Marc Chandler – The “Hawkish Cut,” Dollar Strength, U.S.-China Trade Truce
In this Daily Editorial, we’re joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of Marc to Market, for insights on the Fed’s “hawkish cut,” dollar momentum, and the latest U.S.-China trade developments.
Key Discussion Highlights:
- Fed’s Hawkish Cut: 25bps cut but Powell cools talk of a December move.
- Dollar Momentum: Strong U.S. data and global weakness keep the USD bid.
- QT Pause Ahead: Fed to end balance sheet unwind in December.
- Trade Truce: U.S.-China deal lifts markets but long-term issues remain.
- Looking to 2026: Next Fed chair could steer policy in a more dovish direction.
Click here to visit Marc’s site – Marc To Market – https://www.marctomarket.com/
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Silver finished above its weekly KAMA. The last time it finished a week below it was 7 months ago.
https://schrts.co/ENUHKSzJ
Silver also achieved its best monthly close ever.
https://schrts.co/GhxHRTqT
It’s worth noting that the low for the month, which happened this week, didn’t even reach the upper monthly Bollinger Band and was further from the upper quarterly BB (and the upper yearly BB is way down at $38.
https://www.tradingview.com/x/4mVAlULU/
DOLLAR : Strength As Noted Above
It’s bouncing where it should but I doubt that it’s the start a significant move.
https://schrts.co/NtJbHYrB
Thank you, Matthew, for silver charts. Yahoo charts show that ISVLF in March 2011 was trading at $2.66. Big gap down. Waiting for the brighter future. Probably next year.
Alex, I think the correction since July is essentially over but we’ll find out soon.
https://schrts.co/AqDAjIYX
I bought more this week, btw.
https://schrts.co/ZMIpCwKp
I wish you at least 5X on that one.
Thanks! Impact will have its day.
I don’t know if it has been mentioned here but zinc is in severe backwardation and has been for two months. It’s also up 20% since the April low.
The guys, who did PP have significant loses with IPT.
That’s pretty common in the months following a financing. Defiance Silver’s PP participants (in June) are in the same boat.
Impact’s are currently much further underwater but Defiance was 28% under its financing the other day and in August and September. IPT is currently at -26%.
Silver finished the month higher versus gold (for the 6th month in a row).
https://schrts.co/tcxvikEc