US Dollar Breakout Could Cool Off Commodities Prices

Sharing is Caring!

by Kimble Charting

Rising commodities prices have been all over the news for several months. The rally has been broad-based and persistent.

So what could possibly derail the commodities rally? U.S. Dollar strength.

King Dollar has not been so king-like over the past several months… but it is starting to show strength after double-bottoming at (1). And it is now attempting to breakout at (2)!

Lumber, precious metals, grains, energy… all types of commodity bulls are watching the US Dollar here.

See also  Fire! European Stock Valuations Lowest Since 2012 On Strong King Dollar, Atlanta Fed GDPNow Q3 Drops To 0.271% (Bostic Calls For 1.25 MORE Rate Increase)

White hot commodities could really cool off it King Dollar succeeds in breaking out at (2)! Stay tuned!

This article was first written for See It Markets.com. To see the original post CLICK HERE.

 

 

Trending:
See also  Pound slides to ANOTHER 37-year low against the US dollar after grim figures show interest on UK plc's £2.4tn debt mountain hitting a record £8.2bn in August - as Liz Truss borrows more to fund energy bills bailout and tax cuts

Views: 9

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.