This is the time when the two competing narratives over the Fed’s path of rates get to test each other. STIR markets have been pricing in two rate cuts this…
The outlook for the Federal Reserve is mixed. On one hand, the US economy could be heading towards a recession next year. The November FOMC minutes stated that it was…
Last week the FOMC minutes showed that the Fed now saw a US recession for 2023 as pretty much a ‘base case’. This was a surprise revelation and allowed markets…
Why is silver demand expected to rise sharply in India? Quite simply, because of pent-up demand post-Covid. Supply chain issues and falling demand meant silver demand was pressured in 2020…
It was on Friday 21st October that the first indication of a Fed slowdown in rate hikes started to become apparent. Fed’s Daly was the last Fed speaker before the…
One ratio that precious metal traders must know about is the gold/silver ratio. This ratio shows the price of silver relative to gold. When the gold/silver ratio is high it…
The reaction to the last Non-Farm Payroll print was based on the view that the Federal Reserve would not need to pivot and a 75 bps rate hike was coming.…
What is the Fed Pivot? The ‘Fed Pivot’ is a micro-narrative that has developed recently in response to slowing US data. When US data prints negatively, then the prospect of…
Monday started with a risk-positive footing after the miss from the US ISM Manufacturing data. A miss across the board sent investors running to sell the USD, buy gold and…
On Friday we have CAD jobs data and the US NFP data. Both reports are worth catching and here is the outlook and what to look out for. Canadian jobs…