With the US economy in the spotlight thanks to speculation that bond markets are signaling a recession in 2020, crude oil prices are losing ground once more.
With the US economy in the spotlight thanks to speculation that bond markets are signaling a recession in 2020, crude oil prices are losing ground once more.
USDCAD losses in recent days have coincided with an uptick in crude oil prices. Will they continue?
A larger than expected build in crude oil inventories is dragging down oil prices, and in turn, the Canadian Dollar.
A return into a consolidation can underpin a “false breakout,” which, if so, may mean that Gold prices may have more room to run higher.
Even as the US Dollar presses a breakout attempt at fresh yearly highs, Gold prices have stabilized in recent days. Is the downturn over?
Recent changes in positioning suggest that, if a triangle breakout occurs, it would likely be to the downside.
Gold prices may see further gains as US Treasury yields continue their break lower in the near-term.