Relationship between stock market, US dollar exchange rate, gold price and crude oil price


1、 Stock market and crude oil price

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If the stock market falls, it is generally believed that the economic situation is not good, and the economic situation is not good, which means the demand for crude oil is declining. If the number of people who buy crude oil is less, the supply exceeds the demand, the oil price will naturally fall. On the contrary, if the stock market rises, the oil price will also rise

2、 Dollar exchange rate and crude oil price

The relationship between crude oil and U.S. dollar is different from that between gold and US dollar. The price of gold is affected by the exchange rate of US dollar. The price of crude oil is more interactive with the price of US dollar

The rise of crude oil price will affect the world economy, including the United States, the world's largest consumer of crude oil. The inflationary pressure brought by the rise of crude oil price will bring devaluation pressure to the US dollar, and the direct consequence of the depreciation of US dollar is that the price of crude oil priced in US dollar will also rise accordingly

According to experts' estimation, the correlation coefficient between crude oil price and US dollar exchange rate is - 0.7. That is to say, high oil price often appears at the same time with weak dollar. Therefore, the relationship between the trend of US dollar and the trend of US dollar should be in the opposite direction

3、 Gold price and crude oil price

Gold is a hedge under inflation, and the rise of oil price means that inflation will follow, and the uncertainty of economic development will increase

There is a positive correlation between gold and crude oil. The rise of crude oil price indicates that the price of gold will rise, and the fall of crude oil price indicates that the price of gold will also fall

In the medium and long term, the fluctuation trend of gold and crude oil is basically the same, but the magnitude is different. Generally speaking, gold price is positively correlated with crude oil price

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