| Commodities slumped for a third week in a row to their lowest level since July 2009 as economic data pointed towards continued weakness in China. Meantime, the US Federal Reserve is continuing on track towards the beginning of normalising rates sometime next year. In Europe, the European Central Bank began its long-term refinancing operation (LTRO) while the biggest ever IPO, Alibaba, hit the market.
Scotland went to the polls and chose not to separate from the rest of the United Kingdom. This returned the focus on the dollar, which resumed building on its current positive momentum. The current divergence between Europe and Japan versus the US has resulted in the dollar rising for a tenth straight week, which, according to Bloomberg, is the longest rally since 1967. ..............................................Full Article: Source
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