Crude is cornered, but where is CAD?

Yohay Elam FXStreet

Oil prices are falling and OPEC is worried. What’s the story? We reveal some interesting details. And with the fall of oil, why is the Canadian dollar so strong? We discuss crude and CAD before previewing the last week of June.

Crude crumble: The price of oil tumbled down and over-supply is the main culprit. We show that it is not the only factor responsible for the spill, analysing all the factors behind the crash.
Canadian courage: The Canadian dollar did lose some ground on the price of oil, but it is only a small correction in comparison to the uptrend. What factors move oil prices? We examine.
Preview: Things are warming up after a quiet week: a speech by Janet Yellen, final US GDP data and durable goods orders are all spread out as the first half of 2017 draws to an end.

Listen to the podcast here:

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.