One of the trending topics in international affairs is the drone attack on Saudi’s oil plants. Although this issue has many aspects including political, military control, etc., knowing how it can impact the market is critical to understanding the trends. Commodity trading is the most profitable sector in Forex and includes oil and gold. High risk involves high rewards, and that attracts millions of investors around the world. As the USA may intervene in state affairs, this can lead to further instability in price. In today’s article, we are going to discuss the probable consequences that may result from this attack.
Choppy trends for a few weeks
Until the dust settles, expect that there will be choppy variations of price. Oil and gold in the international market are highly dependent on the source availability. Although major currency pairs can be understood easily due to the abundance of information, this is … Read the rest