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The price of oil has been under pressure since mid 2014. The risks on the price remain to the downside with no end in sight to the current turmoil. Chart 1 below shows daily chart of Brent Crude in USD in the Period November 2014 to October 2015.
Chart 1: Daily chart of Brent Crude
As is evident in the Chart 1, the price of oil has taken a battering over the past months. From a high of USD115 per barrel in June 2014, the price of oil had fallen USD86 by the 1st of November 2014 and has since fallen to USD 49.4 on the 30th of October 2014. The article,The Oil Story has an in-dept look at the fundamentals behind the fall in the oil prices.
The fall in the oil prices has had a negative impact on growth, inflation and inflation expectations across the globe. This article looks at some of the most traded currencies that have come out worse due the falling oil prices.

1. The Russian Ruble (RUB)

  • The economy
The Russian economy relies heavily on energy revenues to drive growth. The country has an abundance of natural resources, including oil, natural gas and precious metals, which make up a major share of Russia's exports. As of 2012 the oil-and-gas sector accounted …
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anna_n avatar
anna_n 18 Nov.

so good!

williamb avatar
williamb 20 Nov.

very interesting article

laxmi avatar
laxmi 24 Nov.

great job

foreignexchange avatar

great article
do you study also  the gas ?

llolor avatar
llolor 27 Nov.

foreignexchange  I haven't looked at gas mainly because i cannot trade it at the moment. However it is an interesting prospect and i will begin to analyse it too.

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1.0 Introduction - Canada Economy
In terms of volume of trade it is among the top ten countries in the world. The economy in Canada is mixed. Since the early 1990s, the Canadian economy is growing fast, with low unemployment rates and surpluses at the federal level. Today, Canada resembles the US in market-oriented economic system, model production and a high standard of living.
In February 2009, the national unemployment rate was 7.77%. The provincial unemployment rate varies from a low of 3.6% in Alberta to a high of 14.6% in Newfoundland and Labrador.
In the past century, the growth of industry, mining, and service sectors has transformed the country mainly rural economy in a predominantly industrial and urban land. As in all wealthy countries, the Canadian economy dominated by the service sector, which employs about three quarters of Canadians. However, Canada is unusual among developed countries on the importance of the primary sector, as the wood and oil industry two the most important industry in Canada.
Canada is one of the few developed countries, which is an exporter of energy. Canada in the Atlantic Ocean has huge reserves of natural gas, and oil and gas deposits are con…
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WallStreet6 avatar

Nice to learn some facts about the Canadian economy

khalidam avatar
khalidam 28 July

Excellent work.

pipericky avatar
pipericky 28 July

Very nice article.

monjurul avatar
monjurul 30 July

Divergence shows everything. Good work.

raulafx avatar
raulafx 30 July


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