Marc Chandler – Big Central Bank Preview Week, Inflation and Rates Higher
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market blog, joins us to focus on the rise in US interest rates, recent inflation data and look ahead to a big week of central bank meetings and statements.
The yield on the 10 year is now over 4.3%, closing in on a 4 month high. With higher inflation data last week, rate cut odds have been lowered and pushed back to later in the year. We also tie the interest rate moves into currency trading specifically the US Dollar.
In terms of this upcoming week, there are a wide range of central banks meeting, including the Fed. Some countries might be raising rates (Japan) while other could start cutting and the Fed will release its dot plot. Undoubtedly some volatility this week.
Click here to visit Marc’s website – Marc to Market.
Freaking Marxist organization…. sheeple should wake up to the fact, which they will not….
Gold bottomed 18 months ago after 5 rate hikes totaling 300 basis points and has since risen 36% despite 6 more hikes totaling 225 basis points.
Price is now indicating the same bullish picture that momentum exposed late last year.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=9&dy=0&id=p20035839448&a=877923791
Gold looking good……………
The Fed Will Release Its Dot Plot!!!!!!!!!!! DT
Dragnet The Theme Song! https://www.youtube.com/watch?v=vB6buYYt-bA