2pm update - USD pressuring commodities

With the USD +0.2% in the DXY 99.60s, commodities are under natural pressure, with Gold -$12, Silver -0.5%, and WTIC Oil -2.8% in the low $40s. It remains the case that EU/Asia equity markets are particularly strong due to the strengthening USD.. and their respective weaker domestic currencies.


UUP, daily

GLD, daily

Summary

Little to add.

re: equities.  Whether a marginally higher or lower close...  the broader trend remains UP.

notable weakness: miners, GDX -4.8%

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back at 3pm