Author: FX
Silver (XAG/USD) trades modestly higher on Friday as the US Dollar (USD) and Treasury yields ease following softer-than-expected US Nonfarm Payrolls (NFP) data. Despite the intraday bounce, the white metal remains on track for its first weekly decline in three weeks.At the time of writing, XAG/USD is trading around $84.27, up nearly 2.73% on the day after rebounding from a daily low near $80.17.Meanwhile, the escalating US-Iran conflict continues to offer some underlying support to safe-haven assets, helping limit deeper losses in Silver.However, rising Oil prices driven by supply disruptions through the Strait of Hormuz are fueling global inflation concerns.…
Inflation is “too high” and price pressures are broad basedRate policy likely to remain on hold for quite some timeFed policy is in a good position to navigate inflation and labor challengesRemains committed to meeting the Fed’s inflation mandateThe inflation problem extends beyond tariffsIt would take a lot to dethrone the dollar’s global roleNot hearing from contacts about a notable shift away from the dollarStablecoins could bolster demand for the dollarThe euro is not yet ready to replace the dollarThe dollar’s global role is supported by U.S. fundamentals, legal system, and credibilitySummary: The remarks carry a cautious but confident tone,…
It is Fed Collins turn to speak aa the clock ticks to the blackout period ahead of the Fed decision on March 18 starting after the close. Expects theFed rate target to hold steady for some timeNow is time for the Fed to be patient and deliberative with rate policyTo cut rates again, policymakers need clear evidence that inflation is ebbingSees no urgent need to change the current monetary policy stanceJob market appears relatively stableOutlook for inflation remains uncertain with upside risksExpects inflation to ease slowly toward the 2% targetFed policy is currently well positionedLatest developments on tariffs could bring…
U.S. officials are set to launch a $20 billion reinsurance facility designed to support Gulf shipping and help restart maritime cargo coverage. The program is expected to be unveiled on Friday by DFC Chief Executive Ben Black and Treasury Secretary Scott Bessent. According to the U.S. International Development Finance Corporation, the initiative will partner with U.S. insurance companies that have already been identified to participate in the program, helping provide additional insurance capacity for vessels operating in the region.The problem is how many warships are available to usher the ships through the Straits of Hormuz and at what risk?Nevertheless, oil…
Reports that Iran is launching attacks on US forces in Bahrain, and also attacking military base housing US diplomatic centered near Baghdad international airport. The price of crude oil is extending above the $92 level. The high price of just reached $92.61. The current price is trading at $92.20. That’s up $11.19 or 13.81% on the day.Earlier today, I highlighted the 5-minute chart and outlined levels that would tilt the bias more toward the downside and give sellers greater control. A key requirement was a move below the 38.2%–50% retracement of the most recent rally. The corrective move off the…
ECB’s Isabel Schnabel is is speaking and says:Temporary inflation overshoot is of little relevance if expectations remain anchored.ECB is still in a good placeIran war creates upside inflation risks.Central bank must monitor persistence of energy price shockPost-pandemic lessons suggest ECB must tread carefully. With inflation projected to be at our target over the medium-term, inflation expectations anchored, monetary policy remains a good place.Isabel Schnabel is a member of the European Central Bank’s Executive Board and is widely regarded as one of the more hawkish voices within the ECB. A German economist and former professor of financial economics, she has developed…
Kansas City Fed Pres. Jeffrey Schmid is speaking and says: Businesses are pausing on hiring.Labor market is under a structural not cyclical strainJeffrey Schmid leans to the hawkish side on the Federal Reserve. In his most recent public appearance on March 3, 2026, he signaled his continued opposition to further interest-rate cuts, stating that there is “no room to be complacent” as inflation remains “too hot”.His current policy stance is defined by the following key points:Opposition to Rate Cuts: Schmid has consistently voted against recent interest rate reductions, including formal dissents in late 2025 where he preferred to leave the…
Ziff Davis to sell Ookla and Downdetector to Accenture as part of $1.2 billion deal (March 3) Source link
Is Bitcoin still acting like “digital gold” or moving as a risk asset these days? In the span of just a few days, BTC/USD swung nearly $10,000 as it tumbled sharply on war fears then surged wildly on diplomatic hopes. If you’re confused about why Bitcoin is moving like a tech stock during a geopolitical crisis instead of holding steady like gold, you’re not alone. Let’s break down the market dynamics driving the OG crypto these days, shifting correlations with gold and tech stocks, and what trading lessons we can take away from its chaotic price performance. The Basics: Decoding…
The jobs report was a tough mess.It is just one month but it was not a good month.If we get several months like this data, it would be of concern.It is hopeful that we see continued progress on inflation. Hopeful that we can resume the rate cuts by the end of the year.Question is whether inflation rates will be temporary or is it long haul .Oil price shocks can lead to stagflationary direction. Stagflation is worst case scenario for banks.Reasons we are seeing low hiring, low firing is uncertainty.Remains hopeful we will see progress on inflationNon-tariff inflation has been disturbingly…