The correlation between USD and OIL is still broken

The correlation implies a weak dollar – strong oil. This correlation has not been implemented for some time, which is certainly straining investors and traders trading mainly “black gold”. While green money is depreciating, oil is not moving, but it does give room for catching up and potentially appreciating oil in the short term to fill the gap between the two assets.

Graphs: Thomson Reuters

 Trader Martin Nikolov

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