USD/JPY Reversal Drives USD Bounce, Can ‘Sana-Mania' Keep it Going?
Two weeks ago, it was panic and fear permeating the headlines as widespread accusations of Yen-tervention pointed to the possibility of a larger episode of carry unwind. With Japanese Yen rates remaining low as the rest of the world recovered, a large carry trade built as investors could get cheap capital out of Japan and invest it elsewhere where rates were higher.
Gold Weekly Price Analysis – Gold Bounces for the Week After Drop. Can Trend Continue?
The gold market has been above $5,000 and tested $4,400 in the same week, which of course is crazy, and people have to be careful in this environment. Gold has a ton of things working in its favor longer-term, but in the meantime, we are struggling.
Gold surges over 3% as dip buyers pounce on weaker USD
Gold surges over 3% as dip buyers pounce on weaker USD
Silver Price Weekly Analysis – Silver Has a Horrible Run Over the Last Two Weeks
Silver has been all over the place during the week, breaking above $90 and breaking well below $70 as we continue to see a lot of questions asked about the trend, and gravity it seems.
Fed Reverse Repo Operation Draws $3.111 Billion from 7 Counterparties
The Federal Reserve's latest reverse repurchase operation saw participation from seven counterparties totaling $3.111 billion, up from the previous $1.748 billion with six bids. This increase indicates heightened demand for short-term liquidity management tools among financial institutions.
Bessent Highlights Strong Dollar Policy in Economic Context
Bessent emphasizes that the strong dollar policy is shaped by underlying economic actions and conditions. The statement underscores the strategic approach to maintaining a robust dollar amidst the current economic backdrop.
Senators Accuse Federal Reserve of Incompetence, Says Bessent
According to Bessent, senators have publicly criticized the Federal Reserve, alleging incompetence in its recent actions. This reflects growing political scrutiny of the Fed's policies and decision-making processes.
Bessent Says Decision on DOJ Investigation into Fed Lies with Pirro
Bessent states that it is up to Pirro to decide whether the Department of Justice will investigate the Federal Reserve. This highlights ongoing discussions about potential legal scrutiny of the Fed's actions.
US Treasury Secretary Bessent Clarifies President's Firing Threat on Warsh as a Joke
US Treasury Secretary Bessent stated that the President's remark about firing Warsh if interest rates were not lowered was intended as a joke. The comment addresses concerns over monetary policy and interest rate decisions.
Gold (XAUUSD), Silver, Platinum Forecasts – Silver Gains 9% As Traders Buy The Dip
Silver gained strong upside momentum in a wild trading session.