Oil Price Drops as Fears Over Eurozone

oil.jpg

Technical Analysis Daily Majors & Minors • Analysts at TD Securities explained that the USD/CAD’s week is likely to go down negatively on the medium and longer-term charts. But will this actually happen? • GBP/USD is trading at 1.6117, down -0.31% on the day, having posted a daily high at 1.6228 and low at 1.6104. Will this trend continue today?

Quick Daily update • The return of worries over global growth prospects sends the oil price and US shares tumbling in their biggest drop of the year. • Venezuela must pay oil giant Exxon Mobil $1.6bn (£1bn) in compensation for assets expropriated in 2007, says a World Bank panel. • London shares close at their lowest level for a year and the oil price drops as fears over eurozone growth resurface. • Thousands of people will receive a second tax statement from HM Revenue and Customs (HMRC) after their first estimate was miscalculated.

Daily News To Watch Friday 10th October 2014 Previous Forecast Actual 13:30pm Unemployment Rate 7.0% 7.0

By Nikhil Pankhania

Senior Market Analyst & Trader

Featured Posts
Recent Posts
Archive
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
Search By Tags

 

The information and content held within this website has been created by Forex Masters and are for educational purposes only. Forex or stock trading has no guarantees. There are many factors including general economic conditions that can have an impact on your investment and past results are not indicative of the future. Spread betting and CFD's can put your money in jeopardy, as the financial or stock markets can move quickly and go up and down against your investment. Invest with capital which is reasonable to you as the investment may fail meaning you lose it plus have to pay additional money. Spread betting is not for everyone, so make sure you fully know the risks and get guidance from a professional trader if required.

 

Risk warning: Trading Foreign Exchange (Forex) and Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all of your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience.

 

© 2015 by FOREX MASTERS