Oil was the USD/CAD’s mirror image this week. The inversion kept perfect time with the USD/CAD rising every day West Texas Intermediate (WTI) fell and fading whenever it recovered. From Monday to Friday WTI lost 1.2%, opening at $61.48 and finishing at $60.75 and the USD/CAD gained 0.6%. It started the week at 1.2500 and completed trading at 1.2577. Resources and raw materials are an important aspect of the Canadian economy but it is hardly a one commodity export enterprise like some of the nations in the Middle East or even Russia. The unusual perfect correlation was due to the lack of competing inputs. The year … (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.