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USD/CAD Loonie Flat After Volatile Oil Price and Soft Manufacturing

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Oil Headed to $40 Before Recovering to $42 Lifting USD/CAD The Canadian dollar had a rough start to week with the release of the Canadian manufacturing sales report coming in below expectations. Forecasts called for a 0.3 percent growth given the weak currency, but sales of manufactured goods fell by -1.5 percent in September. Last month sales dropped by -0.2 percent in what could be a negative trend for the Canadian economy. The USD/CAD will end the trading day flat at 1.3331, but most of the

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