Canadian Dollar: USD/CAD (CAD=X) forming a rising wedge trading pattern

Canadian Dollar: USD/CAD (CAD=X) forming a rising wedge trading pattern The USD/CAD pair marked the daily opening on Monday near 1.3170 level with a Doji Candlestick formation, generating a trend reversal price action. However, the bears could drag the Loonie pair only up to 1.3158 level. From there, the bulls grabbed the opportunity to uplift the pair, making it…

United States Oil (USO) higher after stronger-than-expected US economic data brightened the crude demand outlook

United States Oil (USO) higher after stronger-than-expected US economic data brightened the crude demand outlook Oil prices inched up on Friday, ending the week higher after stronger-than-expected US economic data brightened the crude demand outlook and concerns over the safety of oil transport around the Strait of Hormuz threatened supply. Brent crude futures settled at…