Energy and currencies: what's the link doing right now?

FTC Community TeamStaff105 views

Energy prices feed inflation, trade balances and the oil currencies all at once. When oil moves, the effects ripple outward in ways worth tracking together.

Energy and currencies: what's the link doing right now? — risk-reward diagram
A risk-reward ratio of 1 to 2

What are you seeing?

  • how current oil prices are hitting inflation expectations
  • the CAD and NOK reaction you've observed
  • the importer currencies feeling the pressure
Energy and currencies: what's the link doing right now? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

Background: oil and the Canadian dollar and Brent above $100.

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