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Things Are Breaking
Gold fell $50.43 (or -2.95%) to close at $1,660.61 for the month. After several tests over the past few years, gold finally fell below the $1,700 support level as the U.S. dollar (USD) made 20-year highs and real yields made 12-year highs. In a rare occurrence, the USD and real yields have surged simultaneously the most in the past 25 years, a significant tightening of financial conditions. September saw substantial losses in most asset classes except the USD and volatility. The Fed has now conducted three 75 bps rate hikes in a row to bring Fed Funds to 3.25%, and market expectations of the terminal are now at ... (full story)
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From @fxmacro|Oct 5, 2022tweet at 11:40am: SAUDI OIL MIN: REAL SIZE OF CUT IS ABOUT 1-1.1M B/D tweet at 11:41am: SAUDI ENERGY MINISTER SAYS WE DONT KNOW HOW THE RUSSIAN OIL PRICE CAP WILL WORK
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From mishtalk.com|Oct 5, 2022The September 2022 Services ISM® Report On Business® is reasonably strong as expected in this corner but the comments ring true to what's happening. Key Points • “The Supplier ...
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From whitehouse.gov|Oct 5, 2022The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s ...
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From bnnbloomberg.ca|Oct 5, 2022The pound sank more than 2% as traders piled back into the dollar on bets that the Federal Reserve will stick to hiking interest rates. Sterling fell as low as $1.1227, snapping ...
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From zerohedge.com|Oct 5, 2022|1 commentWhat do credit traders know that equity traders are ignoring? While equity prices had risen for the last two days, dragged higher by the market's melt-up, Credit Suisse credit ...
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From zerohedge.com|Oct 5, 2022|1 commentAhead of Friday's big number, and following last month's dismal print (under its new model regime) which dramatically under-predicted the payrolls print in August, ADP was ...
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- Posted: Oct 5, 2022 12:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,063
