Oil just got absolutely wrecked lmao
WTI and Brent both crashed under $90/barrel. That's a massive drop from where we were.
This is gonna ripple through everything - inflation expectations, rate cut probabilities, currency pairs. When energy gets this volatile, forex traders need to wake tf up.
Watch how this hits EUR/USD and commodity currencies. Oil dumps usually mean dollar strength short term, but if this signals demand destruction? Different story.
Anyone still holding energy plays is getting cooked rn đ„
WTI and Brent both crashed under $90/barrel. That's a massive drop from where we were.
This is gonna ripple through everything - inflation expectations, rate cut probabilities, currency pairs. When energy gets this volatile, forex traders need to wake tf up.
Watch how this hits EUR/USD and commodity currencies. Oil dumps usually mean dollar strength short term, but if this signals demand destruction? Different story.
Anyone still holding energy plays is getting cooked rn đ„