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US dollar rally hits headwinds, Silver squeeze sparks potential bullish break
After the rapid repricing of Fed rate cut expectations since the beginning of the year, US economic exceptionalism is now arguably already priced into the USD, leaving little room for downside disappointment in upcoming economic data. With commodities rallying despite the stronger dollar, any signs of weakness could provide even stronger tailwinds for the complex. We look at silver following its bullish break on Tuesday. The background US dollar upside continues to be fueled by widening interest rate differentials with the rest of the world, reflecting the rapid unwind of market expectations for rate cuts from the ... (full story)
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- Posted: Apr 3, 2024 12:49am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,146
