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Coffe

Have a coffeeThe Coffee and the dollar The price is above a key support zone, between approximately 96.4 and around 95, it fails to recover because exports are in sharp decline as the currencies of the exporting countries are affected by this devaluation against majors like the US dollar, tending to limit sales so as not to lose too much. All of this,  has caused exports fall from the country that produces the most (Vietnam) by almost 40% compared to January (customs data published in the session on Friday). So this is a commodity that is particularly affected by the weight of the US dollar: the USD should continue to strengthen during 2019 (especially the second half), it is likely that coffee will continue to remain weak (except for sudden changes in the supply/demand ratio ). Now technically, however, it could be a good entry into this area (97) with a short-term target towards 104. A closure below 95, will ensure that the descent continues until new period lows.
ICEUS:KC1!
by BFCMInvest