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CAD is pressured by the perceived risk of a US-Canada trade war - ING
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CAD is pressured by the perceived risk of a US-Canada trade war - ING
New
2025.01.10 20:21
2025.01.10 20:21
2025.01.10 20:21
Employment data for December is also released in Canada today, where expectations are for a slowdown in hiring to 25k and another tick-up in unemployment to 6.9%, ING's FX analyst Francesco Pesole notes.
Tew Canadian prime minister can have an impact on CAD
"The impact on CAD would likely be short-lived as the currency is almost entirely trading on the back of the perceived risk of a US-Canada trade war, and how that can be impacted by the new prime minister."
"At this stage, consensus seems to be building around two candidates: former Finance Minister Chrystia Freeland and former Bank of Canada/Bank of England Governor Mark Carney."
Last updated
: 2025.01.10
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GBP retains a soft undertone - Scotiabank
The Pound Sterling (USD) is down marginally on the session but, like many of its G10 counterparts, the pound has settled into a tight trading range into the end of the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.10 23:03EUR/USD: Markets are reluctant perhaps to push FX too hard - Scotiabank
The Euro (EUR) has settled into a tight trading range around the 1.03 point through the latter part of this week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.10 23:01USD/CNH: Room for USD to retest the 7.3700 level - UOB Group
Slight increase in upward momentum is likely to lead to US Dollar (USD) trading in a higher range of 7.3450/7.3650.
New
2025.01.10 22:55GBP/JPY finds cushion near 194.00, more downside remains likely
The GBP/JPY pair finds temporary support near 194.00 in Friday's North American session after a two-day sell-off amid weakness in the Pound Sterling (GBP) across the board.
New
2025.01.10 22:35US Dollar trades steady while markets await NFP report
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, is trading steady this Friday, at 109.17 at the time of writing, ahead of the US employment report due later.
New
2025.01.10 21:16USD/JPY: The pair is expected to trade with an upward bias - UOB Group
US Dollar (USD) is expected to trade in a range between 157.60 and 158.55. In the longer run, USD is expected to trade with an upward bias; any advance is expected to face significant resistance at 159.00, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
New
2025.01.10 20:58Fed's Musalem: Greater caution is warranted on reducing interest rates - WSJ
In an interview with the Wall Street Journal, St. Louis Federal Reserve President Alberto Musalem suggested that greater caution is warranted on reducing interest rates, per Reuters.
New
2025.01.10 20:52EU natural gas prices get weaker - ING
In Europe, refined product inventories in the ARA region increased by 50kt WoW to 6.77mt. The increase was driven by gasoline stocks which grew by 120kt. All other products saw a decline in inventories with gasoil stocks falling by 35kt.
New
2025.01.10 20:51NZD/USD: Sustained break below 0.5570 seems unlikely - UOB Group
Scope for the New Zealand (NZD) to test the 0.5570 level; a sustained break below this level seems unlikely. In the longer run, risk for NZD is beginning to shift to the downside, but it must break clearly below 0.5570, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
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2025.01.10 20:46Oil remains well supported - ING
Oil prices remain well supported with ICE Brent settling 1% higher yesterday, ING's commodity analysts Warren Patterson and Ewa Manthey note.
New
2025.01.10 20:35Disclaimer:
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