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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (10023)	11/4/2014 8:42:03 AM
From: Goose94	Respond to of 202710

Oil Dropping 3% Pushing $Cad To 2009 Levels Major headlines came in many forms overnight. Some of the main ones were oil down to a 4-year low, dropping more than 3% on Saudi Arabia cutting prices for the U.S. and technical StopLosses going through. Feels like a price war going on vs. the U.S. shale gas. This is weighing on the CAD, which currently is trading at levels last seen in 2009. The European Commission dropped its growth forecast for GDP and inflation for 2015-2016. GDP is down from 1.7% to 1.1% and they don’t see inflation pick up before 2016 with 1.5%, which remains well below their target of 2%. The situation in Europe is not changing to the better. Massive retail sales number in Australia with 1.2% vs. 0.3% for September, which pushed the Aussie higher, retracing a bit of yesterday’s debacle. The RBA also maintained its rate at 2.5% and dropped the “AUD remains historically high” language.