What to do with this silver (and platinum) move? ➡️ Suck it up and Initiate new long positions at market and chase the market in the belief that this can still kick higher.. better yet, leave limits to buy into modest weakness... Knowing that we're seeing incredibly strong

Asia more than happy to take these metals higher.... gold $4 from new ATHs, silver +0.8%, platinum +2.1% When you're hot you're hot.... 🔥

Melbourne show today with 3x kids 🫣… my market on net $ dropped - $805/810…

Bitcoin up 2.7% and in the green for 7th straight day in a row... since 2020 we've seen 21 other occurrences of such a run of form... 57% of the time price closes higher on the 8th bar/day... however, price is higher 10 days later (from the 7th higher close) in 90% of those

The Daily Fix: The ‘Buy Everything’ Rally Kicks On with Crypto Taking the Form from Gold The US shutdown rolls on and looks set to spill over into next week’s trade… not that anyone is truly expressing grave concerns about the fallout from the shutdown in broad market pricing.

Keep in mind that Taylor Swifts new album 'Life of a Showgirl' drops today... could suck liquidity from the market

LDP election possible reaction in JGBs, NKY225/Topix and the JPY... It will be interesting to see the reaction in the JGB futures open at 09:45 AEST / cash JGBs at 10am AEST ....the no brainer trade seems to be JGB curve steepeners, given Sanae Takaichi's fiscal expansionary

OPEC output increases are at low end of expectations… Channeling my inner Dennis Gartmen, going long two units of crude on open in JPY 😁

USDJPY now 149.44 (+197p) in interbank trade, just off the highs as 149.48. Obviously prone to exacerbated moves given the reduced liquidity dynamics at this time of the week, with bid-offer spreads c. 7 pips or so... but its a good indication of the moves on offer... while

G10 IR swaps pricing, and what is implied for the next central bank meeting, and the forward pricing 12-months out... We see that the ECB, BoE, Norges Bank, Riksbank, and SNB are firmly expected to keep policy rates unchanged at their upcoming meetings. The market currently

NKY225 futures +3.6% on reopen

JP IR swaps pricing now imply 5bp of hikes for the 30 Oct BoJ meeting (or a 20% probability of a 25bp hike), down from 14bp on Friday's close... What was seen as a live meeting is seen less so now... And we all focus on the Fed's loss of independence 😃

EURJPY into 175.38.....a new ATH in this cross rate... as they say, real men and women trade EURJPY

The Daily Fix: Trading a Market That Refuses to Go Down Just when you think the world has gone all-in on gold, silver, AI/semiconductors, and to a lesser extent crypto (where positioning and leverage are relatively less pronounced), we see fresh breakouts to new highs and new

Eyes on the RBNZ meeting in a little over 30 mins. As the BBG table below shows, Kiwi rates price a 42% chance of a 50bp cut - so if the RBNZ 'only' cut by 25bp, in theory, we could see an initial spike in the NZD.. Although that could reverse quickly if the statement reads

RBNZ cut by 50bp!! NZDUSD 0.5796 to 0.5757....

*MACRON WILL NAME NEW PM IN NEXT 48 HOURS: ELYSEE *MACRON NOTES MAJORITY OF LAWMAKERS OPPOSE DISSOLUTION: ELYSEE EURUSD has pushed up from 1.1600 to 1.1628, hard to say if it relates to these headlines or just traders covering shorts at the figure - I guess this could push back

The Daily Fix: The High-Momentum Trades Take a Breather… for Now The US cash trading session marked the point where a number of the well-subscribed, high-momentum trades/markets finally showed signs of exhaustion in the relentless buying, with sellers starting to have more of a

*LABOR DEPT'S BLS AIMING TO RELEASE SEPT CPI DATA BY MONTH'S END FOMC meeting on 29th, so may not be in time for the meeting... and no guidance on NFP