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.
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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