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Commodities didn't have a great day with silver and natgas both down over 2%

Started by forex4you, Jun 26, 2024, 07:13 am

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forex4you

Jun 26, 2024, 07:13 am
Commodities didn't have a great day with silver and natgas both down over 2%

Commodities are mostly in the red across the board as we get closer to the Asia-Pac session.

The easy blame for this today was the stronger dollar, but to be fair the commodity/USD inverse correlation has been hit and miss over the last few months with a few occasions showing a positive correlation.

We also can't blame a sour risk tone because equities attempted a recovery bounce after the prior session's sell off.



                This article was written by Arno V Venter at www.forexlive.com.

Source: Commodities didn't have a great day with silver and natgas both down over 2%

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