfortably above the 1.3700 mark and remain well supported by a combination of factors.edge lower and snap a five-day winning streak to the highest level since late August amid worries that a deeper global economic downturn will hurt fuel demand.
In fact, the USD Index, which measures the greenback's performance against a basket of currencies - hits a one-and-half-week high amid expectations for a more aggressive policy tightening by the Fed. The markets have been pricing in a greater chance of a supersized 75 bps Fed rate hike for the fourth consecutive meeting in November.officials and Friday's upbeat US monthly jobs report, which pointed to the resilient economy.
That said, relatively thin trading volumes on the back of a bank holiday in the US and Canada might hold back traders from placing aggressive bets. Investors might also prefer to move to the sidelines ahead of the release of theNevertheless, the USD/CAD pair seems poised to aim back to reclaim the 1.3800 round-figure mark and retest the YTD peak, around the 1.3835-1.3834 region touched last week.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
USD/CAD Price Analysis: Pressured towards 1.3700 inside weekly ascending triangleUSD/CAD Price Analysis: Pressured towards 1.3700 inside weekly ascending triangle – by anilpanchal7 USDCAD Technical Analysis SwingTrading ChartPatterns SupportResistance
続きを読む »
Pairs in Focus This Week- S\u0026P 500,EUR/USD,Gold,Oil,BTC/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 9th, 2022 here.
続きを読む »
USD/CHF steadies near 0.9950 amid hawkish Fed bets, risk-off mood, SNB’s Jordan eyedUSD/CHF seesaws near 0.9950 during Monday’s inactive Asian session, after a three-day uptrend. That said, the holidays in the US, Japan and Canada res
続きを読む »
Gold Price Forecast: XAU/USD drops to one-week low amid stronger USD, Fed rate hike jittersGold Price Forecast: XAU/USD drops to one-week low amid stronger USD, Fed rate hike jitters – by hareshmenghani Gold Commodities Fed Recession XAUUSD
続きを読む »
Gold Price Forecast: XAU/USD bears approach $1,680 support amid hawkish Fed betsGold price (XAU/USD) remains on the back foot around a one-week low, down for the fourth consecutive day to around $1,690 during early Monday morning
続きを読む »
USD/CAD aims to cross 1.3750 as DXY refreshed day’s high, US Inflation buzzThe USD/CAD pair is aiming to demolish the back-and-forth moves structure that remained in a narrow range of 1.3720-1.3740 in the early European sessi
続きを読む »