GRAINS: In 2008 they collapsed but they were at much higher prices than they are today. The current bear market started from higher numbers than seen in 2008 so having a dollar influence at this point is questionable.
CURRENCIES: All the currencies topped except the yen. It bottomed with the dollar. The Canadian had actually topped much earlier but never followed through until the dollar took off.The swiss topped at a lower price than seen today while the aussie, Canadian and eurofx topped from higher prices from where they are today.But they all have been in uptrends recently that could be set ups for a major correction this time around and a resumption of their downtrends if the dollar takes off.
METALS: Gold, silver and copper topped.Gold and silver were at lower prices but copper was at a much higher price than seen today.But the fundamental situation with gold and silver is different today. The strife around the world could put a floor in on any selloff in them even though they are higher than they were in 2008.
SOFTS: Orange juice had already topped over a year earlier (after historic new highs) and was attempting a recovery but sold off more with the dollar bottoming. Cocoa was at historic highs and topped with the dollar. Coffee topped from a lower level than seen today. Cotton had topped that March, just like this year, and was attempting a recovery. The dollar ended that. Sugar bottomed with the dollar.
ENERGIES: In 2008 they crashed and burned but they were at much higher historic levels. They are not there today but have plenty of room for selling.
INDICES: They topped out and had a very nasty correction.
INTEREST RATES (FINANCIALS): Bonds and notes bottomed when the dollar broke out in June.
MEATS: After the dollar broke out in June, they all topped that August but from much lower prices than what we see today.
So, if the dollar can finally follow through, its impact on other markets cannot be ignored.
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