![Société Générale - 'A lot of the FX market is blindly following the oil price' - there’s value in short EUR/NOK and short AUD/CAD Société Générale - 'A lot of the FX market is blindly following the oil price' - there’s value in short EUR/NOK and short AUD/CAD](https://c.mql5.com/6/666/splash-641455-1434024098.png)
Société Générale - 'A lot of the FX market is blindly following the oil price' - there’s value in short EUR/NOK and short AUD/CAD
11 June 2015, 18:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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"A lot of the FX market is blindly following the oil price, not least because a year ago the price was USD 94 and the forecast for Q2 2015 was for little change," SocGen argues.
"To the extent that we would get a bigger short-term reaction
to a break higher than to a slide back to the middle of this range,
there’s value in short EUR/NOK and short AUD/CAD today," SocGen advises.