How Did The Rocket Explosion In Poland Affect The Oil Market?
The markets were confused after, a.o., speculations about who is responsible for launching missiles that fell near the Polish-Ukrainian border. What about oil? MacroeconomicsOn the macroeconomic view, the greenback explored the lower floor as the DXY fell just below $106 on Nov. 15 – thereby dropping well below (outside) its yearly regression channel with a Pearson’s R (correlation coefficient) near 96 %. Q3 2022 hedge fund letters, conferences and more U.S. Dollar Currency Index (DXY), daily chart Fundamental AnalysisOil prices fell on Thursday (Nov. 17), with the prospect of a slowing global...