Global stocks were in the green on Wednesday ahead of the Federal Open Monetary Committee's interest-rate announcement. Economists expect the U.S. central bank to keep interest rates low "for an extended period," even as the economy shows signs of improving.
But after the Reserve Bank of Australia raised rates for the second month in a row on Tuesday, experts told CNBC it is time to short Treasurys and bet on higher rates.
Short Treasurys and bet on higher rates, says Karl Eggerss, chief trader at LaffterFrishberg.com. Daryl Guppy, CEO of GuppyTraders.com charts the U.S. dollar index.
Dollar Weakens, Oil Rises
The greenback will weaken and oil prices will rise, says Daniel Cronin, commodities analyst at PitGuru.com.
Weakness in Dollar
The weakness of the dollar recently has been a reversal of the flight to safety trade, says Bob Baur, chief economist at Principal Global Investors.
Oil — The New Reserve Currency?
Oil is the new reserve currency, says Kevin Kerr, president & chief trading officer for Kerr Trading International. He tells CNBC what this means for oil direction. Daryl Guppy, CEO of GuppyTraders.com pulls out the charts on oil and the Baltic Dry Index.
Choose Silver Over Gold
Although Kevin Kerr, president & chief trading officer for Kerr Trading International is bullish on gold in the long-term, but he prefers silver to gold. Daryl Guppy, CEO of GuppyTraders.com charts gold & silver.