Crude Oil, Bitcoin, & The Dollar: The Trend Is Definitely Lower
Schwab Network
English - April 18, 2023 15:14 - 6 minutes - 90.8 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The trend is definitely lower, so now we've gone from maybe people trying to buy dips to sell rallies and that's something to watch, notes Chris Robinson. He monitors recent price action in the U.S. dollar (/DX). The U.S. dollar hit a new year-to-date low last week. He also talks about catalysts for today's weakness in crude oil (/CL). He then discusses how bitcoin (/BTC) falls back below $30,000. He then goes over how the issues with the big banks benefitted bitcoin and gold (/GC). Tune in to find out more about the stock market today.