June 17, 2016
Millar, Fortuity Risk Analytics
We simplify global financial markets to help our subscribers manage risk.
What really burst the commodity bubble
Did you know that the long-term price direction of commodities are heavily dependent on the long-term relative value of the US Dollar?
The Commodity Research Bureau (CRB) Commodity Index is made up of 22 economically sensitive commodities calculated with a base year of 1967, which simply means that in 1967 the Index had a value of 100.
The US Dollar Index is a weighted average exchange rate of major world currencies, which indicate the general international value of the US Dollar. Currently, the Euro represents 57.6% of the index, the Japanese Yen represents 13.6%, the British Pound represents 11.9% and the Canadian Dollar represents 9.1%, with all other currencies representing less than 5%. So, the US Dollar Index is most heavily influenced by the Eurozone economy and the European Central Bank (ECB)....
To continue reading click here http://hvst.co/1S9tdjn
The Commodity Research Bureau (CRB) Commodity Index is made up of 22 economically sensitive commodities calculated with a base year of 1967, which simply means that in 1967 the Index had a value of 100.
The US Dollar Index is a weighted average exchange rate of major world currencies, which indicate the general international value of the US Dollar. Currently, the Euro represents 57.6% of the index, the Japanese Yen represents 13.6%, the British Pound represents 11.9% and the Canadian Dollar represents 9.1%, with all other currencies representing less than 5%. So, the US Dollar Index is most heavily influenced by the Eurozone economy and the European Central Bank (ECB)....
To continue reading click here http://hvst.co/1S9tdjn
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