Disliked{quote} Thanks for the reminder ... . Forgot to check my oil prices. I don't trade oil, but prices seem to ripple through the market one way or the other ... . Undergoing a slight correction: {image} Generally translates into a bit of dollar weakness ... .Ignored
And yup, I didnt even notice gbp drop with plunging oil price till some folks pointed it out in EURUSD thread and elsewhere. pretty interesting really.
basically if oil drops further, risk off = USD and JPY gain strength. for some reason GBP will get weaker altho UK is a net oil importer too... (dont understand that yet)