Commodity Chart Deck #14

Last week was risk-off time and you definitely saw it in the weekly performance. Moreover, the US Dollar seems to be the king of currencies again, because tapering is near.

The past trading week was again marked by enormous volatility throughout all commodity sectors. Why? After the latest FOMC statement, it seems like tapering is getting nearer and nearer. The announcement itself should already be made as soon as September. This could mean higher yields on the short end of the yield curve as well as a higher USD. So not t…