{"id":112005,"date":"2017-09-01T01:49:37","date_gmt":"2017-09-01T05:49:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=112005"},"modified":"2017-09-01T01:49:37","modified_gmt":"2017-09-01T05:49:37","slug":"cad-and-oil-rebound-in-tandem-commodities-ended-august-on-a-positive-note-1-9-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/cad-and-oil-rebound-in-tandem-commodities-ended-august-on-a-positive-note-1-9-2017\/","title":{"rendered":"CAD And Oil Rebound In Tandem; Commodities Ended August On A Positive Note 1-9-2017"},"content":{"rendered":"
September 1, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

Greenback Rallied Then Reversed<\/strong>.\u00a0<\/strong>The U.S. currency was off to a good start as headlines contained several positive updates for the economy, but end-of-the-month profit-taking eventually took hold after US Treasury Secretary Mnuchin tried to talk the dollar down noting that a lower US Dollar is good for US trade.<\/p>\n

CAD\u00a0<\/strong>Takes A New Run.\u00a0<\/strong>The Loonie was the big winner for the day as monthly GDP release came out stronger-than-expected, getting an extra boost from higher oil and lower USD. Market watchers seem to be buzzing about another Bank of Canada interest rate hike.<\/p>\n

Gold Rallied Up Off Of $1,300<\/strong>.\u00a0<\/strong>US Treasury Secretary Mnuchin speech sparked a rebound in gold up off of $1,300 back toward $1,320 and enabled EUR and GBP to cut early losses.<\/p>\n

Oil Turning Sharply Upward<\/strong>.<\/strong>\u00a0Crude oil ticked higher on reports of lower natural gas storage levels and an expected surge in gasoline demand during the U.S. Labor Day long weekend.<\/p>\n

Watch Out Today For:\u00a0<\/strong><\/p>

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12:30 pm GMT: USD Nonfarm Payrolls\u00a0<\/strong><\/p>\n

14:00 pm GMT: USD ISM Manufacturing PMI<\/strong><\/p>\n

By MEX Group Team<\/strong><\/p>\n

The post CAD And Oil Rebound In Tandem; Commodities Ended August On A Positive Note 1-9-2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com Greenback Rallied Then Reversed.\u00a0The U.S. currency was off to a good start as headlines contained several positive updates for the economy, but end-of-the-month profit-taking eventually took hold after US Treasury Secretary Mnuchin tried to talk the dollar down noting that a lower US Dollar is good for US trade. CAD\u00a0Takes A New Run.\u00a0The […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-112005","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=112005"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112005\/revisions"}],"predecessor-version":[{"id":112006,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112005\/revisions\/112006"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=112005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=112005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=112005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}