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Crude: Everything hinges on oil as prices test $30

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Whether we like it or not, it appears as though crude oil is currently driving almost everything at the moment. It has been correlating very positively with the equity markets, which makes sense because of oil’s obvious impact on the energy stocks. In FX, the likes of the CAD, NOK and RUB have all suffered big falls, which also make sense because of the fact Canada, Norway and Russia are among the oil exporting countries. The EUR meanwhile has found support in recent times because the on-going

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