Trade correlation between the price of oil and Canadian dollar The price of oil versus the Canadian price is not as balanced as it has been throughout historyThere is a very big distortion between the twoI understand that there is a lot of politics now: positive pressure on Iran’s oil and the tension in the Middle East,And the Canadian because the…
USD CAD PRICE TRADE IDEA Canadian dollar made some recover moves due Dollar Index broke above the key 92.00 level, the biggest spike since Dec 2016 – to its highest level since mid-January. With net speculative positioning at extreme shortsSome of the pairs in the forex market are facing critical junction points for a further move against the dollar in…
USD CAD TECHNICAL ANALYSIS Trump is pushing for a NAFTA deal as early as next week, the NAFTA renegotiation fears are dying down, it’s also reported that in the latest US proposal regarding the car, parts are grouped into five categories. In addition, some of which could have a lower requirement for North American contents or none at all, expect…
Canadian Dollar Technical analysis price forecast update This pair is my favorite pair – we achieve 3600 pips over the year’s on the usdcad usd cad forecast i start to analyze usdcad when is faced with the break point in 2013 a quick brief on the economic situation After a short respite from monetary movements more could soon be on the way,…
What is the trend and where is the USD CAD heading ? Earnings season begins this week with three of the biggest US banks due to release their second quarter numbers. Citigroup (C), JPMorgan Chase & Co (JPM) and Wells Fargo & Co (WFC) will set the pace with results due on Friday.US banks enjoyed a boost after the Federal…
Canadian Dollar Technical analysis forecast update This pair is my favorite pair – we achieve 3600 pips over the year’s on the usdcad We start to analyze usdcad when is faced with break point in 2013Couple of months I did not talk about usd cad pair, but after yesterday announcement and tomorrow- fed rate we need to be ready to…