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The Fed cut rates by 25 basis points on July 31, which the author attributes to housing weakness, dollar funding strains abroad, and global fear and greed. The piece argues the US economy is uniquely strong and that metals should keep reacting to these forces over the next 15 months or more.
The argument that dollar scarcity is building outside the US suggests continued dollar strength, which would weigh on dollar-priced commodities and foreign demand for US exports.
fxempire.comChris VermeulenAug 2, 2019After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
