USD/CAD and Energy Correlation

Date 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?)
Trading analysis: S&P500 and USD/CAD.
Bloom Energy IPO?
Bloom Box: Energy Breakthrough or Hype?
Read more on Loonie (USD/CAD), Energy, Oil at Wikinvest

One Response to “USD/CAD and Energy Correlation”

  1. Margaret said:

    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

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