empty
 
 
Está a punto de salir de
www.instaforex.eu >
un sitio web operado por
INSTANT TRADING EU LTD
Abrir cuenta

23.12.202414:53 Forex Analysis & Reviews: USD/CAD: Analysis and Forecast

Relevancia 05:00 UTC--5
Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Exchange Rates 23.12.2024 analysis

Today, the USD/CAD pair is regaining some positive momentum, halting its corrective decline from the highest level reached last Thursday, which also marked levels last seen in March 2020. The pair is supported by a combination of factors.

The US dollar, amid the Federal Reserve's hawkish shift signaling a slower pace of rate cuts in 2025, is recovering positive momentum following Friday's pullback from a two-year high.

Exchange Rates 23.12.2024 analysis

The outlook remains favorable for higher US Treasury yields, which is a key factor providing a tailwind for the dollar. On the other side of the pair, the Canadian dollar continues to weaken due to the dovish stance of the Bank of Canada and domestic political developments.

The Canadian central bank has forecast slower growth rates for the final quarter of the current year, adding that the potential for new tariffs on Canadian exports to the US has made economic prospects more uncertain. Additionally, a Friday report from Statistics Canada revealed that retail sales in October were slightly below forecasts and remained flat in November.

Today, traders seeking opportunities in the USD/CAD pair may focus on the US consumer confidence index, which, along with US bond yields, could influence the dollar. Furthermore, oil price movements could also create short-term trading opportunities in the USD/CAD pair.

The fundamental backdrop favors US dollar bulls, supporting the prospect of extending the established uptrend observed over the past two months. However, from a technical perspective, it is worth noting that daily chart oscillators are in overbought territory. Therefore, traders bullish on the pair should exercise caution, as the pair may consolidate before resuming its upward movement.

Desarrollado por un Irina Yanina
experto de análisis de InstaForex
© 2007-2024

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.




Usted está ahora saliendo de www.instaforex.eu, un sitio web operado por INSTANT TRADING EU LTD
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.

Turn "Do Not Track" off