Jittery
If yesterday showed us one thing, it’s that traders on financial markets are jittery and those jitters create opportunities.
Rumours of an agreement between Saudi Arabia and Russia to cut crude oil production was enough to send prices soaring close to 7% during the session and drove the USD/CAD pair down 200 points to end the day close to $0.71. One can only imagine what the scope of the reaction would be if a real agreement were to become a reality one day! Buyers certainly took advantage of this strengthening of our currency to some extent.
The Federal Reserve will announce its key rate decision at 2 p.m. today, meaning other opportunities could arise and orders are a good way to take advantage of them.
