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MarcusWilliamson MarcusWilliamson CL1!, D, Short ,
CL1!: USD Devaluation driving Oil Price Rallly and Gold Strength
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CL1!, D Short
USD Devaluation driving Oil Price Rallly and Gold Strength

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 ...

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