SteveNixon

Trading Room Summary 31/03/20

FX:CADCHF   Canadian Dollar/Swiss Franc
China is going back to work and the stock markets are responding positively. We still need to be careful of a world recession but for now I'll be looking long and covering with stop losses. We could see a deal on oil production after Trump and Putin spoke about it. A reduction in output would at least hold oil prices at the current level or push them higher. CAD should get a boost from any rise in oil prices

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