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Commodity Prices Inverse Relationship to the US Dollar

Commodities / CRB Index Oct 23, 2008 - 12:19 PM GMT

By: Donald_W_Dony

Commodities Best Financial Markets Analysis ArticleThe connection with commodity prices and the movement of the U.S. dollar continues to remain tight and over-ride year-over-year fundamentals. Oil and gold are particularly linked to the currency and weakness or strength in the dollar are quickly transferred to positive or negative trading patterns for these natural resources.


Bottom line: Thought macro fundamentals play a decisive role in the longer-term direction of commodity prices, investors of raw materials, with a 1-2 year time frame, should should remain focused on the dollar's movement more than supply and demand fundamentals.

Investment approach: Current U.S. dollar strength is directly linked to a flight to safety verses fundamental considerations. Technical models are indicating the USD should continue developing upward pressure for most of November. This is expected to provide downward pressure on oil, gold and most commodity prices.

Go to www.technicalspeculator.com and click on member login to access the latest research report.

Your comments are always welcomed.

By Donald W. Dony, FCSI, MFTA
www.technicalspeculator.com

COPYRIGHT © 2008 Donald W. Dony
Donald W. Dony, FCSI, MFTA has been in the investment profession for over 20 years, first as a stock broker in the mid 1980's and then as the principal of D. W. Dony and Associates Inc., a financial consulting firm to present.  He is the editor and publisher of the Technical Speculator, a monthly international investment newsletter, which specializes in major world equity markets, currencies, bonds and interest rates as well as the precious metals markets.   

Donald is also an instructor for the Canadian Securities Institute (CSI). He is often called upon to design technical analysis training programs and to provide teaching to industry professionals on technical analysis at many of Canada's leading brokerage firms.  He is a respected specialist in the area of intermarket and cycle analysis and a frequent speaker at investment conferences.

Mr. Dony is a member of the Canadian Society of Technical Analysts (CSTA) and the International Federation of Technical Analysts (IFTA).

Donald W. Dony Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Jamie Grenier
24 Oct 08, 16:32
thanks

I found your article very interesting.

I was wondering if i could be added to your email list so i can access your latest articles?

I am a new trader so i could use allthe help i can get.

thanks for taking the time to read this.


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