Fomc

The markets are bracing for another aggressive rate hike from the Fed/Cabal/Cartel today, and I'm certain they will not fail to deliver. The only currency that ...

session, and all the gains that were made in the currencies, and metals, were watered down by the close in the U.S. “Why can’t pirates recite the alphabet?” “Because they get lost at C (sea)” The jokes were pretty lame this year, and some of the trick-or-treaters were also lame because they came unprepared to tell a joke! Why Powell is unlikely to cement a pivot](https://www.fxstreet.com/analysis/federal-reserve-preview-dollar-buying-opportunity-why-powell-is-unlikely-to-cement-a-pivot-202210310808) Premium Gold has managed to extend its daily advance toward $1,660 in the second half of the day on Wednesday. The Phillies are on a roll, and get to play the next two games at home, meaning if they sweep, they would win the Series and not have to return to Houston. The ambush of the dollar in the previous overnight session, had no follow through in the U.S. The only currency that looks to have benefitted from the sell off in the BBDXY overnight is the Japanese yen… [Oil](https://www.fxstreet.com/markets/commodities/energy/oil) remained with an $88 handle throughout trading yesterday, as the verdicts began to com in from our friends (NOT!) at OPEC on their announced Oil production cuts… This rate hike, albeit, just 25 Basis Points, was the reason for the outperformance the night before in [the Aussie dollar](https://www.fxstreet.com/currencies/audusd) (A$) and kiwi. That was the 3rd consecutive, or in a row, rate hike by the ECB, and brought their internal rate to 2.0%... Silver started the day up 70-cents, but ended the day up 45-cents, to close at $19.70… Looks like inflation is winning, and will continue to win for some time, just like here in the U.S.