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volatility because of oil price
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Tezilkree

Member Since Apr 04, 2020  57 posts Tezilkree Jun 22 at 04:44
Oil prices have really made their adjustments

davidkew

Member Since Jun 23, 2020  8 posts davidkew Jun 23 at 11:36
It’s difficult to predict whether the market will be volatile or not. Keep your eye on the market analysis and the latest news. This is the only way to gauge the conditions responsible for market volatility and to get access to detailed information on different currency pairs.

evasmith

Member Since May 06, 2020  7 posts evasmith Jun 25 at 10:35
Yesterday, a data was released by Energy Information Administration that inventories in the United States in the week ending June 12th increased by 1.2 million barrels versus the market expectation for a decrease of 0.15 million barrels and China and US are facing the second wave of corona virus.
These both are the main reasons which are hampering the prices of oil and in result, the volatality is very high.

Saithidor

Member Since Sep 20, 2019  16 posts Saithidor Jun 28 at 15:15
High volatility is a difficult parameter to keep in mind. It's pure truth. But if you really want to deal with it, you should start working on your own so that you can personally understand all the mechanisms of the market, then you can predict such situations, at least approximately.

Ezereombre

Member Since Jul 01, 2020  3 posts Ezereombre Jul 02 at 10:06
Volatility responds significantly to oil price shocks caused by unexpected changes in demand side. On the other hand, the impact of the supply side is negligible.

SofieAndreasen

Member Since Jul 23, 2020  67 posts SofieAndreasen Aug 13 at 22:35
Historically, oil prices and exchange rates have been intimate. This correlation exists due to many factors, including trade balance, supply chain patterns, and market sentiment. Exchange rates are one of the important channels through which international oil price shocks are transmitted to financial markets and the real economy. Many of the world's leading forex pairs are down or rising based on fluctuations in oil prices.

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EURUSD 1.1629 GBPUSD 1.27426
USDJPY 105.552 USDCAD 1.33866

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