Canadian Dollar: USD/CAD (CAD=X) ongoing consolidation

Canadian Dollar: USD/CAD (CAD=X) ongoing consolidation Although we were anticipating volatility from CAD’s energy underlying, this time around oil prices dropped on the back of expected weakened demand following yesterday’s PMI miss, recovering mostly by the end of the session. And with the greenback outperforming early on, its price touched its 200-day moving average before retracing back down.…

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand Gold prices are trading at a more than one-week high as growth concerns spark renewed safe-haven demand for the yellow metal; however, one analyst isn’t convinced that the current rally can be sustained. December gold futures are…