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Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
Commodity Outlook: The dollar index is trading at 2018 high as US rate hike on June 13 is nearly a done deal. Selling off in major rivals like Euro and GBP has been helped dollar index sustaining near 6 month high. PMI data from Europe and Italy’s election conundrums is driving the risk off attitude which is driving US Dollar higher. Market sentiment has taken a step back as traders are looking more toward safe-haven plays such as the yen and Dollar. Coming back to
Commodity Outlook: The dollar index is trading at 2018 high as US rate hike on June 13 is nearly a done deal. Selling off in major rivals like Euro and GBP has been helped dollar index sustaining near 6 month high. PMI data from Europe and Italy’s election conundrums is driving the risk off attitude which is driving US Dollar higher. Market sentiment has taken a step back as traders are looking more toward safe-haven plays such as the yen and Dollar. Coming back to
