The market sentiment remains bearish in the markets – in part driven by the lingering adverse impact the disappointing NFP report. This sentiment helped bring down long term interest rates, which in turn, also coincided with the recent rally of…
The highly expected FOMC meeting will take center stage this week and will eclipse the major economic reports that will be released this week. Nonetheless, until the FOMC statement is released, some economic data could drive market sentiment; some of…
The NFP report made it rain again for the gold and silver as their prices recovered following the extremely lower than expected headline figure of only 38K jobs in May; even the mitigating factors (the Verizon labor dispute) could have…
The latest NFP report fell short – really short this time! – of market expectations with only 38K jobs added in May. And even though wages still grew at a pace of 2.5% per annum, the headline figure was really…
Precious metals took another dive this week after the hawkish FOMC minutes kept resonating the markets. And the recovery of the U.S. dollar – mostly against the Euro and Yen – also contributed to the weakness of the bullion market.…
The market is slowly adjusting to a possible rate hike in June by the Fed and even Chair Yellen in a recent interview stated that a rate hike in the coming months could be appropriate; but before the Fed meeting,…
Gold and silver took another hit this week mainly after the minutes of the last FOMC meeting were released and managed to convince the market that a June rate hike is a viable option – albeit the chances are still…
The recent hawkish FOMC minutes were enough to drive back up the USD and bring down equities as the markets adjusted expectations regarding a possible rate hike. This week’s main reports and events include: U.S. core durable goods, EU manufacturing…
The bullion market lost some steam over the past week as the USD rallied against the Euro and Yen; overall gold and silver declined by 1.6% and 2.3%, respectively, on a weekly scale. Looking forward the focus in the markets…
The volatility in the financial markets remains elevated over economical and geopolitical unrest including: Concerns over a possible Brexit, Greece’s debt problems, China’s economic slowdown, the U.S. presidential primaries and the Fed’s monetary policy, just to name a few. Besides…