There's a strong indication that the correction in Crude oil is over the most lkely scenario is a rally from this point on and the only way for Eurodollar is up, I think
the correlation between the two will be just as strong as it has been in recent months.
I look at no IR difference, no rate expectations, just commodities and crude have the upper hand
the rest is all priced in long before you can do anything. as soon as money pours in crude and metals
EurUsd will folow suit, I expect crude to accelerate once above the $100 level below that we may see
consolidation for a while
source
market newsletter publisher
CHAMPION CAPITAL | Forecasting the US markets
the correlation between the two will be just as strong as it has been in recent months.
I look at no IR difference, no rate expectations, just commodities and crude have the upper hand
the rest is all priced in long before you can do anything. as soon as money pours in crude and metals
EurUsd will folow suit, I expect crude to accelerate once above the $100 level below that we may see
consolidation for a while
source
market newsletter publisher
CHAMPION CAPITAL | Forecasting the US markets
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