$XAG
🗽🇺🇲 dollar strength continues ⚡️🧐
after warsh fed chair nomination, dxy surged 1% friday, added 0.2% monday ,now at 97.010 🧐
context ,warsh is pro rate cuts but has been critical of fed balance sheet expansion ,market reads this as potential monetary supply reduction. last week's precious metals dump + dollar bounce came from this 👀
ing comment is key. "dollar selloff looked too disconnected from macro story." overbought gold/silver correction providing additional dollar support 👀
this week's variables 👌
friday nfp. expectations 67k (prior 50k). unemployment expected flat at 4.4%. fed held after three consecutive 25bp cuts last week, citing "signs of unemployment stabilization
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌