bounce off 21-day EMA as WTI refrains from extending latest recovery.
Among many other
reasons like WTI pullback and Friday’s downbeat jobs report from Canada, doubts
over the US-China September month trade negotiations have recently been
troubling traders of the commodity-linked currencies like the Canadian Dollar
On Friday, the Loonie
failed to portray the market impact of the unexpected increase in Unemployment
Rate and slump in Employment Change figures from Canada. The reason could be
WTI rise that took hints from declining inventories at Europe and the Bloomberg
news that Saudi Arabia is trying to balance the oil market.
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