Forex news from US trading on November 27, 2014: OPEC leaves production quotas unchanged OPEC statement OPEC doesn’t even pledge to tighter compliance Russia warns of long-term weakness in oil prices Canada Q3 current account deficit $8.4B vs $11.2B expected … Continue reading
The US dollar is right near the top of the leaderboard today (with the oil producers at the bottom, unsurprisingly) It’s not a surprise to see dollar strength on any day in the current environment but it’s interesting today because … Continue reading
Happy Thanksgiving to all our US readers, here are some of the things that we’re most thankful for right now. 1. Volatility is back in the forex market. In the middle of the Summer there were some dark days for … Continue reading
USD/CAD as risen a full cent since the OPEC decision and is trading at 1.1340 after touching a one-week high of 1.1355. Canadian benchmark oil — Western Canada Select — is trading at $55.94 but oil prices there have been … Continue reading
There’s a media report from Diepress saying Russia may unilaterally cut oil output. Yesterday the CEO of Rosneft said there would be no cuts until $60/barrel. In any case, 200-300k barrels per day isn’t a huge amount of production falling … Continue reading
In the lead-up to the OPEC meeting, two things were happening. Analysts were saying OPEC would/should cut production and oil ministers from the key Persian Gulf countries were saying production would be unchanged. The headlines from the past two days … Continue reading
Down to 68.81 as I type and another case of suck ‘em in and spit ‘em out. Just when you though the market had made its mind up it sheds 4 bucks as quick as lightning. $68.36 the low now … Continue reading
ForexLive specializes in providing FX traders with live updates on all things Forex. Stay in touch with the forex news that matters from around the globe. Get regional information and economic data from the Americas, Europe along with Market Rumors that could move markets. Learn trading techniques from actual forex traders that have been in the trenches and have made a living watching the market to take advantage of fluctuations in currency pairs. Forex news can change how traders react and happens fast. Stay in real-time with ForexLive.com and bookmark this page to get news first. Find out what other traders in the regions you hold currency pairs our thinking by browsing our comments section and add your thoughts.