HomeMarketsFuturesUS Dollar Run Up Shows Risk-Off Sentiment | Be Cautious of Bitcoin
US Dollar Run Up Shows Risk-Off Sentiment | Be Cautious of Bitcoin

The dollar (/DX) is a risk-off asset that people go to, that and gold, and that's why we saw that run-up, says Scott Bauer, CEO of Prosperous Trading Academy. There's a growing concern about stagflation in the euro economy, which is causing the ECB to delay interest rate hikes, he adds. He says the JOLTS and CPI numbers are important. He and Ben weigh in on the run in crude oil (/CL) and bitcoin (/BTC). He would be cautious about bitcoin and points out the 42,000 to 42,50 level is important.

Futures

09 Mar 2022

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