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Forex News and Rumors

Oil Prices Push Higher as Tensions in Mid-East Grow

Oil prices have surged 14 percent since Friday to nearly $40 a barrel as investors worry that continued fighting between Israel and Hamas could lead to supply concerns in the Middle East. More [1]

In addition, the growing tensions have caused the dollar to decline on worries that oil supplies to the US could be affected [2].

Russia’s Gazprom Threatens to Cut Gas Supplies to Ukraine

In an ongoing war of words over unpaid bills between Gazprom and the Ukraine ministry, Gazprom – the world’s largest supplier of gas – has threatened to cut gas supplied to Ukraine on January 1st. The Ukraine pipeline is a vital supply route to eastern Europe and could affect other European countries. More [3]

Canadian Dollars Woes Expected to Continue into 2009

The Canadian dollar fell more than 18 percent in 2008 as slumping oil prices reduced the overall value of Canadian exports. Nearly half of Canada’s exports are tied to the sale of oil and with only minimal gains in oil prices expected in the new year, most analysts agree that the loonie [4] will remain weak during the upcoming year. More [5]

Rising Energy Costs Give Markets a Boost

Stock futures in most of the world’s major markets moved higher Tuesday as tensions in the Middle East pushed energy stocks higher. More [6]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

Latest posts by Scott Boyd (see all [9])

Article printed from MarketPulse: https://www.marketpulse.com

URL to article: https://www.marketpulse.com/20081230/forex-news-and-rumors-47/

URLs in this post:

[1] More: http://news.yahoo.com/s/ap/20081230/ap_on_bi_ge/oil_prices;_ylt=AiSbA.74_r_giTA27f97uBKyBhIF

[2] worries that oil supplies to the US could be affected: http://www.bloomberg.com/apps/news?pid=20601083&sid=atBwWxsAc8Xo&refer=currency

[3] More: http://news.bbc.co.uk/2/hi/business/7804336.stm

[4] loonie: http://www.fxpedia.com/Loonie

[5] Morehttp://www.bloomberg.com/apps/news?pid=20601083&sid=ap7XoHoxTZkY&refer=currency

[6] More: http://news.yahoo.com/s/ap/20081230/ap_on_bi_ge/world_markets;_ylt=ApOuoi6bbNW_0rfHSKwCNlqyBhIF

[7] Bio: #ts-fab-bio-below-471

[8] Latest Posts: #ts-fab-latest-posts-below-471

[9] Scott Boyd: https://www.marketpulse.com/author/scott/

[10] Japan’s Demographic Trap: https://www.marketpulse.com/20120625/japans-demographic-trap/

[11] Officials Talk Openly of Greek Euro Exit: https://www.marketpulse.com/20120516/officials-talk-openly-of-greek-euro-exit/

[12] Greek Voters Prepare to Roll the Dice: https://www.marketpulse.com/20120515/greek-voters-prepare-to-roll-the-dice/

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