Excerpt from:  CFDs & Spread Bets
.
April 21, 2008

Oil Prices Affect US Dollar in Forex Trading

Financial spread betting strategy
Supply problems are cropping up in Nigeria, and so far OPEC is refusing to increase production in order to assuage supply worries.
Oil prices are still rising overall on the commodities market, and this is affecting the US dollar in forex trading. When using a forex trading system, and when financial spread betting on currencies, it is important to look at the factors that are likely to affect the FX market.

Right now, oil prices are well above the $116 a barrel mark, and could be headed for $117 a barrel. Supply problems are cropping up in Nigeria, and so far OPEC is refusing to increase production in order to assuage supply worries.

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Topic Tags:  commodities market, financial spread betting, forex trading, forex trading system, FX market, oil prices, spread betting, spread betting strategy, US dollar

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