Will they be another recovery inbound Com dolls currencies
Over the past year we have seen ComDoll currencies have seen massive gain's over the last 6 months as we have seen the price of goods based on the US dollars go up as oil has been one of the only com's that have gone nowhere near flat. Recently, we have seen the Core Commodity Index stall out leading to smaller volatility in the face of a possible realization of a recovery during the summer of 2020. With the actualization of Covid-19 resurgence and lock downs whats the outlook in terms of commodity currencies?
I would like to believe that looking at how the Core Commodity Index and USD will give us hits on where the ComDolls go. At the moment Oct 1 2020 , over the last 4 trading days we have seen the dollar drop 1.18% and the CCI level out at a 2 month low. Over the next few weeks the blow that was received to markets around the world in Feb wont be seen instead, I believe that we will see a 2nd " Recover stage" like what was seen after the CB announced all the tools they had to sstableize the economy.
Well, we have come to the same issues and point that we were in 10 months ago with shutdowns crippling the economy the only difference is we know what to expect from the CB whatever they did in the past + more hence all the talk about a +2% inflation rate. What does that mean Currencies will get cheap across the world and real thing will become more expensive. As consumer currencies are sold to ever low levels.
Hence my out look on the CCI is bullish and intern I am bullish currencies that are tied to base goods.
I would like to believe that looking at how the Core Commodity Index and USD will give us hits on where the ComDolls go. At the moment Oct 1 2020 , over the last 4 trading days we have seen the dollar drop 1.18% and the CCI level out at a 2 month low. Over the next few weeks the blow that was received to markets around the world in Feb wont be seen instead, I believe that we will see a 2nd " Recover stage" like what was seen after the CB announced all the tools they had to sstableize the economy.
Well, we have come to the same issues and point that we were in 10 months ago with shutdowns crippling the economy the only difference is we know what to expect from the CB whatever they did in the past + more hence all the talk about a +2% inflation rate. What does that mean Currencies will get cheap across the world and real thing will become more expensive. As consumer currencies are sold to ever low levels.
Hence my out look on the CCI is bullish and intern I am bullish currencies that are tied to base goods.