Author: FX
If you’re a gold trade, there is an article out today that highlights some very important points. It cites a handful of different analysts but the main point is that no one knows how much gold central banks are buying because any reporting on it is voluntary and they don’t want to be front run.China is reporting about 2 tonnes per month of buying but Soc Gen says purchases could be 250 tonnes this yearUnlike oil, where you can track it with satellites, with gold you can’tPeople are trying to spot patterns in orders for 400oz gold barsChinese reserves could…
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Oil has been batted around this week as the market tries to get a sense of what’s happening to Russian barrels and with the overall risk mood in markets. It was beaten up on Wednesday in a relatively calm day and then it rebounded yesterday and today despite the risk rout. Some of that suggests that oil is being used as a hedge and that helps to explain the heavy short interest. As books were pared down yesterday, the shorts were covered.Zooming out, the weekly chart shows that the volatility of the past three weeks is all still within the…
We’ve got a jobs report on the economic calendar.The BLS announced that it will release the Sept 2025 employment report on November 20, that’s next Thursday at 8:30 am ET.It’s ancient history at this point but it’s a start. This article was written by Adam Button at investinglive.com. Source link
Logan has said this before but it’s notable that she will be a voter next year.Says she would need to see convincing evidence of inflation coming down or jobs market worsening to support December rate cutOther regional voters are:Hammack (hawk)Kashkari (not a hawk but not as dovish as before)Paulson (said she favors gradual cuts)I can’t see any of them supporting a December cut except Kashkari but they won’t have votes. However if we do get a cut in December, I certainly can’t see any of them supporting a January cut, barring a change in the data. That starts to align…
Federal Reserve (Fed) governor Stephen Miran spoke at a Fox Business interview on Friday, stating that monetary policy should be forward-looking and that wage gains have moderated.Key takeawaysThe Fed buying gold is not consistent with its mandate.The change in border policy is disinflationary.Monetary policy should be forward-looking.It’s a mistake to let the job market get softer. Wage gains have moderated.Shelter inflation points to weakening price pressures.It’s a mistake to make policy on backward-looking data. The data we’ve gotten since September has been dovish.The data should make the Fed more dovish, not less.Data supports rate cuts.” US Dollar Price Today The…
Gold (XAU/USD) tumbles nearly 2% on Friday, yet it has recovered after reaching a daily low of $4,032 on growing speculation that the Federal Reserve (Fed) might pause its easing cycle as most officials struck a hawkish message.Bullion prices fell sharply during the day, but at the time of writing, XAU/USD trades beneath $4,100, down 1.72%.XAU/USD slides nearly 2% as policymakers push back on easing expectations and traders reassess odds of a December cutMoney markets trimmed their bets for the December meeting from 72% a week ago to about a 50% chance, with most officials worried about inflation despite acknowledging…
The Trump administration must be seeing polling numbers around inflation hurting. They’re playing some defense lately and now the administration is lowering or removing tariffs on:CoffeeBananasTomatoes BeefThe first two make sense because they don’t grow in the US and the third one is seasonal but the fourth one is puzzling. It’s good new for Argentina though.A hint on the inflation focus came from a Trump tweet earlier:“Cost, and INFLATION, were far higher under the Sleepy Joe Biden Administration, than they are now. In fact, costs under the TRUMP ADMINISTRATION are tumbling down, helped greatly by gasoline and ENERGY. Affordability is…
The Dow Jones Industrial Average (DJIA) lagged behind its major index peers on Friday, backsliding nearly 600 points at its lowest before staging a half-hearted recovery, trimming the day’s losses to around 250 points. The AI-focused tech sector is recovering from mid-week losses that continue to plague the steeply overinvested market segment. However, a recent bump in investment into the financial and building materials sectors is seeing a fresh drawdown as traders pile back into their preferred AI bets.Overweight valuations remain a weak point in the ongoing AI tech rally. Cloud computing services providers and chip producers continue to be…
BIO-key signals $1M–$3M renewal opportunity in Q1 2026 as partner network expands Source link