Daily Archives: May 30, 2010

There are going to be two factors to watch out for when it comes to the USD/CAD in the next couple of weeks.  It’s likely that it will be a tug of war between oil prices and the European financial crisis, more specifically Greece.  A classic battle of bulls and bears.

The price of oil is inching upward on positive economic data showing signs of a slow but sustained recovery.  This is compounded by the fact that Asia will continue to consumer more and more oil as it ramps up production in anticipation of a global recovery.

This rise … Read more at Forex Trading System Central