Is there a correlation between USOIL and the DXY?
I think there’s actually a lesson here on this one. Looked it up. Here you go:
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It seems to me that the correlation in one format or another exists between all the assets, so it also depends on the chosen strategy…
To understand what correlation is - you need to study in detail at least the basics of fundamental analysis to determine when it “works” best.
But sometimes this correlation can be very weak and unattractive.
A trader can use different point values for their advantage. It is very important to be aware of the correlation between various currency pairs and their shifting trends.