What A Week For The Buck

King Dollar is kicking ass this week and we can only hope that, by next week, it will begin to run into some resistance. For now, though, it has been driven relentlessly higher since Sunday evening and there's no end in sight today.

And wow, is this ever frustrating. As per usual in August, nothing else seems to matter for PM prices besides the HFT algo inputs. So, if bonds are dumping and/or the POSX is rallying, then you know we're going to be in for a tough time...and so we have....

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Key Economic Events Week of 12/5

12/5 9:45 ET S&P Services PMI
12/5 10:00 ET ISM Services PMI
12/5 10:00 ET Factory Orders
12/7 8:30 ET Productivity
12/7 8:30 ET Unit Labor Costs
12/8 8:30 ET Initial Jobless Claims
12/9 8:30 ET PPI
12/9 10:00 ET UMich inflation exp.

Forum Discussion

by Titus Andronicus, Dec 3, 2022 - 1:57am
by Titus Andronicus, Nov 26, 2022 - 10:18pm
by Island Teal, Nov 26, 2022 - 2:54pm
by Titus Andronicus, Nov 14, 2022 - 10:32pm