PeterHannCFA
PeterHannCFA
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PeterHannCFA

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Capital Markets Trader/Analyst with over 25 years’ experience managing Foreign Exchange, Interest Rate and Commodities risk. Notable roles included 8 years at the Bank of Canada managing Canada's foreign exchange reserves and 10 years as Director of Forex Trading at Alberta's ATB Financial, a provincial crown bank. B.Comm/MSc, CFA X=@PeterRHann1

2.1kPosts
44Comments
51%Best ROI
PeterHannCFA
Public Post
Have a feeling banks will short silver on a hawkish cut. short term trade. will exit if no sell off occurs.
Bought 100%
didn't react to FOMC. closing out
SI

Silver Futures

8 Nov 2024

CLOSEDSHORT

Invested Capital

4.9%

Selling Price

31.88$

Buying Price

31.63$

ROI

0.80%

PeterHannCFA
Public Post
Futures markets still pricing in a 25bp rate cut by the FOMC this week, with about half another such cut in December. Bank of Canada the market expects to cut by 75bp more by January 2025. USD/CAD at 1.3955, expect some profit-taking at 1.4000 but could extend to 1.4200. 1.4600 the 2020 high levels.
Futures markets still pricing in a 25bp rate cut by the FOMC this week, with about half another such cut in December.