Oil
WTI has come close but not quite hit the recent 58.16 all-time high today. Currency traders look a little lost as to what to do with the information with none of the currency pair correlations with oil terribly tight (search'oil+correlation'
. In general it seems as if oil is dampening global growth, and with US growth seen as much less vulnerable to any negative shocks than Japan and Europe, the dollar has tended to benefit slightly from higher oil prices in the current context. Note, the yen has typically lost ground on a relative basis, with oil positively correlated in general with eur/yen.
WTI has come close but not quite hit the recent 58.16 all-time high today. Currency traders look a little lost as to what to do with the information with none of the currency pair correlations with oil terribly tight (search'oil+correlation'
. In general it seems as if oil is dampening global growth, and with US growth seen as much less vulnerable to any negative shocks than Japan and Europe, the dollar has tended to benefit slightly from higher oil prices in the current context. Note, the yen has typically lost ground on a relative basis, with oil positively correlated in general with eur/yen.
Тази седмица ще си държа дългите usd/jpy и ще ги чакам до поне 110! А да видим дали ще успея
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