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Commodity outlook by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
Commodities Outlook: The US Dollar index which was languishing below 89 jumped on hawkish Fed minutes. The Dollar index suffered 4-day losing streak and is trading around 89.40. The expectation of inflation on 12-month basis increasing in coming months have given an indication that interest rate hike could be seen sooner. However, the market is not buying the Fed’s hawkish talk as US 10 year treasury yield barely moved. US dollar is getting support from conflicts in Syria. However, the market may resume buying risk assets and selling the US
