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Kamis, 02 Juni 2016

Forex technical analysis: USDCAD moves higher on lower oil

OPEC does not include output ceiling…

The OPEC meeting is over and there was no mention of a output ceiling in communique. So oil price have moved lower – reaching a low at $47.95. The price is currently trading back up at $48.13.  Expect more headlines from ministers and movements from the ups and downs in oil to follow.





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