viies, so are you selling euro big here for 1.20? stop above 1.2550 will do?
GVI Forex14:56:21 GMT - 11/27/2014
viies- our correltion table (last for weeks) shows a near zero correlation beteen Crude and EURUSD.
BUT
USDJPY to wti is -0.87, which is a very high negative correlation.
all pretty interesting.
Tallinn viies 14:38:57 GMT - 11/27/2014
OPEC soon. yesterday morning 18 out of 30 oil researchers believed OPEC will cut production in a range of 1,5mbd - 0,5mbd.
today news are producing stories that there will be no cut. oil at the lows of the year.
will be interesting to see how they react today....
why it is important? just both oil and eurusd started to fall in the end of june. eurusd down 10% brent down from 115 down to 76.
If no cut today the market could take it as a permission to check new lows. wouldnt be suprised to see brent down another 10% before year-end.
euro down to 1,2000 then.
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