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Newbie eyes

  • #1
  • First Post: Oct 29, 2008 8:15am Oct 29, 2008 8:15am
Hi all,

First steps on that forum. I am a would-be forex trader hoping to understand some of its underlying mechanisms. I am working on technical analysis but the political one seems to matter too. Though, I am wondering many things.
One thing is oil prices. Do they impact some currency evolutions ? As, for personal reasons, I am quite knowledgeable on those prices, that would help me to set up a strategy.

Thx,
G
  • #2
  • Last Post: Nov 1, 2008 3:36pm Nov 1, 2008 3:36pm
Quoting gbart
Hi all,

First steps on that forum. I am a would-be forex trader hoping to understand some of its underlying mechanisms. I am working on technical analysis but the political one seems to matter too. Though, I am wondering many things.
One thing is oil prices. Do they impact some currency evolutions ? As, for personal reasons, I am quite knowledgeable on those prices, that would help me to set up a strategy.

Thx,
G

CAD is sensitive to oil prices. However, it's also sensitive to the USD sometimes as well....just depends on what traders are "focusing" on.
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