CAD slips as USD/CAD edges back above 1.40 – Scotiabank
The Canadian Dollar (CAD) is drifting a little lower on the session, with spot gains edging back above 1.40 in quiet and rather featureless trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is drifting a little lower on the session, with spot gains edging back above 1.40 in quiet and rather featureless trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Narrower swap spreads trim USD/CAD fair value

"Risk appetite is a little more constructive, commodities have edged a little lower while short-term, US/Canada swap spreads are a little narrower. The latter factor has helped nudge our fair value estimate for USD/CAD marginally lower to 1.3887 this morning and should also help limit CAD losses, absent any other drivers."

"Although the USD is tracking a little higher still from Friday’s intraday low, price gains are moderate and short-term price action suggests the USD is consolidating ahead of further losses (via a bear flag pattern). USD gains should remain capped around 1.4035/40 (40-day MA) to sustain the softer tone of price action that developed through late November."

"Gains through 1.4050 would suggest more sustained USD gains, however. Support is 1.3980."

Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa

LIVE QUOTES

Pangalan / Simbolo
Tsart
% Pagbabago / Presyo
GBPUSD
1 araw na pagbabago
+0%
0
EURUSD
1 araw na pagbabago
+0%
0
USDJPY
1 araw na pagbabago
+0%
0

LAHAT TUNGKOL SA FOREX

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa