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May 19, 2017 Oil And Loonie has been pushing up all week.

May 19th, 2017

Oil continues to push up, .84% right now.  Our Futures are up .20%. Shanghai Futures was positive even with news that Hong Kong will get additional property restriction. Canada today will be getting core CPI and core Retail Sales data, with the Loonie being on fire this week. I would expect profit taking will be taken on the loonie when data shows that the Canadian CPI pushed up. This should also move down the Oil price when Loonie sells. Still, though this market is on pins and needles over the Political Issues (US, Brazil and even Iran will be having elections). So we are at it’s mercy.

May 2017