Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Hi Joakim. The dollar is certainly steady. I think it’s a combination of both US and European factors. The US economy continues to show signs of growth and rates remain on schedule to be raised. Europe on the other hand is showing some weakness in their numbers, including Germany. Euro and UK central banks are not planning rate increases. Although the $ is strong things can turn around quickly. I am on the fence with my positions. I am long both silver and gold and short Brent. Not one of these positions is looking good. Brent in fact has been stronger than WTI which makes less sense considering the weak Euro economic numbers. I wish I could give you more encouraging words.