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Platinum (PL) — breaking down in high regime
Market prioritizing post-parabolic profit-taking and hawkish Fed repricing over WPIC March 4 deficit revision, with FOMC meeting April 28-29 serving as binary catalyst for directional resolution
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Market prioritizing post-parabolic profit-taking and hawkish Fed repricing over WPIC March 4 deficit revision, with FOMC meeting April 28-29 serving as binary catalyst for directional resolution
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Market consensus correctly prices consolidation ahead of late April Q1 CPI and May 6 RBA decision with positioning showing healthy derisking from March extremes while maintaining structural recognition of RBA hawkish floor at 4.10%
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Market pricing Fed on hold at April 28-29 FOMC with 89% probability keeping 3.50-3.75% range per CME FedWatch; bonds consolidating 112-118 awaiting May clarity with shallow easing trajectory priced through 2026-27 as J.P. Morgan now forecasts zero cuts in 2026
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Mixed to cautiously bullish with fundamental analysts acknowledging April 9 WASDE oversupply confirmation yet noting intensifying Southern Plains drought creating production tail-risk while technical analysts highlighting uptrend establishment above moving averages creating conflicting narratives wi
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