Thursday Commodities & Currencies
All charts and comments intended for education and discussion purposes only. No investment recommendations are being offered. Comments below related to this post are encouraged. | MON - Sector Strength | TUE - Interest Rates | WED - Market Sentiment | THU - Commodities & Currencies | FRI - Market Breadth | SAT - Bullish Percents | About |
The trend in the major commodities bottomed last week, at least temporarily, and moved higher so that many are now above their moving average again. The US Dollar and the Euro continue their dance with each other to see which will confirm or change trend. With Fed Fund Futures anticipating the first short-term rate cuts in early 2008, it is difficult to see why the US Dollar would start to move sharply lower. That is, unless European short-term rates start to move sharply higher, which is also unlikely.
