Has the Iran deal impacted your trades?

Rambo35

Confirmed PaxForex Representative
Apr 22, 2013
909
24
32
Canada
Before you scream that you do not trade the Iranian currency or have no access to it, other currency pairs have been affected by it. Since we live in a globally connected world, when something like the Iran deal happens financial markets take not.

Traders either feel more confident or less confident about other aspects of the global economy due to any deal and the Iranian deal encouraged Asian traders to take on more risk which was felt by the sell-off in the Japanese Yen for example, commodities sold off and this could translate into other currency pairs as well.

Take a look at some of your open positions or pending set-ups and you may see an impact or you may not, the point of my thread is that you need to be aware of things which may not seem directly connected to forex trading in order to better understand the bigger picture. That is just my opinion on the matter.
 

Fxpipper

Master Trader
Oct 26, 2011
1,132
4
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No, the current impact is being controlled by OPEC, with Saudi Arabia leading the pack. But if no issues clog up the current Iran deal, and no further oil supply issues, expect Brent Crude to fall in seven or eight months. Even Saudi Arabia cannot prevent the price from falling..so expect changes in seven or eight months..
 

Fxpipper

Master Trader
Oct 26, 2011
1,132
4
49
Here's an update: India has started the process for increasing their oil supply from Iran..so sanctions or not, expect crude to go down in few months. The other factor to consider is that US plans to increase domestic output, re: frackling and fracturing