Home
News
默认头像

Commodities didn't have a great day with silver and natgas both down over 2%

2024-12-30FOREXLIVEFOREXLIVE
Probably due to a stronger USD

Commodities are mostly in the red across the board as we get closer to the Asia-Pac session.

The easy blame for this today was the stronger dollar, but to be fair the commodity/USD inverse correlation has been hit and miss over the last few months with a few occasions showing a positive correlation.

We also can't blame a sour risk tone because equities attempted a recovery bounce after the prior session's sell off.

Commodity strength chart
Commodity strength chart

Disclaimers

The article is sourced from Forexlive with the original source credited. The views expressed herein are not affiliated with FXOR; readers are encouraged to approach the content rationally. Copyright belongs to the original author. If unintentional infringement upon media or personal intellectual property rights has occurred, please contact us, and we will promptly remove the content. FXOR merely provides information storage services. The article is compiled and released by FXOR; reprints must indicate the original source.