Marc Chandler – Outlook On The US Dollar, Fed Policy Expectations, Commodities, Gold, and Oil
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website, joins us review his outlook on the US dollar, Fed policy expectations, the commodities sector, gold prices, and the oil markets.
We start off getting Marc’s technical levels to watch in the US dollar, and if he feels we’ve seen the top in the greenback, and how other currencies are moving. Next we discuss some of the key macroeconomic data around inflation, jobs numbers, retail sales, and how it all ties into expectations around Fed policy decisions. We get into how the gold price has responded and his technical outlook on the yellow metal, as well as fundamental drivers. Marc shares his overall outlook on the commodities sector, and highlights China’s focus on growth behind some of the moves we’ve seen in iron ore, copper, and aluminum. We wrap up parsing the global forces at work keeping oil and the energy sector quite volatile.