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The Case For The Range Bound Oil Price

Over the last 5 month the prices for oil dropped by about 40% leaving many market commentators with anticipations of further drop. Albeit there is no laws of nature that prohibit another leg down, this scenario seems to be of low probability. The reasoning behind this rather bold prediction lies in the realm of the fundamental forces shaping the trends for the price of oil.
As any other other price, set in the free market place, the oil price is subjected to two fundamental forces – demand in t…
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The bright future for CAD

Since the early beginning of 2012 the Canadian dollar has been in firm grips of bears – over the last two and half years it had shed 18% of its value against USD. Apparently the trend is about to change – the main fundamental reason, justifying this trend reversal, is setting in before our eyes. The main reason behind this rather optimistic statement seems to be obvious – CAD is the commodity currency that is highly correlated with the price of oil. The latter, falling rather sharply for the las…
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VictoriaVika avatar

Good luck and Green Pips :)

verindur avatar
verindur 19 Nov.

Thank You for some key info. )))))

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Macroeconomic Data, Oil and Canadian Dollar

Canadian dollar has been in a down trend for 5 weeks now – it has lost about 3% against USD, JPY and
about 1.5% against EUR over this period of time. This is not a lot by historical standards but in this day of age – in times of very low volatility for almost all classes of traded assets – one can talk about the trends despite of their seeming insignificance in absolute terms.
Poor employment data releases in July and August lead to sell-offs on Fridays, that account for the most of the losses…
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