volatility because of oil price
Member Since Aug 09, 2019
11 posts
Apr 21, 2020 at 15:30
Hello all
I've seen that some of the traders I follow on myfxbook and other systems did not start trading this week. But on sunday there was a drop, but I suppose that the big trigger was on monday. I understand that the covid-19 virus is making it's effect. But how did they get warned about this volatility on the fx market (I do not know these traders by name, I just follow there system).
So, is there a website where they predict or warn you for these situations? My broker (IC Markets) did send me an email to warn me, but that was to late for me. There must be a more efficient way to get this info.
Anyone any suggestions?
Thanks,
Guy
I've seen that some of the traders I follow on myfxbook and other systems did not start trading this week. But on sunday there was a drop, but I suppose that the big trigger was on monday. I understand that the covid-19 virus is making it's effect. But how did they get warned about this volatility on the fx market (I do not know these traders by name, I just follow there system).
So, is there a website where they predict or warn you for these situations? My broker (IC Markets) did send me an email to warn me, but that was to late for me. There must be a more efficient way to get this info.
Anyone any suggestions?
Thanks,
Guy
Apr 22, 2020 at 19:19
How can they really predict that? I gues nobody can and if they do.... well, it's not cause other way we will do something like that with predicting forex, I hope you understand what is meaning here.... oil is close to 0 now at least today, it was negative.
Member Since Aug 09, 2019
11 posts
Apr 27, 2020 at 16:36
Yes, I understand, but that is what they call fundamental trading. So I suppose it must be possible to predict (not 100% accurate af course) something like this.
Member Since Apr 30, 2020
3 posts
Apr 30, 2020 at 08:48
I think there is no such open resource where you can see this kind of information.
Member Since Aug 09, 2019
11 posts
Apr 30, 2020 at 10:35
Thanks.
Member Since Feb 19, 2020
19 posts
May 13, 2020 at 18:01
Well, as people above stated, people can't predict this kind of stuff. You don't have access to the information like that - and people how does have that access... well, let's say that they are not going to share in with you :)
Member Since Aug 09, 2019
11 posts
May 14, 2020 at 07:57
Yes, I assume they will not do that... But it was just something on my mind, just wondering.
Member Since Mar 03, 2020
11 posts
Jun 19, 2020 at 04:38
ggForexTesting posted:
Hello all
I've seen that some of the traders I follow on myfxbook and other systems did not start trading this week. But on sunday there was a drop, but I suppose that the big trigger was on monday. I understand that the covid-19 virus is making it's effect. But how did they get warned about this volatility on the fx market (I do not know these traders by name, I just follow there system).
So, is there a website where they predict or warn you for these situations? My broker (IC Markets) did send me an email to warn me, but that was to late for me. There must be a more efficient way to get this info.
Anyone any suggestions?
Thanks,
Guy
Yeah, I got an email notification as well. But it was too late also. There is no particular way to predict such stuff. I'm sorry. But if there is something going on in the world, be ready to feel it in Forex too.
Jun 21, 2020 at 15:09
I think that even experienced traders now feel a bit confused, because the market offers many surprises and surprises.
What to do in this situation? Do not take risks, now is the time when you can't take risks at all and you have to strictly follow all risk management rules.
What to do in this situation? Do not take risks, now is the time when you can't take risks at all and you have to strictly follow all risk management rules.
Jun 23, 2020 at 11:36
It’s difficult to predict whether the market will be volatile or not. Keep your eye on the market analysis and the latest news. This is the only way to gauge the conditions responsible for market volatility and to get access to detailed information on different currency pairs.
Jun 25, 2020 at 10:35
Yesterday, a data was released by Energy Information Administration that inventories in the United States in the week ending June 12th increased by 1.2 million barrels versus the market expectation for a decrease of 0.15 million barrels and China and US are facing the second wave of corona virus.
These both are the main reasons which are hampering the prices of oil and in result, the volatality is very high.
These both are the main reasons which are hampering the prices of oil and in result, the volatality is very high.
Jun 28, 2020 at 15:15
High volatility is a difficult parameter to keep in mind. It's pure truth. But if you really want to deal with it, you should start working on your own so that you can personally understand all the mechanisms of the market, then you can predict such situations, at least approximately.
Member Since Jul 01, 2020
27 posts
Jul 02, 2020 at 10:06
Volatility responds significantly to oil price shocks caused by unexpected changes in demand side. On the other hand, the impact of the supply side is negligible.
Member Since Jul 23, 2020
759 posts
Aug 13, 2020 at 22:35
Historically, oil prices and exchange rates have been intimate. This correlation exists due to many factors, including trade balance, supply chain patterns, and market sentiment. Exchange rates are one of the important channels through which international oil price shocks are transmitted to financial markets and the real economy. Many of the world's leading forex pairs are down or rising based on fluctuations in oil prices.
Member Since Jul 23, 2020
869 posts
Oct 10, 2020 at 09:47
Ezereombre posted:Yes. Unexpected changes happen because of travel restriction of covid-19. Market also saw negative oil price because of that.
Volatility responds significantly to oil price shocks caused by unexpected changes in demand side. On the other hand, the impact of the supply side is negligible.
Member Since Jun 30, 2020
47 posts
Oct 19, 2020 at 12:51
Not expecting prices to stabilise anytime soon.
Member Since Jul 23, 2020
759 posts
Oct 24, 2020 at 17:42
Gleywilleyy posted:Pandemic make every trading instrument volatile in 2020. I think market will not stabilize until pandemic over.
Not expecting prices to stabilise anytime soon.
