Oil prices cannot really rally. When a recovery worth over 20% was seen, the words “bull market” came into play, but the bulls are stopped at the gates. As the prices of crude oil slide, so does the Canadian dollar, which meets the crude reality of its No. 1 export. USD/CAD is trading over 1.25 once again. The sharp falls in the number of rigs came from the less productive ones: the total supply of oil in the US and more in general in the whole world continues rising. Fresh inventory data from the US shows a rise of 7.7 million in inventories, more than economists had expected but in line with the API data. WTI crude oil is down below $50 once again, so is Brent and so is the Canadian dollar. More: CAD: Another BoC Cut In March; – CIBC Here is the recent chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD: Bearish short and long term – Citi Yohay Elam 8 years Oil prices cannot really rally. When a recovery worth over 20% was seen, the words "bull market" came into play, but the bulls are stopped at the gates. As the prices of crude oil slide, so does the Canadian dollar, which meets the crude reality of its No. 1 export. USD/CAD is trading over 1.25 once again. The sharp falls in the number of rigs came from the less productive ones: the total supply of oil in the US and more in general in the whole world continues rising. Fresh inventory data from the US shows a rise of 7.7… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
