MarcusWilliamson
Short

USD Devaluation driving Oil Price Rallly and Gold Strength

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
The recent devaluation of the USD is serving purpose to make way for future rate hikes by the FED without causing EM volatility and issue with China's currency peg. As the USD devalues it also pushes up Oil             prices which provides relief for entities with Oil             based junk bond exposure (Aka US banks).

I see the devaluation as a short / medium term trend as a relief valve for policy normalisation. It should also stoke up some inflation to further give strength to the 'recovery' dialogue.
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