DEC 17: Interpreting the Future of the Oil Marketplace and How It Affects Forex Trading
Why should you worry about the price of oil if you re not buying and selling oil? If you re trading currencies, there s one very good reason. Many of the most important currency trading pairs rise and fall on the price of a barrel of oil. The price of oil has been a leading indicator of the world economy for decades, and experts predict that that won t be changing any time soon. The connection between the price of oil and the economy of many countries is based on a couple of simple facts: