The bullion market has taken a beating last week as the risk-on mode has gained momentum following the relief from the tension over the French elections and relatively robust earnings in the U.S. But this week the focus will shift…
The first round of the French elections is over and now that it’s a head to head match between Macron and Le Pen the markets could refocus their attention on the ECB’s next move – at least until the second…
The recent CPI and retail sales reports, which were released on Friday when the markets were closed, may have brought in a new wave of dovishness to the markets: These reports – mostly the CPI that showed an unexpected drop…
The employment situation in the U.S. is still on solid ground with unemployment dipping to its lowest level in years; and even the broader unemployment rate (U6) measure has fallen to its lowest since December 2007. But the number of…
The talks over the Trump trade continue to cool down as the markets are slowly adjusting to the fact that perhaps there will be far fewer legislations passed under the current administration – including on tax reform, health care and…
The recent debacle of the GOP over its attempt to pass healthcare legislation (repeal and replace the ACA) has put into question, at least for some market participants, whether other legislations will pass – including tax reform. This shift help…
The NFP report came better than expected – 235K jobs added in February – enough to clear the path for the Fed to raise rates in the upcoming meeting that will conclude on Wednesday. This news, however, doesn’t vote well…
Fed officials were able to influence markets that a rate hike in March is a very likely option. This shift has not only raised long term interest rates but also bullion price. This week the markets will look for additional…
The bullion market is still on a roll with gold and silver gaining nearly 2% last week, as the USD devalues against the Yen and long term interest rates fall – the 10yr Treasury yield fell to 2.31 on Friday…
Despite the range bound of U.S. long term treasuries – e.g. 10 year bond yield has been trading mostly around 2.4-2.5 for the past couple of months – gold and silver have gained some momentum and are up by 7.6%…