Free no deposit Bonus Forex
Thursday, 23.05.2019, 05:56
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest
Statistics

Total online: 1
Guests: 1
Users: 0
...
Main » 2019 » May » 16 » How to make money in the forex market today? Trading Ideas Forex traders 16.05.2019: USDCAD upside potential is not yet exhausted
12:36
How to make money in the forex market today? Trading Ideas Forex traders 16.05.2019: USDCAD upside potential is not yet exhausted

article33233.jpg

Trading session on Wednesday, contrary to expectations, has been quite successful for the Canadian dollar. At closing, the USDCAD pair has retreated from one-week high, again returning to the support of 1.34. Interest in the Canadian dollar was due to the local recovery of oil prices and optimism about the abolition of US tariffs on metals in Canada.

 

 

AMarkets

 

 

US Treasury Secretary Steven Mnuchin eve noted that "the United States are close to resolving a dispute over tariffs on steel and aluminum with Canada and Mexico, senior officials from the US and Canada have already met to discuss trade issues." Market participants have suggested, even if a new trade agreement between the US, Mexico and Canada have not ratified, the United States and Canada will be able to find common ground on trade issues. Given that the US accounts for 75% of all Canadian exports, it is clear that it is in the interest of both countries. Nevertheless, in spite of the local strengthening, "Canadian" retains the potential to weaken. According to the data released earlier core CPI value in Canada annualized decreased from 1.6% to 1.5%. Such dynamics of core inflation reflects the problems with consumer activity in the domestic market. Under such circumstances, the Canadian regulator will have to come back to the issue of lowering rates. Today at 18:15 GMT will be the speech of the Bank of Canada's runners, during which he may well hint at the still open question of further easing of monetary policy, especially in the continuing uncertainty in the field of foreign trade.


USDCAD BuyLimit 1,3420 TP 1,3580 SL 1,3380


Brent crude during the trading session on Wednesday topped $ 72 per barrel. Fears of market participants that the escalation of tensions in the Middle East will lead to supply disruptions, leveled a negative impact on data rates of growth in the US oil reserves. Energy Information Administration (EIA) US Department of Energy reported an increase in commercial oil reserves at 5.4 million. barrels to 472 million. barrels, the highest since September 2017. Total reserves of US crude oil and petroleum products also increased dramatically, up to 19-month high of 1.27 billion. Barrels, while US oil production decreased by 100 thousand. Barrels per day to 12.1 million. Barrels per day. The absence of sales against the background of these data can also be explained readily traders ignore the statistics on stocks because of the approach of the summer season, when gasoline demand in the United States generally increases. Usually, summer significantly increased workload refineries that can eliminate surplus stocks. On Wednesday, the focus of the oil market as were data from the International Energy Agency (IEA), according to which the world oil supply fell in April due to lower production from Iran due to US sanctions. Total world supply declined by 300 th. Barrels per day compared to the previous month, to 99.3 million barrels a day. Against this background, the likelihood that OPEC + country would not renew the agreement on oil production in the second half is even higher. Taking this into account, the reduction of oil can be resumed. according to which the world oil supply fell in April due to lower production from Iran due to US sanctions. Total world supply declined by 300 th. Barrels per day compared to the previous month, to 99.3 million barrels a day. Against this background, the likelihood that OPEC + country would not renew the agreement on oil production in the second half is even higher. Taking this into account, the reduction of oil can be resumed. according to which the world oil supply fell in April due to lower production from Iran due to US sanctions. Total world supply declined by 300 th. Barrels per day compared to the previous month, to 99.3 million barrels a day. Against this background, the likelihood that OPEC + country would not renew the agreement on oil production in the second half is even higher. Taking this into account, the reduction of oil can be resumed.


UKOIL SellStop 71,80 TP 68,20 SL 72,30


Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author Artem Deev trader analyst AMarkets.

 

 

Views: 17 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
WELCOME 35USD
Calendar
«  May 2019  »
SuMoTuWeThFrSa
   1234
567891011
12131415161718
19202122232425
262728293031
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2019-2012
    Website builderuCoz