USD/CAD Continues to Depreciate as Saudis Vows to Cap Production

With the Dollar continuing to sell off and Crude climbing new grounds, we may see further depreciation with the USD/CAD as the Saudis vow to cap production levels. This pair is already down 700 pips from last month and may continue to decline if Crude continues to appreciate.


Let's see how the dice roll....

USDCHF Maybe a Perfect Setup as Gold Touches Key Support

The USDCHF retreated from Key Resistance around .9675 today as Gold prepares to swing before NFP (non-Farm Payrolls) Friday. A strategic order at Key Resistance with a stop above the next key level may get the ball rolling as this pair is set for further depreciation.