Oil and the dollar are doing something they have only done 11 times in the past 35 years

Oil prices and the U.S. dollar are rallying in tandem—a dynamic that has only occurred 11 times since 1983, and it’s drawing the attention of market participants attempting to assess its significance. West Texas Intermediate crude oil traded on the New York Mercantile Exchange CLM8, +0.14% which is up 12.2% in the past month, according to FactSet data, has shaken off a 3.6% rally in the previously battered dollar, as measured by the ICE U.S. READ MORE @ https://www.marketwatch.com/story/oil-and-the-dollar-are-doing-something-they-have-only-done-11-times-in-the-past-35-years-2018-05-09


USD has formed a nice Ascending Triangle at the hourly chart and breakout at the daily chart. The question is all on tonight CPI data release. Be cautious as the market still stays at vulnerable territory to drag currencies to any direction.


  1. 5.00am – RBNZ maintain their rate at 1.75% and RBNZ statement remains dovish for the year. We stay neutral for now.
  2. 9.30am – China will release their CPI data that will move AUD, NZD and CAD. We are expecting a good data.
  3. 1.00pm – Japan economy watchers will give their sentiment – expected to be good.
  4. 4.00pm – ECB economic bulletin – EURO volatility is expected.
  5. 4.30pm – UK will release Manufacturing & Goods Trade Balance – expected to be neutral of weak – GBP remains SELL for now.
  6. 7.00pm – BOE inflation and rate vote – GBP seats on a critical support and todays news will decide the next move of GBP. No major changes is expected. We maintain SELL for GBP.
  7. 8.30pm – US will release their CPI data and is expected to be good – USD @ $94 is expected tonight. A volatile night in favor of the USD.

USD already priced in for the volatility but BULL remains in favor for the USD for now. Be cautious and always maintain good money management.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.


  1. stornobrzinol 5 months ago

    Wonderful website. Lots of useful information here. I am sending it to a few friends ans also sharing in delicious. And certainly, thank you for your sweat!

  2. togel online data 1 month ago

    Good website! I really love how it is simple on my eyes and the data are well written. I am wondering how I could be notified when a new post has been made. I have subscribed to your feed which must do the trick! Have a nice day!

Leave a reply

Your email address will not be published. Required fields are marked *



We're not around right now. But you can send us an email and we'll get back to you, asap.


FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?