Since November 2nd, the USD/CAD has moved from 1.3350 to today’s low near 1.2688. During that that same period, West Texas Intermediate has moved from a low of 33.62 to today’s high hear 48.57. Crude oil is one of Canada’s largest exports, so it’s not surprising to see that the two instruments are correlated. The bottom of the daily USD/CAD chart below shows the current correlation between WTI and the Canadian Dollar. USD/CAD and Crude Oil are negatively correlated, meaning that when one instrument moves higher, the other moves lower. The current correlation between USD/CAD and WTI is -.87. For reference, … (full story)
We accept
More payment methods coming soon…
“CMX MARKETS” Ltd does not accept clients from the following jurisdictions: Afghanistan, American Samoa, The Bahamas, Botswana, Democratic People’s Republic of Korea, Ethiopia, Guam, Iran, Iraq, Libya, Pakistan, Panama, Puerto Rico, Samoa, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, US Virgin Islands, USA and Yemen.
Risk Warning: Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved.
Office: Republic of Moldova, mun. Bălți, str. Dostoevschi, nr. 12, tel: +373 (231) 84 012
Secured By SSL.
Copyright © CMXMarkets. All rights reserved.