StockBoardAsset
Short

CADUSD SINKS, DOLLAR UP, & WTI NEEDS A SHRINK

TVC:USOIL   WTI CRUDE OIL
18 0 1
In past few sessions, the DXY             has advanced +150bps on the back of Fed Fischer’s comments. In return, CAD/USD pair is under-pressure now probing in the mid-.76 handle. A stronger dollar will weaken foreign purchasing power, thus sending WTI under pressure. Such Forex moves could have a negative impact on Spot WTI pricing indicating resistance is stronger than anticipated at such levels.

Read more: http://stockboardasset.com/insights-and-research/cadusd-sinks-dollar-wti-needs-shrink/
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