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Some questions will be discussed here, is the EUR headed Back to 1.60? and can the GBP remain in the levels of 1.97-1.98 and higher?
The Vulnerabilities of the US Dollars
The US Dollars weakened significantly this past week as rising oil prices revealed the vulnerabilities of the United States economy.
Oil prices are rising and the US dollar is falling, but is this the natural relationship between these two assets? Taking a look back at the two prominent oil shocks of the past four decades (1973 and 1979), we see that this is not necessarily the case.
1973 Oil Crisis: Initially Dollar Bullish, Eventually Dollar Bearish
In 1973, oil prices jumped 134% when the members of the OAPEC, which is OPEC plus Egypt and Syria, announced that they were no longer shipping oil to nations that supported Israel in its conflict with Syria and Egypt.
A quick overview of the services by AVAFX Trading Platform
AVA FX (AVA Financial LTD) is a forex broker based in Nicosia, Cyprus and was founded in 2006.
UFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease. By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.
