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Tuesday 11 October 2016

Strategy Video: Opportunity in Reconvergence of USD/CAD and Oil Price Correlation? Forex News by DailyFX

Published on Oct 10, 2016
Talking Points:

• Oil prices have extended a two week surge that started with OPEC's vow to curb their collective output
• Russia's suggestion that it too would join the cap on supply pushed the commodity up to a 15-month high
• The correlation between crude and USD/CAD has inverted recently - irregular occasions that eventual reconverge

Read the full article here:
https://www.dailyfx.com/forex/video/l...

#news
#Oil #OPEC #USDCAD
@JohnKicklighter

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