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Canadian Dollar GDP ka Intizar Hai
Canadian dollar ne chauthi martaba lagatar week loss record kiya, takreeban 1% ki girawat ke saath. Monday ki European session mein, USD/CAD 1.4397 par trade kar raha hai, jo likhne ke waqt tak 0.16% ka izafa hai.
Canada ka GDP Report Expected 0.1% Par Rehne Ka Imkaan
Aaj ke GDP report ke liye market ki expectations kaafi low hain, jahan October ke liye forecast sirf 0.1% m/m hai, jo September ke 0.1% gain ke barabar hai. Teesre quarter mein Canadian economy annualized rate se sirf 1% barhi, jo Bank of Canada ke 1.5% ke forecast se kam thi.
Economy ka outlook abhi bhi kamzor lagta hai aur Bank of Canada (BoC) expected hai ke economy ko revive karne ke liye rate cuts ka silsila jaari rakhega. BoC kaafi aggressive raha hai, aur June se le kar ab tak paanch martaba rates cut kar chuka hai, jo total 175 basis points hain. Is mahine ke shuru mein, central bank ne benchmark rate ko 50 basis points se girakar 3.25% tak kar diya, jo COVID pandemic ke baad pehli martaba hai ke BoC ne lagatar 50 basis points ke jumbo cuts diye hain.
Aane wale dino mein, rate policy mein dovish shift expect ki ja rahi hai. Governor Macklem ne kaha ke BoC monetary policy mein “zyada gradual approach” ikhtiyar karega. Iska matlab hai ke rate cuts 25 basis points ke increments mein honge, bas shart yeh hai ke inflation aur employment data expectations ke mutabiq aayein.
Canada Mein Siyasi Bechaini Ke Asar
Naye saal ka aaghaz Canada mein siyasi instability ke saath ho sakta hai. Finance Minister Chrystia Freeland ne pichle hafte hukoomat se isteefa de diya, aur Prime Minister Justin Trudeau January mein apne coalition partner ki taraf se non-confidence motion ka samna kar sakte hain. Trudeau ki popularity tezi se gir rahi hai aur lagta hai ke unke prime minister ke din ginay ja chuke hain.
US Inflation Data Aur PCE Report
US ne hafte ka aaghaz personal consumption expenditures (PCE) price index ke saath kiya, jo Federal Reserve ka pasandida inflation indicator hai. November mein headline PCE 0.1% tak gir gaya, jo October mein 0.2% tha, lekin annually ye 2.4% par barh gaya, jo October ke 2.3% se upar hai.
Core PCE unchanged raha aur 2.8% y/y par tha. Monthly basis par, core CPI October ke 0.3% se gir kar sirf 0.1% raha. Data yeh indicate karta hai ke November mein inflation mein zyada tabdeeli nahi hui, lekin yeh abhi bhi Federal Reserve ke 2% target se upar hai.
USD/CAD Technical Analysis
USD/CAD abhi ground lose kar raha hai kyunke traders commodity markets ke barhne par focus kar rahe hain. Aaj ke trading session mein doosri commodity-related currencies bhi upward movement kar rahi hain.
Agar USD/CAD support zone 1.4330 – 1.4350 ke neeche girta hai, to yeh 50 Moving Average (MA) ke taraf move karega, jo filhal 1.4268 par hai.
USD/CAD
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