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A Forex.com analysis says the Fed's dovish message is undermining inflation expectations, with markets buying commodities and stocks. Gold has hit record highs and S&P 500 futures are also strong.
The piece examines trade setups in gold, USD/JPY and the TLT ETF.
Rate-cut expectations and rising inflation expectations tend to weaken the dollar and support commodity prices. This is a macro backdrop rather than a direct feed-supply event.
forex.comDavid ScuttMar 21, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
