-
USDCAD: To Infinity, and Beyond!
Another day, another new multi-year low in oil: both WTI and Brent have started the trading week on the back foot, declining to new nearly 6-year lows at 46.50 and 48.25 respectively. There wasn’t a specific economic catalyst for the drop in oil; instead downgrades from major international banks drove oil prices lower. Goldman Sachs cut its 2015 forecast for oil prices down to $47.15/barrel, down from $73.75 previously, while Société Générale cut its forecast to $55 from $70 previously. Of course, the question of why traders are influenced by volatile and unreliable bank forecasts is beyond the scope of this ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 12, 2015 10:00am Jan 12, 2015 10:00am
- csubbra
- | Joined Oct 2012 | Status: PA to Warren Buffet | 12 Comments
- Comment #2
- Quote
- Jan 12, 2015 10:16am Jan 12, 2015 10:16am
- Bakker
- Joined Jun 2011 | Status: Member | 3254 Comments
- Comment #3
- Quote
- Jan 12, 2015 10:55am Jan 12, 2015 10:55am
- Guest
- | IP XX.XXX.32.47
- Comment #4
- Quote
- Jan 12, 2015 11:28am Jan 12, 2015 11:28am
- Ivanqus
- | Joined Sep 2013 | Status: Member | 6 Comments
- Comment #5
- Quote
- Jan 12, 2015 4:36pm Jan 12, 2015 4:36pm
- mdrive
- | Joined Aug 2010 | Status: Intraday Swing Trader | 45 Comments
- Comment #6
- Quote
- Jan 12, 2015 6:03pm Jan 12, 2015 6:03pm
- toncuz
- | Joined Oct 2014 | Status: Member | 14 Comments
- Comment #7
- Quote
- Jan 12, 2015 7:24pm Jan 12, 2015 7:24pm
- roger44
- Joined Sep 2014 | Status: Member | 614 Comments
- Comment #8
- Quote
- Jan 12, 2015 7:43pm Jan 12, 2015 7:43pm
- ZebraSquirl
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 299 Comments
Fireworks are fun ... as long as you don't blow your fingers off.
- Comment #9
- Quote
- Edited 9:55pm Jan 12, 2015 9:40pm | Edited 9:55pm
- Paineboy
- | Joined May 2011 | Status: Member | 19 Comments
- Comment #10
- Quote
- Jan 12, 2015 9:49pm Jan 12, 2015 9:49pm
- Bakker
- Joined Jun 2011 | Status: Member | 3254 Comments
- Comment #11
- Quote
- Jan 12, 2015 9:51pm Jan 12, 2015 9:51pm
- Paineboy
- | Joined May 2011 | Status: Member | 19 Comments