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!
USD/CAD has shown three consecutive days of upside momentum, renewing a weekly high above the 20-day SMA. That impulse is fueled by a mix of factors while market attention shifts to important macro releases from the United States and Canada.
Dollar buying continues amid growing recognition that the Iran-related rise in energy prices will rekindle inflation and force the Federal Reserve to delay monetary easing. Therefore, the market's reaction to the U.S. personal consumption expenditures (PCE) index — the Fed's key inflation gauge — is likely to be short-lived.
Also, durable goods orders, the JOLTS vacancies report, and the preliminary University of Michigan consumer sentiment and inflation expectations index are due today. Any of the reports could notably move the dollar.
Canada's monthly labour market data opens a window for short-term trading opportunities in USD/CAD during the North American session. At the same time, a pause in oil's advance appears to be weakening the commodity-linked Canadian dollar.
Meanwhile, the US dollar is approaching its October 2025 high, which further fuels USD/CAD.
However, the risk of supply disruptions could propel oil prices and slow the dollar's advance. From a technical standpoint, the pair is testing 1.36700 after clearing the 20-day SMA, and the relative strength index is gradually moving into positive territory, helping bulls overcome bears. Note, however, that daily-chart oscillators are mixed, and bulls will need to clear the 50-day SMA to gain decisive control over the market.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
