Thu, Oct 28, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Believe It Or Not – Silver will be the Top Performing Asset in 2017

Posted on 14 September 2016

The much awaited Jackson Hole speech by the Fed Chair Janet Yellen – and the subsequent nonfarm payrolls data failed to ignite the prospects of a rate hike this September of 2016. The market now forecasts only a 21% probability of a rate hike in this month, according to the CME FedWatch Tool. The probability of a rate hike in December of 2016 stands at just above 50%.
Time and again, I have explained why the Fed cannot hike rates in 2016. Contrary many market experts, my view has stood the test of time and has come to fruition. According to my research, the chances of a rate hike in December of 2016 are also very bleak. Nonetheless, the Fed speakers will continue to “jawbone” the dollar, the way they have been doing for the whole year………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
October 2021
S M T W T F S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31