Tag: OIL
Loonie in a descending Triangle
USDCAD, Daily
The Dollar majors have been plying narrow ranges in very thin conditions, with European centres remaining closed, along with Hong Kong and Australia,...
USOIL in the spotlight
WTI crude ended the week with modest losses, with Dollar strength prompting some pre-weekend position paring. The front-month contract bottomed at $63.52, after peaking...
Extended but not topped
WTI ended the week on fresh 5-month highs, peaking at $63.27 so far, and up nearly 2%. The contract has been in rally-mode since...
EURCAD: Could the 2-day rally be just a correction?
EURCAD lifted to a two-session high at 1.5007, which is about 18% up on the 8-week low seen yesterday. A sharp 3%-odd dive in...
Dollar down as risk appetite rises
Risk-on returns as the new trading week begins. A softer greenback lifted equities in Asia but European markets remain flat. The USA is closed...
Oil has reversed 38.2% of its Q4 losses
WTI crude got a boost from the strong US Jobs report, which was accompanied by several other upbeat reports. The jobs report has alleviated some of...
