Commodities- Dollar Correction?
I'm curious what people's thoughts are on the recent strength of the DXY and a possible correction. Some of the indicators on the DXY December futures contract are looking like it might be oversold. I don't know if it will hit 89 or 84 first, but I just have a hard time buying that the momentum will continue to be this strong through the rest of the year. With Brent falling about as hard as the DXY has been climbing, I feel like a slight change in momentum may happen, even for a short period of time, before 2015. Thoughts?
Who knows? All up to Auntie Janet and her merry band. If they keep talking the talk and the data remains decent, the only way is up.
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