MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Decline in oil prices triggered a drop in the CAD's rate

analytics5e5388f1d6828.jpg

The main news this weekend is the spread of coronavirus outside of China which led to a drop in oil prices from $ 53 to $ 52. This is due to the concern of investors regarding the slowdown in the global economy and a decrease in global consumption of black gold.

analytics5e5390978593c.png

This led to a weakening of the Canadian dollar, as Canada is one of the largest suppliers of oil to the market, and the exchange rate of the American dollar against the Canadian dollar jumped sharply:

analytics5e5390ab45900.png

We have already made recommendations for buying this instrument last week, and the news confirms the correctness of the chosen direction. If you do not have time to cling to this movement, I recommend picking up this instrument from the pullbacks in longs, forming a common long position.

Have a successful trading and control the risks.

The material has been provided by InstaForex Company - www.instaforex.com