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USD/CAD reversing down at resistance

The resistance zone at 1.3660s rejected USD/CAD again yesterday after stronger Canada GDP numbers and slower China rebound Full Article

4 M
The 200 daily SMA turned into support for USD/CAD

USD/CAD made a reversal lower toward the end of last week, but it remains bullish on the daily chart as lows keep getting higher Full Article

5 M
The stronger USD is also weighing on Oil

Crude Oil has jumped $2 higher off the lows but the 100 SMA is acting as resistance where we decided to open a sell Oil signal Full Article

5 M
EIA inventories showed another decline for last week

Crude Oil has been bullish since the beginning of the month, but it is looking exhausted now, failing to push above the 100 SMA Full Article

8 M
EIA inventories showed another decline for last week

Yesterday the private API Oil inventories showed a buildup and today's EIA's buildup was bigger, but markets are discounting Full Article

9 M
Oil and other commodities feeling better this week

The EIA inventory showed a buildup of more than 10 million barrels last week, although that didn't hurt Oil much Full Article

10 M
The stronger USD is also weighing on Oil

There have been rumours of the petrodollar being dumped when the covid pandemic started, now China is asking for Oil to be settled in yuan Full Article

10 M
Oil now very close to $70

Crude Oil jumped $3 higher yesterday on the Keystone Pipeline closure but then lost $4 as it headed ever closer to $70 Full Article

10 M
Core CPI to slow in Canada too this week

Today the US PPI producer inflation report will likely have a similar effect as last month, as we head into next week's FED rate decision Full Article

10 M
The retrace lower seems compete for USD/CAD on the H1 chart

USD/CAD has retraced nearly 150 pips lower as USD weakness kicks in, but it is finding support at the 100 SMA where we decided to buy Full Article

10 M
EIA inventories showed another decline for last week

Crude Oil fell to a new low for 2022 as the USD pushed higher while the risk sentiment remained negative Full Article

10 M
WTI Oil still remains bearish despite the jump higher

Oil has jumped $1.5 off the lows as the comments on a reopening in China are improving the sentiment in financial markets Full Article

10 M
EIA inventories showed another decline for last week

Crude Oil has been making three days of gains despite the USD being bullish this week, as US Oil inventories decline Full Article

10 M
USD/CAD making the bullish break

USD/CAD continues to remain bullish as the CAD falls despite an bullish reversal in Oil since yesterday and better Q3 GDP numbers from Canad Full Article

10 M

Yesterday crude Oil fell to $73.60 after opening with a bearish gap, but it reversed back up pretty fast Full Article

10 M
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