
Ketahui mengapa FBS mengurangkan spread GBPCAD dan apa yang perlu dilakukan seterusnya!
2023-12-19 • Dikemaskini
The Canadian dollar remained near its four-month high against the U.S. dollar, trading at 1.3390, supported by increased oil prices and anticipation of interest rate cuts in 2024. The loonie had touched its strongest level since August 4 at 1.3347 following the Federal Reserve's signal of potential interest rate cuts next year. Analysts suggest that the risk appetite for central bank rate cuts in 2024 has contributed to the Canadian dollar's strength. The upcoming Canadian Consumer Price Index report is expected to show a slowdown in inflation to 2.9% in November from 3.1% in October. A higher inflation number could influence the Bank of Canada to maintain current interest rates, further strengthening the loonie. Meanwhile, disruptions in maritime trade due to attacks by the Iran-aligned Yemeni Houthi militant group pushed up oil prices, a significant export for Canada. Canadian government bond yields rose, with the 10-year yield at 3.187%, rebounding from a seven-month low touched on Friday.
USDCAD on the Daily timeframe made an initial reaction away from the pivot zone yesterday, followed by the current retracement that seems to be currently on-going. In light of this, and the market structure on the 4-Hour timeframe, I believe the CPI numbers will provide the needed momentum for price to complete a proper rejection from the pivot zone. In this case, however, I’d advice that proper confirmations be sought from the lower timeframes before taking a trade.
Analyst’s Expectations:
Direction: Bullish
Target: 1.34918
Invalidation: 1.33489
EURCAD is steadily climbing towards the rally-base-drop supply zone on the 4-Hour timeframe. By the time price reaches the supply zone, it would be coming under bearish pressure from two resistance trendlines, as well as the 100 and 200 period moving averages. Considering that the moving averages are arrayed in a bearish order, this lends extra credence to my bearish sentiment.
Analyst’s Expectations:
Direction: Bearish
Target: 1.45591
Invalidation: 1.47831
In the case of CADJPY, the price action is currently riding upwards, with a likely target being the rally-base-drop supply zone. Additional confluences to the supply zone include; the bearish array of the moving averages, 200-period moving average resistance, and the resistance trendline intersection. In spite of these confluences though, it is crucial to note that further confirmation can still be sought before you take a position on these trade ideas.
Analyst’s Expectations:
Direction: Bearish
Target: 105.897
Invalidation: 109.683
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more of such trade ideas and prompt market updates on the telegram channel.
Ketahui mengapa FBS mengurangkan spread GBPCAD dan apa yang perlu dilakukan seterusnya!
Kenaikan hara yang berlaku itu adalah sebelum mesyuarat FOMC di mana harga berjaya capai ketinggian 1…
Pengaruh dolar sebagai matawang rizab dunia telah merosot secara beransur-ansur. Adakah mungkin untuk euro menggantikannya? Kami juga tidak pasti tentang perkara itu.
Fed mengumumkan pada hari Rabu bahawa ia membiarkan kadar dasar tidak berubah pada 5…
Jepun melangkah lebih dekat kepada campur tangan mata wang dengan amaran terkuatnya apabila yen merosot ke paras paling lemah dalam kira-kira 34 tahun berbanding dolar…
Sentimen pasaran yang memulih pada pembukaan dagangan awal minggu semalam telah menukar semula haluan pergerakan USD…
FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.
Permohonan anda telah diterima
Pengurus akan menghubungi anda dalam amsa terdekat
Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam
Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat
Masalah dalaman. Sila cuba sebentar lagi
Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!