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Tag: oil

Two Trades to Watch: DAX and Oil Outlook

DAX and Oil Outlook

DAX Resilient Despite Manufacturing Weakness Despite losses in the previous session, the DAX index is poised for a mildly positive start as investors assess the latest data from Germany. Industrial production in Germany increased by 0.3% month-on-month in April, recovering from the 3.4% decline in March. However, concerns persist as recent German manufacturing PMI data […]

Canadian Dollar Weakening Despite Strong Crude Oil Prices: USD/CAD Price Forecast

canadian dollar

Fundamental Background of the Canadian Dollar The Canadian dollar’s performance is closely tied to the ongoing negotiations regarding the US debt ceiling, which has resulted in increased support for the US dollar (USD). Additionally, the recent rally in crude oil prices has somewhat limited the upside potential for USD/CAD bulls before the start of the […]

Economic Risks Darken Demand Outlook for Oil Prices

panoramic shot oil rigs sea with beautiful sunset scaled 1

Crude oil prices have fallen to their lowest level since March 24, dropping more than 11% since the start of the month, according to DailyFX.com. WTI futures are down 5% in early afternoon trading in New York, indicating that bears are in control of the market. Traders fear that the US economy is headed for […]

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