Hi Traders,
I am share my thoughts on the forex/ commodity prices for the next few years.
Firstly I will start with the dollar. A lot of people are long the US dollar and for a good reason. The federal reserve has stated that they are adopting a raising rate policy, while Europe and Asia are keeping the rates low or negative. Personally I am looking rates to go above 3% in the US so i can start shorting the dollar.
The best currencies in my opinion to buy dollars against for 2017 are the Sterling, Euro, Mexican peso, Turkish lira.
I see commodities ranging between their established bounds for the moment. I think oil is going to range between 40 - 60 dollars. Gold between 1400 - 1100. Industrial metals have already rebounded some what from their monthly lows and have yet to form a range.
Feel free to share your thoughts in the comments.
I am share my thoughts on the forex/ commodity prices for the next few years.
Firstly I will start with the dollar. A lot of people are long the US dollar and for a good reason. The federal reserve has stated that they are adopting a raising rate policy, while Europe and Asia are keeping the rates low or negative. Personally I am looking rates to go above 3% in the US so i can start shorting the dollar.
The best currencies in my opinion to buy dollars against for 2017 are the Sterling, Euro, Mexican peso, Turkish lira.
I see commodities ranging between their established bounds for the moment. I think oil is going to range between 40 - 60 dollars. Gold between 1400 - 1100. Industrial metals have already rebounded some what from their monthly lows and have yet to form a range.
Feel free to share your thoughts in the comments.