The U.S. non-farm payroll fell short of market expectations with 151K jobs in August: The ADP estimated a gain of 177K jobs while the market expect a gain of 180K. The growth in wages, was also lower than expected as…
Bullion prices took another beating in the past week as the markets are slowly raising the chances of rate hike this year by the Federal Reserve. But this could all change if the upcoming NFP report falls short of market…
The talks over a possible rate hike in the past week have also helped pull up the USD and bring down commodities prices. And this week’s NFP report will play a key role in moving market expectations regarding a possible…
Gold and silver didn’t do much last week as the markets await for a signal from the Federal Reserve about the direction its cash rate; so far the market has been receiving mix signals from Fed officials and even the…
This week’s Jackson Hole Symposium will have the markets looking forward for Yellen’s speech on Friday, but this speech could end up disappointing as it may not provide more guidance from the Chair of the FOMC. Other reports and events…
Precious metals prices remained relatively flat throughout the week; the recent economic data from the U.S. including retail sales were slightly disappointing but not enough to change much market sentiment nor interest rates. Looking forward, some major economic data from…
The volatility in the markets may have subsided. But this week we will see several hard data points from the post-Brexit UK; these economic reports are likely to lead the way in the financial markets including CPI, Claimant Count Change…
Gold and silver didn’t perform well last week as the NFP report showed, once again, a better than expected headline figure with a growth of 255K jobs – compared to an expected gain of 180K; also, the BOE, as expected,…
The NFP report showed another sign that the labor market is doing well and on its road towards full employment; this also means a higher chance of a rate hike this year. The BOE also helped weaken its pound by…
The bullion market kept recovering as the FOMC and BOJ didn’t change their policies. And the disappointing GDP report for the U.S. – only 1.2% growth vs. 2.6% exp. – was enough to drive further up gold and silver prices.…