If we see higher USD and reversal of the bearish trend, then it is highly likely that we will see lower prices of the commodities.
Higher metals prices theoretically should benefit the commodity-heavy FTSE 100 but that catalyst is also
fading. In the past month the U.K. benchmark index is little changed while the London Metal Exchange LMEX Index has risen over 6%. The positive correlation has dwindled to virtually nothing. This means that the higher prices are caused by the lower USD and not from the risk appetite but this may change.
Source: Bloomberg Pro Terminal
Trader - S. Fuchedzhiev
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