PIB dos EUA deve mostrar uma economia forte
A estimativa para os números finais é que o PIB do quarto trimestre se mantenha na casa dos 3,2%, mostrando uma economia aquecida
CPI Release Will Boost The CAD
2023-11-21 • Atualizado
Canada's forthcoming Consumer Price Index (CPI) data, set for release on Tuesday, is projected to show a year-on-year decline in inflation to 3.2% for October from the previous 3.8%. This potential inflation dip might offer leeway for the Bank of Canada (BoC) to maintain its overnight rate target at 5.0% in the December meeting, aligning with the central bank's emphasis on economic indicators influencing rate decisions. Concurrently, the US Dollar (USD) confronts challenges amid an increased appetite for risk, fueled by expectations of a dovish stance from the Federal Reserve (Fed). The recent release of subdued inflation figures last week, with the Consumer Price Index (CPI) easing to 3.2% (YoY) and the core CPI to 4.0% (YoY), has led investors to reconsider the likelihood of a December rate hike and contemplate potential rate cuts in 2024.
EURCAD - D1 Timeframe
EURCAD has currently reached the supply zone on the Daily timeframe and given an initial reaction from the supply zone. This move here is expected to slide prices down all the way to the marked demand zone as shown on the chart.
Analyst’s Expectations:
Direction: Bearish
Target: 1.51121
Invalidation: 1.47910
NZDCAD - D1 Timeframe
In line with what we had on the EURCAD chart, NZDCAD is currently reacting from the supply zone with a confluence from the trendline resistance. Considering that the supply zone is currently at the 88% of the Fibonacci retracement, I’ll be anticipating to go short.
Analyst’s Expectations:
Direction: Bearish
Target: 0.80727
Invalidation: 0.84285
CADJPY - D1 Timeframe
CADJPY on the Daily timeframe has just broken below the trendline and seems to be heading back up for a retest. There is also a supply zone that intersects the trendline and could be a good spot for the commencement of a sell move.
Analyst’s Expectations:
Direction: Bearish
Target: 105.432
Invalidation: 109.535
CONCLUSION
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.
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Últimas notícias
Ofertas de Empregos Jots no radar dos touros do dólar
Depois da queda no mês de março em cerca de 26 mil vagas de emprego, a expectativa do mercado é de nova queda para 8,790M para o mês de fevereiro do mesmo ano
Investidores de olho no PMI Industrial do ISM
Nesta segunda-feira, primeiro dia do mês de abril, os EUA liberam os números dos PMIs da S&P Global e do ISM para a indústria
As expectativas dos mercados giram em torno do PCE dos EUA
Todas as atenções estarão nos preços básicos do PCE (núcleo) dos EUA, que excluem alimentos e energia para o mês de março, com a expectativa de que os números venham abaixo do mês anterior, que registraram um aumento de 0,4%
