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Prior to launching ForexLive, Jamie Coleman spent nearly twelve years at Thomson Financial as managing analyst of the institutional forex product IFR Forex Watch. In 2007, he left the Forex Watch team to launch a retail forex-oriented site which became the popular Reuters FX Hub. FX Hub fell... More
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  • Oil Falls To Lowest Of 2012, Confirms Risk Off Theme 0 comments
    May 14, 2012 8:44 AM | about stocks: FXC

    WTI crude prices have been trading as a global growth proxy so today's fall below $95 is a reflection and confirmation that optimism is dwindling. Another growth proxy - copper - is down 1.95%

    The Chinese reserve ratio cut hasn't inspired confidence but rather underlined the slowdown and the technical picture in oil is increasingly negative.

    The correlation in CAD and oil has been relatively low recently but with both highly correlated to global growth, it seems inevitable that the USD/CAD (NYSEARCA:FXC) range will pop to the upside.

    http://www.forexlive.com/blog/2012/05/14/oil-falls-to-lowest-of-2012-confirms-risk-off-theme/

    Stocks: FXC
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