Oil. Asset that we do not talk about frequent enough even though it deserves our attention a lot. Right now there is a huge climb in the prices for the crude. And all of us, no matter what we trade should pay more attention to the asset. Oil-producing countries are now fully-blown trying to cut down the output numbers and that is never sending oil plunging down. It is always a reason for growth. And right now we see just that. Although volatile, we are looking at a pretty healthy growth with more than 2 percent gain.
Surge is going to be followed with stronger currencies, which are dependent on the oil prices. CAD, RUB and all of the currencies from the Middle East – they all are going to turn our attention towards them.
With the growth like that oil and all of the currencies connected to it might show a lot of volatily. Be sure what to do with our trading signals!