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June 17, 2023 | Tech Talk for Saturday June 17th 2023

Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

Changes in currencies are having an important impact on equity and commodity pricesThe U.S. Dollar Index and its related Exchange Traded Note (Symbol: UUP) moved significantly lower following news on Wednesday from the Federal Reserve that it plans to maintain the Fed Fund Rate at 5.00%-5.25% for now. In response, world currencies and commodities priced in U.S. Dollars moved significantly higher, led by strength in grain prices and the Canadian Dollar. 

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June 17th, 2023

Posted In: Tech Talk

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