“We are having a little sell-off and a stronger dollar is definitely having an impact on it,” said Phil Streible, a Chicago-based commodities broker at RJO Futures. “The Fed is probably not going to announce any quantitative easing today.”
“The U.S. economy is continuing to pick up and we are seeing that in retail sales,” Streible said. “The U.S. is well ahead of most other countries in the recovery curve and that’s attracting investors to the U.S. dollar.”
To read the full article with Phil's comments, please go to Bloomberg.com.
Series 3 Licensed
Senior Commodities Broker
Early in his career Phillip began trading his own account as a screen trader focusing on the metals, grains, and stock indices. He then became a Series 7 licensed financial consultant with A.G. Edwards. Later, he expanded his trading experience into a Series 3 licensed commodity broker with Investment Analysis Group. Most recently he was a senior market strategist at MF Global before joining RJO Futures in October 2011 as a senior commodities broker.
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