10May11:46 amEST

Lost in the Underbelly of the Move in Commodities

The rally this spring in select commodities, and the ones in softs last week, may very well transcend the U.S. Dollar, which of course is front and center for many market players these days. 

Specifically, the "commodity-sensitive" Aussie Dollar has made upside progress since April after a devastating downtrend, the latest installment of which began last September. 

To my eye, if the FXA, ETF for the Aussie, can now hold over $79 for a potential base bottom it would be another reason to look for continued rotation into commodities and derivative equities. More on this later. 

Saturday Night at Market Che... Weekend Overview and Analysi...


This website is intended for educational purposes only. | © 2021 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site