DislikedI am new to forex. Don't do Nynex. But as a Canadian I have noticed over the years that our dollar seems to go up/down in lockstep with the price of Gas.
So I looked up Crude oil futures on nynex and superimposed over forex usd/can and sure enough they are mirror images of each other.
Anyone think this strategy has merit. Because Forex is 24hour but Nynex is not I would think there could be some angle here.Ignored
i trade CL futures. Now NYMEX is a session but the contract runs 24/7 over Globex and CME. so no difference there.
You will see CL mirror the USD as it's priced to the usd. the eur/usd moves in harmony with CL.
so yeh if you thought USD was going down you can sell it and buy CL or the opposite.
but not 100% sure what you mean as it's just as easy to buy EUR/USD or buy oil if you think the usd is going down.