Although there has been a disconnect between oil prices and the Canadian dollar, traders are starting to realize that sooner or later the move higher in oil prices is too big to ignore against the CAD. Oil has moved over 40% higher while the USDCAD has only moved 3%, the gap is too big.
Currently Close Range
USDCAD 1.3333 1.3383 1.3313-1.3388
EURCAD 1.5071 1.5061 1.5051-1.5101
GBPCAD 1.7447 1.7467 1.7416-1.7494
Prior Actual
US: Consumer Sentiment Apr 98.4 96.9
Yesterday, the Federal Reserve stated that it was rapidly reducing the amounts of its monthly bond purchases. The Fed will be buying $60 billion of bonds each month starting in January, half the level prior to the November taper and $30 billion less than it had been buying in December. Once the bond purchasing program […]
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By MoneyWay
The Federal Reserve will announce no rate change but will announce that its tapering will close off a lot quicker than they even thought two months ago. Inflation is sticking around a lot longer than expected and now central banks around the world will follow suit after the FED. Since this is fully anticipated market […]
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Markets generally are unchanged as investors continue to digest what exactly is going on with the Omicron variant, there are reports out of South Africa that it has already peaked and is subsiding, whether this is just the South African government trying to talk it down remains to be seen. Not sure if we should […]
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