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Oil-forex correlations: how to trade oil with forex

Forex traders can look to take advantage of fluctuations in oil prices around OPEC announcements and other major events by trading correlated currencies. Discover how to trade oil on FX markets, and which currency pairs are linked to oil prices.

Why Opec matters for FX:

The oil cartel meets today, and the market is expecting it to extend the period of production cuts by an extra nine months, through to March 2018. This has been widely signalled after Russia (a non-Opec member) and Saudi Arabia said that they would support an extension of the cuts last week.

May 24, 2017 08:50 PM

What does a Trump presidency mean for the markets?

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