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  • Dollar Hurt by Geopolitical Concerns and High Oil [View article]
    How can Oil prices are drive the currency market? For example, oil pushes up AUD? Suppose OPEC cuts supply to bump up prices, how would that drive up AUD/USD?

    Let's consider OIL/USD, OIL/AUD and AUD/USD. SImple math gives
    (OIL/USD)/(AUD/USD) = OIL/AUD
    This relationship ensures that (OIL/USD) and (AUD/USD) moves in the same direction to maintain reasonable OIL/AUD. If we have to find a driver, I'd say that the larger drives the smaller, in terms of trading volume or.
    Jul 13 00:14 am |Rating: 0 0 |Link to Comment
  • Upside to Oil Stocks? [View article]
    Historically, did oil stocks trail oil prices? Did they oscillate, 1997-1999, in comparable magnitudes?
    The chart seems to show that XLE participated in the rises and falls of USO in lock step. Besides the fundamentals, are there other evidence that XLE trails oil prices?
    Jun 25 13:18 pm |Rating: 0 0 |Link to Comment
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