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 🔥
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 🔥