Opening Statement from the August 2017 CCPM Forecaster 

Opening Statement from the August 2017 CCPM Forecaster 

Originally published on August 6, 2017 

With no surprise the weakness in the US dollar continues.  Although we believe the US dollar index will break down below the 92 bullish support increasing the chances of a reverse in the longer-term bullish trend, we believe this break down is not likely to occur during this trading cycle.

Along with better than expected economic strength in China and Japan, the somewhat mild but steady improvements seen throughout much of the European Union have helped put a floor in commodities pricing. But the oil pricing saga is likely far from over.

Interest Rates

Based on our analysis of current economic data we believe the Fed will pass on a rate hike during its September meeting. We believe...