USDCAD rising likely due to rates expectations
I always keep the Oil chart along with my USDCAD chart. Growing oil price influences very positively Canadian Dollar and somewhat negatively US Dollar.
It is interesting to see this correlational influence dampened in favor of much stronger news regarding a potential rate hike.
I think there is a chance the oil market will be up for a short correction. Fundament hasn't changed but the sentiment seems overbullish and the growth rate is rather high for what I would expect.
If I am wrong about oil, USD still can grow, hence I see this as a relatively good opportunity.
It is interesting to see this correlational influence dampened in favor of much stronger news regarding a potential rate hike.
I think there is a chance the oil market will be up for a short correction. Fundament hasn't changed but the sentiment seems overbullish and the growth rate is rather high for what I would expect.
If I am wrong about oil, USD still can grow, hence I see this as a relatively good opportunity.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.