Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
Commodity Outlook: US Dollar index hits 2018 high, thanks to rising surge in US Treasury yields. At present, the long-term 10yrs US Treasury yield is at 3.10% and I expect the yield to surge at 3.25% in the intermediate period. The geopolitical uncertainty regarding US-North Korea summit has driven the safe haven dollar higher. The correlation between US Dollar and long-term US yields faded in late 2017, however now the correlation has returned. USDINR is not trading in perfect correlation wiz a wiz US Dollar but is

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