Loonie slumps, driven by low oil prices

Note: This section contains information in English only.
Source: WBP Online
The Canadian Dollar fell against its American counterpart, following another session of oversupply-driven decline in oil prices, while the Greenback strengthened ahead of the FOMC meeting. The Loonie dropped below $1.295 by 09.50 AM GMT, staying close to 2004 low. Considering the global glut in oil supply and possible rate hike in the US, the Canadian Dollar will continue to stay under the pressure.
Back to articles

Actual Topics

Wed, 29 Jul 2015 13:38:14 GMT

Sterling holds gains as mortgage approvals rose in UK

The pound jumped against the US Dollar after the BoE report showed that the number of mortgage approvals increased more than were anticipated in June. The Cable climbed to $1.5640 by 10:30 AM GMT, rebounding from 0.2% drop earlier. Meanwhile, the BoE's report, following yesterday's data on 0.7% growth in Britain's economy in second quarter, added to speculations on possible

Wed, 29 Jul 2015 13:16:04 GMT

US futures slightly higher ahead of FOMC meeting

US stock futures were marginally higher on Wednesday ahead of the Federal Open Market Committee's statement on economy and hints on rate hike timeline. The S&P 500 futures edged 0.1% higher to 2,090.25 points, the NASDAQ 100 Index rose 0.2% to 4,565 points, while the Dow Jones Industrial Average added 0.2% to 17,580 points by 9:25 AM GMT. 

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.