Oil’s dip today certainly isn't helping the $CADUSD, which has been trying to hold onto some gains. We're seeing it hovering around 0.7135, and while it's not a freefall, the energy story is going to be crucial for any real upside here. Keeping an eye on any major shifts in crude before looking for any directional plays on CAD, as it feels like the current price action is just jostling for position.
Considering the daily range for $ETHUSD has been relatively tight, fluctuating between $1891.06 and $1918.26, I'd put the odds of it holding above $1900 by Friday's close at roughly 65%. While it's currently trading around $1914.01, there isn't a strong catalyst on the immediate horizon that suggests a significant move downward, nor a massive push higher. It feels like consolidation around this level is more probable, with minor dips being bought up.
Still parsing the latest Fed rhetoric. On one hand, the general tone remains hawkish, but if you look at the underlying core inflation trajectory, it's undeniably cooling, albeit slowly. The market's pricing in cuts next year seems more aligned with the data than the current Fed commentary, which feels like a holding pattern. I'm watching $NZDCAD closely here; if the narrative shifts more definitively towards easing, that carry differential starts to look less appealing. Also keeping an eye on $PLTR earnings next week – growth stories get scrutinized harder in this environment, but the long-term thesis remains strong for me.