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August 13, 2018

Oil and CAD Correlation Explained

If there’s a commodity that changed the world we live in, that’s oil. Since its discovery, oil shaped up industries disrupted businesses and was the source of the progress we now take for granted. Many associate oil with the driving industry only. In a way, it is normal. Because automobiles are [Read more...]

GBP/USD Could Recover and USD/CAD Remains in Uptrend

GBP/USD declined heavily and broke the 1.2800 support. On the other hand, USD/CAD remains in an uptrend above the 1.3100 support. Important Takeaways for GBP/USD and USD/CAD The British Pound dropped significantly and broke the 1.2800 and 1.2760 supports. There is a major bearish trend line and [Read more...]