Checkout Commodity Trading Research Articles for FREE! http://www.commoditytradingresearch.com Thanks to last week’s FOMC meeting a US Dollar Breakout is in full swing. Editor Justin Bennett explains what the situation means for commodities. $UUP #Dollar

1. Commodity Trading Research
US Dollar Breakout:
How Far Will It Run?

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4. Hi, My name is Justin and I‘m with
Commodity Trading Research, today were
reviewing our recently published article…

5. US Dollar Breakout: How Far Will It Run?

6. Something very important happened the
past few days… The US Dollar rallied
above the important resistance trendline.
I pointed out a few weeks ago. Here’s an
updated chart…

8. As you can see, the greenback rallied
strongly off technical support at $94 (red
line) in mid-October. The bullish
momentum is carrying the currency
above (green circle) the downtrend line
(green line) from the early 2015 highs.

9. Without question, we have a US Dollar
breakout on our hands.

10. What’s sending the greenback higher?

11. Last week’s FOMC meeting revealed the
US central bank is closer to hiking
interest than many analysts and
economists had expected.

12. Decidedly hawkish adjustments to the
Fed policy statement has investors
rushing into the world’s reserve
currency.

13. According to Fed Chairwoman Janet
Yellen a rate hike may come as early as
the next FOMC meeting on December
16th, 2015.

14. What’s this Dollar rally mean for
commodities?

15. As you’re likely aware, the precious
metals space has already had the spots
knocked out of it the past few days. Gold
is down $73 an ounce (-6%) from the
intraday high on the day of the FOMC

16. announcement, while silver has plunged
just over $1 (-7.5%). Given the recent
price action in precious metals, it’s not
hard to figure out the impact of a rising
dollar on commodities. Here’s the deal…

17. Should the US Dollar continue rallying in
coming months assets like gold, silver,
platinum, palladium, and crude oil, will
face continuedopposition to higher
prices.

18. But there is a caveat…

19. Should we see an unexpectedly bad
economic data point this month or next,
the US Dollar breakout could fail. And as
you may know, a failed breakout can
cause a violent price reaction in the
opposite direction.

20. In other words, a break below the red line
in the chart above is still possible.
Here’s where it gets very interesting…

21. In an appearance before a House of
Representatives committee yesterday,
Janet Yellen said the Fed would consider
negative interest rates should the US
economy “deteriorate in a significant
way.”

22. Folks, if anything’s capable of sending
the US Dollar sharply lower- that’s it.
Bottom line… Economic data over the
next few weeks will give essential clues
to whether the Fed will raise rates in
December or not.

23. But no matter what the Fed has in store
for us, commodity investors should be
monitoring the US Dollar chart closely.

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