Ulcer Index

There are lots of decent rationales to suggest why oil prices have bottomed. Rising prices for Permian Basin drilling properties would be one.

Although correlations between currency pairs are strong (or weak) for days, weeks, months, or even years, they may eventually change–sometimes when you least expect it!

It’s always difficult to pinpoint where we are in terms of a trend. Long-term trends in the currency markets have ranged from six to ten years, measured by the various bull and bear markets in the dollar since the inception of the free-floating currency market back in 1971.

Volatility was a bit subdued during today’s morning London session, likely because traders are waiting for the ECB’s presser. Even so, there was enough action to keep the session interesting since pound and Kiwi pairs were on the move.