Currencies and Commodities – A possible USD rebound, China’s buying of commodities, and how the Fed’s policy plays into it all
Cory
April 30, 2021
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins us to share his thoughts on the currency markets and its impact on commodities. We start with addressing the almost straight down decline in the USD and Marc’s expectation for a rebound. We also discuss what a rebound would look like and the markets that are directly impacted. This all ties into central bank policy especially out of the Fed and what the Fed prefers in terms of the USD valuation.
Click here to visit Marc free blog – Marc To Market. This is where Marc shares his thoughts on markets and data on a daily basis.
Discussion
2 Comments
Apr 30, 2021 30:28 PM
Apr 30, 2021 30:16 PM
On a technical basis I don’t see much strength to the dollar here. It looks like a range bound trade for awhile.
The dollar is rebounding now and has further to go but it probably won’t be a big negative for gold.
https://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=0&mn=7&dy=11&id=p59430364706&a=946507212