EPISODE · Feb 16, 2024 · 14 MIN
MARKETS: Live Data Release Broadcast
from GoldFix · host VBL
This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: Good Morning. Hartnett is out today“US VP Harris is to meet Israeli President Herzog and will meet Iraq's PM al-Sudani at the Munich Security Council today.Why would you want to meet this person?”Contents* Current Prices * Yesterday’s Activity* Data Due* News* Markets/Metals Commentary* Market Gameplan* Attached: Yesterday’s Activity:* Precious Metals- Very niiice. But not escape velocity* Oil- strong and long* US equities- Meltup for Expiry* Bonds- started stong finished weak, nothing major* DX- weak and stable* Crypto- strong and fadingWeek’s Data:* MONDAY, FEB. 12 speakers and Monthly U.S. federal budget Jan* TUESDAY, FEB. 13 8:30 am CPI Day* WEDNESDAY, FEB. 14 Fed Speakers* THURSDAY, FEB. 15 Jobless claims, Retail sales, more below* FRIDAY, FEB. 16 Housing starts, PPI, Consumer sentimentFull calendarNews: News Links HERENOTABLE HEADLINES* Fed's Bostic (voter) said the Fed does not face an urgency to cut rates given the current economy and a strong economy argues for patience in adjusting monetary policy but added the Fed is likely soon to contemplate cutting rates. * US House Republican Emmer says the chamber will not pass another temporary spending bill to avert a shutdown when the current March 1st deadline expires.* Nordea believes the Fed will delay its first rate cut to September 2024. Given this, now look for the first Norges Bank cut in December (prev. September), with risks of no 2024 cut.GEOPOLITICS* US President Biden raised the situation in Rafah during a call with Israeli PM Netanyahu * US State Department said the US is working with Qatar, Israel and Egypt on the hostage talks* US VP Harris is to meet Israeli President Herzog and will meet Iraq's PM Al-Sudani at the Munich Security Conference today.* "Israeli newspaper Haaretz: Officials expect to conclude a deal to exchange detainees with Hamas within Ramadan month [March]", according to Sky News Arabia.* "Yemen said its armed forces fired missiles at a British ship passing though the Gulf of Aden on Thursday and scored a “direct hit” in their latest operation in solidarity with the Palestinians.", according to Tehran Times.* Japanese Chief Cabinet Secretary Hayashi said they are aware of comments made by North Korean leader Kim's sisterSome headlines via NewSquawkMarket Gameplan (Charts):* Gold- sellers of strength up to 2019 exist* Silver- 23.20* Oil* Stocks* BTC/ETH* BondsAttached: Gold comment, Hartnett’s Latest
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MARKETS: Live Data Release Broadcast
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