It has been painful trying to pick a bottom of the US dollar against the Canadian dollar. Now a 4-5 point downtrend from the secondary high in late-January is being violated today. It is found near CAD1.2785 today. Intraday penetration is one thing, but some models may take the signal on a closing basis only.
Saudi Arabia has released details of its Vision 2030 – an immensely ambitious plan that Salman says will end the Kingdom’s dependence on oil by 2020.