Commodities didn’t have a great day with silver and natgas both down over 2%

Commodities are mostly in the red across the board as we get closer to the Asia-Pac session.

The easy blame for this today was the stronger dollar, but to be fair the commodity/USD inverse correlation has been hit and miss over the last few months with a few occasions showing a positive correlation.

We also can’t blame a sour risk tone because equities attempted a recovery bounce after the prior session’s sell off.

This article was written by Arno V Venter at www.forexlive.com.