Forex News - USD/CAD lower as oil prices maintain supported on Libya

March 29, 2011 - PRLog -- The USD/CAD hit the mark of 0.9744 during European afternoon trading session, which was the daily low; the pair subsequently consolidated at 0.9760, slipping 0.18%. InvestTechFX is a No Dealing Desk (NDD) and Straight Through Processing (STP) Forex company offering an industry leading ½ pip on all 6 majors while trading with the MT4 platform. InvestTechFX recently reduced their fixed spreads from 0.5 PIP to 0.2 PIP for 3 majors. When customers open an account with a deposit of $5000.00 they can receive leverage of up to 1:500.

Crude oil contracts for delivery in May were trading at USD 103.88 a barrel on the New York Mercantile Exchange, after peaking at USD 103.96 earlier. Also earlier on Tuesday, a Libyan rebel representative said oil exports could resume in less than a week but the European Commission said current sanctions apply to all Libyan oil exports, including exports sent from opposition-controlled areas.

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It is important to keep updating yourself with the different economic trends in the international scene. After all, this currency market is greatly affected by the events that occur in the different countries and their respective economies. Familiarizing yourself with the factors that affect the FOREX market will surely help you make better decisions. For more information please visit www.investtechfx.com.