For a commodity, oil has a tremendous impact on the currency market. Despite many investors disregarding its influence, oil is the cause of some of the most aggressive moves in the forex market. The price of oil fluctuates on the free market like the price of any other commodity. Forex investors can buy or sell oil using CFD’s (Contracts for Difference) as with any other currency pair on the forex dashboard. But this article isn’t about the technical aspect of trading oil. Instead, it deals with oil’s impact on the volatility of the forex market. Inflation is the number one priority of every central bank’s mandate. ... (full story)