Thursday, October 21, 2021

OIL Drowdown

The rise of JPY happened as a contribution from the knock over of commodities. Japan, a heavily industrial country importing mainly energy and Special oil from Asian cartel. OPEC today node negative to a lower oil price coming from increasing output to supply the demanding zone of G3. Strange the oil follows the firm dollar and the weak loonie after weeks of top currency. The only Strong of the day seems to be the Yen, safe choice over volatility times.


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