Dec 02


  • BY: Donal Kelly
  • December, 02nd, 2015 12:51 +00:00

Good afternoon,

With the US session about to get underway we saw that Oil Prices could continue to decline on Chinese growth figures and markets expect that OPEC are most likely to decide they will not cut their output, amid fears of losing market share to Russia and North America, when they meet in two days time. USOIL trading at $41.95 per barrel. The Bank of Canada Interest Rate decision is another item on the agenda this session. The rate is expected to remain unchanged at 0.5% USDCAD trading at 1.3371 ahead of the announcement and press conference.

I hope you all have a nice evening.