Trump’s concerns that oil prices are moving too high, reiterated his call for higher production levels, it is safe to say that both Russia and OPEC will ignore his comments as both are in dire need of a constant flow of funds. He has made requests in the past which been heeded to an extent, but with U.S. shale production impacting oil imports, this time his tweet is falling on deaf ears. Oil analysts believe that prices will move back up once this has blown over.
Currently Close Range
USDCAD 1.3415 1.3409 1.3397-1.3440
EURCAD 1.5077 1.5077 1.5049-1.5114
GBPCAD 1.7560 1.7688 1.7542-1.7717
US: Gross Domestic Product Q4/18 2.6% 2.2%
Jobless Claims wk3/23 216K 211K
Pending Home Sales February 4.3% -1.0%