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Global markets are in negative territory, oil is down on oversupply issues

By MoneyWay | Jul 18, 2019

Oil tumbled amid signs of increased Russian crude output and continued nervousness over the global economy. Sterling climbed as the British Parliament backed measures to prevent the next prime minister suspending the legislature to pursue a no-deal Brexit.

The Canadian dollar is weaker due to negative market sentiment and lower oil prices, expect further volatility.

Currently             Close                     Range

USDCAD               1.3080                   1.3054                   1.3042-1.3095

EURCAD               1.4680                   1.4651                   1.4632-1.4698

GBPCAD               1.6340                   1.6229                   1.6218-1.6359

                                                                                                Prior                      Actual
US:         Jobless Claims wk7/13                                    208K                      216K

                Philly Fed Business Outlook July                 0.3                          21.8

                Leading Indicators June M/M                      0.0%                      -0.3%

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