AUD and CAD to consolidate over the near term, before strengthening later in the year – HSBC AUDUSD USDCAD Banks Fed China
Economists at HSBC think both AUD and CAD are likely to consolidate in the near term, before strengthening over the longer term.“We think that the AUD and CAD are likely to move mostly sideways over the near term; with the focus remaining on US data, and how it could shape the 25 bps vs 50 bps debate for the 21-22 March Federal Open Markets Committee meeting.”
“Over the longer term when some of the uncertainties around the Fed, the US economy’s landing, and China’s recovery subside, the AUD and CAD are likely to strengthen against the USD.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC Stock Price | HSBC Holdings PLC ADR Stock Quote (U.S.: NYSE) | MarketWatchHSBC | A complete HSBC overview by MarketWatch. View the latest market news and prices, and trading information.
Read more »
USD/CAD Price Analysis: Bears home in on daily trendline supportThe Canadian Dollar barely changed against its US counterpart on Friday, but it is gaining momentum vs. the greenback at the start of the week, moving
Read more »
Weekly Forex Forecast \u2013S\u0026P 500 Index, AUD/CHF, 2-Year TreasuThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »
AUD/USD Price Analysis: H1 M-formation holds the bears hostage for the openAs per the prior analysis and before the Nonfarm Payrolls event on Friday that sent the US Dollar substantially lower, AUD-USD remains in the realms o
Read more »
AUD/USD marches towards 0.6650 as fears from SVB abate, Aussie employment, US inflation eyedAUD/USD marches towards 0.6650 as fears from SVB abate, Aussie employment, US inflation eyed – by anilpanchal7 AUDUSD RiskAppetite Inflation Employment Fed
Read more »
AUD/USD Price Analysis: Bulls meet channel resistance near 0.6650, but committed from 0.6600As per the pre-open market analysis, the price rallied into and beyond the M-formation´s neckline which was forecasted to be a pull on the Aussie for
Read more »