SPR miss! / UST 30y YTD high 4.55% / Swiss infl lower, CHF weaker / Copper, crude, commods, precious metals ⬆️ / NFP up next tom

#GOLD put simply, imho, central banks are/have been increasing their allocation to physical #XAU and reducing their allocation to #UST (allocation that may increase still but wont be reduced/changed for many years to come) >>> nobody can freeze the physical gold you have at home (sanctions won't work..), short-term overbought now but who will dare shorting it ?

Powell is desperately trying to justify a cut, putting aside any other macro reasoning, there is no specific economic reason for his views (can't hike as there is FAR too much debt..hiking would send markets into turmoil, and he is afraid the markets are beginning to notice !)... >>> The market is interpreting that the Fed is willing to accommodate higher inflation as it cuts rates, the markets wants to hear dovish speeches, ignore the rest

#EURCHF #CHF weaker overall to continue - Swiss inflation much lower again, to 1.0% in March. The consensus was expecting a rebound to 1.3% driven by electricity and rents

Fed governor Adriana Kugler's dovish comments that the #Fed is still on track to cut rates this year, despite clear evidence that #inflation is accelerating, (Powell thinking..)

Lower interest rates don’t necessarily improve housing affordability, Dallas FED thinks differently..

The U.S Department of Energy has canceled its latest tender for crude oil for the replenishment of the strategic petroleum reserve after oil prices moved higher than the DoE is comfortable with >>> what were they thinking when crude was $70 for months...!

Japan is ready to intervene in the currency market at any time should the yen weaken beyond its current range, given the extent of heightened warnings from key officials, according to the nation’s former currency chief >>> how ready?..

McKinsey will pay some of its employees to not work for nine months and look for another job - read that again

Australia watchdog is pushing to flush out funds’ greenwashing, Vanguard misled green bond fund investors..was all clear to see years ago, just a marketing craze it was

‘Lavender’: The AI machine directing Israel’s bombing spree in Gaza

JPMorgan cuts its price target on Tesla stock, now sees 32% downside, after delivery miss highlights growth concerns. Amazon cuts hundreds of jobs in cloud computing unit. APPL explores Robots as next big thing, after car project got nowhere..

Billionaire Steve Cohen said he expects that more businesses will move to a four-day work week, one of the reasons he’s made investments in golf

GS is very bullish copper. They see it at $12k/t by 2025, a +50% upside from current levels. "Decarbonisation, EV & solar demand, AI driven electrification and power demand surge are driving more demand for copper in a tight supply backdrop"

The Stock Market is in a bubble and the AI craze is getting out of hand warns SocGen