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Main » 2018 » December » 4 » Trading Ideas tre then Providers and investors today 12/04/2018
12:08
Trading Ideas tre then Providers and investors today 12/04/2018
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USDCAD develops a downward trend the second consecutive day. By 10:00 the pair is quoted at 1.3175 The demand for the Canadian dollar due to several factors.

 

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First, support is provided by the growing oil inspired by the potential solution to reduce the volume of production by OPEC, which may be adopted before the end of this week. It should be noted that oil production will decline and in Canada itself. This was reported by the Government of Alberta Canadian oil, which immediately affected the value of Western Canada Select: the difference in price to WTI decreased from $ 29 to $ 21 on Friday. In October it reached $ 52. This significant growth of the main export product of Canada and has caused local strengthening of the national currency. Secondly, on the side of statistics buyers. Published yesterday, data on the index of business activity in the manufacturing sector PMI for the last month indicated the index to rise to 54.9 from 53.9. Another strong report could be an additional argument for the Bank of Canada, speaking in favor of the readiness of the national economy to raise interest rates further. Recall, the Canadian regulator meeting will be held tomorrow. Most experts believe that rates will remain unchanged at 1.75%. However, even despite the lack of change, the "Canadian" is an occasion for growth. This may contribute to the rhetoric of the Bank of Canada, signaling the inevitability of monetary tightening in the first quarter of 2019. Against this background, the pair USDCAD will get a chance to test the support at 1.31. This may contribute to the rhetoric of the Bank of Canada, signaling the inevitability of monetary tightening in the first quarter of 2019. Against this background, the pair USDCAD will get a chance to test the support at 1.31. This may contribute to the rhetoric of the Bank of Canada, signaling the inevitability of monetary tightening in the first quarter of 2019. Against this background, the pair USDCAD will get a chance to test the support at 1.31.


USDCAD SellLimit 1,32 TP 1,3050 SL 1,3240


Oil quotes continue to grow at a general improvement in market sentiment. Market participants anticipate OPEC meeting, scheduled for 6 December. traders' optimism is clearly increased after Russian President Vladimir Putin said that he and the Saudi Crown Prince Mohammed Bin Salman agreed to extend the agreement to reduce oil production. However, such sentiments are not shared by all. In particular, according to the representative of Iran in OPEC Kazempura Ardebili, OPEC countries need to + reduce oil production by at least 1.4 million. Barrels per day in order to avoid the accumulation of surplus stocks. Otherwise, the oil price risk to fall below $ 40 per barrel. It should be noted that the probability of a lack of agreement is indeed high. On the eve of the Minister of Qatar Fuel reported that in January 2019 the country coming out of OPEC. Despite the fact that Qatar produces approximately 600-650 thousand. Barrels per day, or less than 2% by volume of OPEC, the precedent indicating unavailability Qatar to further reduce oil production. OPEC's decision to leave may well take and other smaller players in the Middle East cartel. Support oil and has a Sunday Alberta Government decision to reduce production by 325 th. Barrels per day. Potentially this measure to temporarily reduce the volume of production by 8.7%. Given this news background, we recommend making a bet on short-term purchases of crude oil. OPEC's decision to leave may well take and other smaller players in the Middle East cartel. Support oil and has a Sunday Alberta Government decision to reduce production by 325 th. Barrels per day. Potentially this measure to temporarily reduce the volume of production by 8.7%. Given this news background, we recommend making a bet on short-term purchases of crude oil. OPEC's decision to leave may well take and other smaller players in the Middle East cartel. Support oil and has a Sunday Alberta Government decision to reduce production by 325 th. Barrels per day. Potentially this measure to temporarily reduce the volume of production by 8.7%. Given this news background, we recommend making a bet on short-term purchases of crude oil.


UKOIL BuyLimit 62,10 TP 64,50 SL 61,50


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

 

 

 

Views: 13 | Added by: mik | Tags: brent ukoil USDCAD Artem Deev oil f, traders how to trade, ideas traders, forex trading, trading ideas forex, torgovye_idei, trading ideas | Rating: 0.0/0
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