USD/CAD Canadian Dollar Falls with Lower Oil and US-China Trade Anxiety
The Canadian dollar lost 0.25 percent on Thursday. The loonie was under pressure as oil was down and it forced the currency to miss the other majors gaining on the… Read more »
Tag: oil
US crude oil futures settle at $57.91
Down $3.51 or 5.71% Crude oil prices tumbled in trading today on the back of concerns over prolonged US – China trade war. Data from Japan, European Union and Germany… Read more »
Crude Oil Price Outlook Weakens, Stock Markets Sink on Trade Fears
Crude Oil Price Chart and Analysis: Crude oil dips below $70.00/bbl. as trade tensions rattle risk markets. Short-term chart breakdown, six-week low in sight. The Brand New DailyFX Q2 2019… Read more »
Despite the Rhetoric, Turkey Stops Buying Iranian Oil
Turkey announced its decision to stop buying Iranian oil, despite previously signaling its unwillingness to comply with the American demands. An anonymous Turkish official told Reuters that they stopped buying… Read more »
Oil Looking for Further Downside
Elliott Wave view on Oil (CL_F) suggests the move from April 23 peak ($66.6) unfolded as 5 waves which ended wave (A) at $60.04. In the chart below, we can… Read more »
Crude Oil Prices May Drop with Stocks as Market Mood Sours
CRUDE OIL & GOLD TALKING POINTS: Crude oil prices decline most in three weeks on dismal inventory data Gold prices idle as bond yields and US Dollar diverge in risk-off… Read more »
Canadian Dollar, Crude Oil Prices Decline to Support. Yen May Gain
Asia Pacific Market Open Talking Points Canadian Dollar weakened as crude oil price fall fueled BoC rate cut bets British Pound weakened on Brexit uncertainty, is Theresa May done for?… Read more »
Crude oil works back toward the key 200 day MA at $60.50
Down over $2 and -3.25% The price of crude oil is trading at a new session low at $61.05. That is down -$2.07 or -3.28%. A move below the natural… Read more »
Crude Oil Price Drop Helping USDCAD Hold Range Support
Crude Oil Price Talking Points: Crude Oil prices have pulled back after the weekly energy inventory reports, which showed supplies growing faster than expected amid rising tensions between the US… Read more »
USDCAD rips back higher. Lack of follow through selling and lower oil weakens CAD
Crude oil is down -2.12% on the day The price of the USDCAD fell on the back of strong retail sales. The price moved from 1.3395 to a low of… Read more »