The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The Canadian dollar has received support from rising oil prices, which is quite expected given Canada's status as one of the key suppliers of raw materials to the United States. U.S. crude oil (WTI – West Texas Intermediate) prices are climbing after a recent sharp decline, supported by ongoing geopolitical tensions in the Middle East and concerns over potential supply disruptions. However, this factor is likely to provide only temporary support for the Canadian dollar, as the commodity-driven momentum is gradually weakening.
From a monetary policy perspective, the U.S. dollar continues to face pressure but is gradually stabilizing. Markets continue to price in a high risk of further easing of the Federal Reserve's monetary policy in 2026 following the December rate cut of 25 basis points, which set a new target range of 3.50%–3.75%. Over the course of 2025, the Fed cut rates by a total of 75 basis points amid a slowdown in the labor market and inflation that remains above the target level.
The main focus now shifts to the publication of the minutes of the Federal Open Market Committee (FOMC) meeting, scheduled for Tuesday. The document may shed light on the nature of internal discussions within the Federal Reserve and provide clues about the future direction of policy in 2026. According to the CME FedWatch tool, the probability of keeping rates unchanged in January remains high, while expectations for a rapid new rate cut have weakened.
In Canada, the monetary situation appears more stable. The Bank of Canada is maintaining a wait-and-see approach, as inflation is only slightly above the 2% target. The regulator's latest minutes confirm that the current level of interest rates is considered appropriate, while still allowing for flexibility should economic conditions change. The divergence in approaches between the Fed and the Bank of Canada is keeping USD/CAD in a state of moderate consolidation.
From a technical standpoint, oscillators on the daily chart are in oversold territory, confirming the consolidation phase. The first obstacle to further growth is the round level of 1.3700. The next resistance lies at 1.3750, near the 9-day EMA. Support is located at 1.4650.
According to current data, the Canadian dollar is showing its strongest performance against the New Zealand dollar, while its dynamics against other major currencies remain mixed.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
