Greatest probability of 0.5% hike from the Fed. The NFP/labour market reports are a fallacy if you look at the revisions. The Fed wants a strong dollar otherwise they risk importing all the inflation they've exported and they want a strong dollar leading into a weakening economy.They have a mandate to hike until something breaks. 2% chance of a soft landing. .
Nice H&S on gold. A 50% retracement takes it back to the 1875 level.
Greatest probability of 0.5% hike from the Fed. The NFP/labour market reports are a fallacy if you look at the revisions. The Fed wants a strong dollar otherwise they risk importing all the inflation they've exported and they want a strong dollar leading into a weakening economy.They have a mandate to hike until something breaks. 2% chance of a soft landing. .
Nice H&S on gold. A 50% retracement takes it back to the 1875 level.
Powell : 25 and Hawkish....