![Commodities Businessman representing recessionary, stagflation or inflation economies with graphs of the stock market as a concept of raw material. Financial world crisis concept.](https://img.capital.com/imgs/articles/263x190x1/shutterstock_2176844219.jpg)
Strength to strength in the commodity space, however, topside exhaustion begins to creep in
![Alphabet logo displayed on a phone screen and Google logo displayed on a laptop screen are seen in this illustration photo taken in Krakow, Poland on October 30, 2021 Alphabet logo displayed on a phone screen and Google logo displayed on a laptop screen are seen in this illustration photo taken in Krakow, Poland on October 30, 2021](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1236230530.jpg)
A preview of Google parent company Alphabet's fourth-quarter earnings after announcing its plans to cut 12,000 jobs.
![Deutsche Borse Stock Exchange trading floor Deutsche Borse Stock Exchange trading floor](https://img.capital.com/imgs/articles/263x190x1/GettyImages-148520913.jpg)
The DAX 40 faces a key confluence area that could limit the gains in the German index even if risk sentiment continues to improve
![Chairman Jerome Powell Holds A Press Conference At The Federal Reserve Chairman Jerome Powell Holds A Press Conference At The Federal Reserve](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1449167178.jpg)
The US dollar remains under pressure as markets struggle to believe the Fed will be able to keep rates elevated throughout 2023 and 2024. Will that change?