Fundamentals for the Upcoming Week

Knowing what to expect in terms of news events for the week is crucial when trading as it gives you more insight into the market direction with the specific pairs you are trading. US and China postponed trade talks that were planned for the weekend past. They were supposed to review the progress made onContinue reading “Fundamentals for the Upcoming Week”

USDCAD – USOIL Daily Closure Above $40

Welcome traders to yet another AspireFX blog, today we’ll be looking at USDCAD. Since we recently had USOIL closing above $40 on the daily time frame, let us look at what affect that has had on USDCAD. Looking at USDCAD on the 4 hour time frame, can see that we are currently in a risingContinue reading “USDCAD – USOIL Daily Closure Above $40”

USD/CAD and USOIL – Update

Welcome to another blog by Aspirefx. USDCAD went on to print new lows this past week, closing below 1.34000 a few times which from a technical aspect suggested further downside movement however from a fundamental perspective the fears of the impact the second wave of corona virus are rising as well as the swift implementationContinue reading “USD/CAD and USOIL – Update”

USOIL – Price Hits $0.00 & Even Further Below

USOIL has presented us with a modern day black swan as of yesterday with prices crashing through the floor of $0.00, with the lowest chart reading of $0.01 and contracts reaching roughly -$40 per barrel. For those of you who don’t know what a black swan is, it is an event with the 3 followingContinue reading “USOIL – Price Hits $0.00 & Even Further Below”