Strong correlation between crude oil and
Euro-dollar, which has a correlation coefficient of 0.8764 and an R2 of 0.768 over the past year
The risk is on further gains above $1.2835 in euro-dollar, as crude oil continues to trade bid as hopes for a ceasefire in Lebanon fade and concerns that tropical storm Chris could
turn into a hurrrican within the next 72-hours, and threaten oil operations in the US Gulf of Mexico.
Hold the Gold Positions as well
We shall see Eur/usd rising
And looks like Crude Oil to rise.
We are Happy once again, to have official Award from a Top Rated bank "Best Advisor for Traders" And Appreciation from various Traders.
Thanks Alot, we always look ahead to make Friendly Relationship with our Clients.
We shall Advice further.. Cheers.. Enjoy the Profits
Euro-dollar, which has a correlation coefficient of 0.8764 and an R2 of 0.768 over the past year
The risk is on further gains above $1.2835 in euro-dollar, as crude oil continues to trade bid as hopes for a ceasefire in Lebanon fade and concerns that tropical storm Chris could
turn into a hurrrican within the next 72-hours, and threaten oil operations in the US Gulf of Mexico.
Hold the Gold Positions as well
We shall see Eur/usd rising
And looks like Crude Oil to rise.
We are Happy once again, to have official Award from a Top Rated bank "Best Advisor for Traders" And Appreciation from various Traders.
Thanks Alot, we always look ahead to make Friendly Relationship with our Clients.
We shall Advice further.. Cheers.. Enjoy the Profits
