The moment the US equity market opened, the USDollar surged (driven by JPY and EUR weakness) and oil, gold, and silver mirrored the surge, tumbling from the open. Interestingly, while WTI is remaining near the lows of the day, gold and silver are bouncing back despite continued USD strength.
Stocks are open.. buy USDs and sell JPY and EUR!!
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And commodities react...
[3]
and from Friday's close, WTI is back to unch...
[4]
Charts: Bloomberg
