Crude, the Dollar, and the Dow
- ragheehorner
- November 29th, 2011
Dare I say potentially short-lived risk appetite?? Today, after what was looking like a very bullish open on the week and a bad start for the dollar, I wanted to reexamine the uptrend in crude oil and if the aussie ($AUDUSD) and loonie ($USDCAD) would follow that strength or if Monday’s price action was going to be more about the dollar’s weakness.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Tickers: $CL_F, $USDX, AUDUSD, FXA, FXC, USDCAD
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Lydia Idem has been investing in equities for 16 years and trading currencies actively for 5 and a half years. Her trading style is simple and short term. With a special feel for sterling, Lydia trades almost exclusively the GBPUSD and EURGBP. You can follow Lydia on Twitter and StockTwits... (more) -
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