The high volatility in the financial markets has also kept moving gold and silver prices – albeit mostly downward. Although they did bounce on Friday, precious metals were still down for week: gold and silver fell by 2% and 5%,…
The U.S. GDP came up higher than expected at 3.7%. And this was enough to through China’s woes out the window and drive back up equities and energy commodities prices. But this could all change if the upcoming NFP report…
The recent news from China regarding the low manufacturing PMI, which reached 47.1 the lowest since 2009, has brought down the U.S. stock market. And even the minutes of the FOMC seem to have lowered a bit the odds of…
The ongoing concerns over China’s economic growth has dragged down the U.S. stock markets and energy prices have also declined. The minutes of the last FOMC meeting didn’t offer a lot of insight either than keeping the markets guessing on…
The Chinese move to devalue its currency was a step in the right direction for China’s economy. But for now there are no expectations for any additional sharp changes in the value of the yuan. The bullion market seems to…
The recent decision of China to allow its currency to slightly devalue has caused a sharp rise in volatility mainly in the foreign exchange market. Now that the talks of additional devaluation has subsided, the focus in the financial markets…
The NFP report came close, but still a bit short, of market estimates. This report, however, didn’t provide any clarification about the Fed’s rate hike timing, if at all, any more than the FOMC meeting did in the preceding week.…
The NFP report didn’t turn out to get a strong market reaction considering it came very close to market expectations with a gain of 215K. But another fair report is still another chip for the Fed to consider raising rates…
Never a dull moment for bullion investors in the past months: Last week, bullion prices bounced back, even though other major commodities mainly in the energy sector kept coming down. The rally came when the FOMC, wait for it, didn’t…
The FOMC, as usual, didn’t make any major changes to its policy and didn’t offer any big headlines. But this was interrupted by the markets that there won’t be a September rate hike. Also, the U.S. GDP for Q2 came…