USD/CAD and Energy Correlation
July 1, 2009
It is no secret that Canada owns one of the world’s largest oil reserves. There it is logical to assume that USD/CAD would be correlated to oil prices. We have shown the results of this study often and even showed a recent chart illustrating the correlation no FX30.com (Oil and USD/CAD chart).
However, here is another correlation that you may find interesting. USD/CAD has a nice positive relationship with the energy sector ETF which makes logical sense. So if you are trading USD/CAD, make sure you keep an eye on the ETF for any anomalies.
More on this topic
(What's this?)
America: Energy Self-Sufficient By 2030
(Wall Street Daily, 1/23/12)
The Ultimate Fate of the Keystone Pipeline
(Money Morning, 1/23/12)
2012 Oil Price Outlook: How to Profit From $150 Oil
(Money Morning, 1/6/12)
Posted in Uncategorized
content rss
September 3rd, 2009 at 10:19 am
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Margaret
http://cardrawing.net
March 23rd, 2010 at 1:55 am
[...] 8.USD/CAD and Energy Correlation | Kathy Lien USD/CAD – US Dollar Canadian Dollar … All stock prices, indexes, futures and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. [...]