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👤Xinyang
🕔November 29, 2016
Fundamental Outlook: USD/CAD
Today’s London session has seen slight USD strength despite month-end flows expected to be USD negative and ahead of Preliminary GDP. The main mover, however, has been GBP with GBPUSD once again approaching 1.2500 and EURGBP below 0.8500.…
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👤Xinyang
🕔August 31, 2016
Fundamental Outlook: USD/CAD
Early in the Asia-Pacific session this week API Crude Oil Inventories saw an increase of 924K barrels, this follows from reports in yesterday’s New York session that Iran plan’s to increase its output by 4 million barrels per day by year-end.…
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👤Xinyang
🕔August 10, 2016
Fundamental Brief
Stocks of crude oil in the United States went up 1.055 million barrels in the week ended August 5th, 2016, following a 1.413 million increase in the previous week. It was the third consecutive rise while markets were expecting a 1.5 million drop.…
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USD/CAD: Oil back in red ahead of API data, US Economic data shines.
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👤Xinyang
🕔July 26, 2016
Oil drops ahead of API report. Both benchmarks resumed crude losing streak for the fourth consecutive session today. Currently, both benchmarks trade moderately lower, with Brent down -0.33% at $ 44.45, while WTI trades -0.68% at fresh three-month lows of $ 44.15.…
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USD/CAD: Uptrend intact after US active oil rig count rose
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👤Xinyang
🕔July 24, 2016
USD/CAD to fresh 2-month lows after Baker Hughes reported US active oil rig count rose last week. US oil rig count climbed 14 to 371 in the week ending July 16, marking the fourth consecutive week of increases.
“The pace of rigs coming online doubled week over week,” said Tyler Richey, co-editor of The 7:00’s Report, citing data Friday from Baker Hughes Inc.…
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