Gold and oil prices is one of the facts for rising and falling Cad. a small pullback in oil is expected before more upside potential.
Risk of higher us oil output =lower prices. slowing global economy=less demand
But there are some potential in the EM, Which can increase the demand and push prices a bit higher.
OPEC just released its oil market report, where there is no highlights of the production cuts, and prices. This could sound like they are hiding there plans to cut further and Increase prices.
Gold could also see some further upside potential in H2 2019, after a small pullback.
Shorting USDCAD when break of the trend. monitoring gold and oil prices for this position.
Risk of higher us oil output =lower prices. slowing global economy=less demand
But there are some potential in the EM, Which can increase the demand and push prices a bit higher.
OPEC just released its oil market report, where there is no highlights of the production cuts, and prices. This could sound like they are hiding there plans to cut further and Increase prices.
Gold could also see some further upside potential in H2 2019, after a small pullback.
Shorting USDCAD when break of the trend. monitoring gold and oil prices for this position.