Precious metals prices bounced back as the U.S. dollar devaluated against the Euro – mainly after ECB’s Draghi didn’t meet market estimates and only reduced the deposit rate to -0.3% without introducing an expansion of QE. And then the NFP…
The NFP report didn’t cause too many waves as it was only slightly higher than anticipated and came after the ECB’s rate cut, which didn’t meet market estimates, and Yellen’s testimony that reaffirmed market expectations for a December hike. So…
Gold and silver prices took another hit after the latest NFP report showed a much better than expected growth in jobs of 271K – the market expected a gain of only 179K. This news reignited the belief that the Federal…
The NFP report was better than expected with a gain of 271K jobs and growth in wages of 2.5%. This report rekindled the belief of a possible rate hike by the Fed in December. On this week’s agenda: U.S. JOLTS,…
The minutes of the FOMC didn’t offer much news and left the market guessing as to the timing of the Fed’s rate hike. On this week’s agenda we have the U.S. JOLTS, BOJ’s minutes of last meeting, EU CPI, U.S.…
Following the stronger than expected U.S. GDP report, the non-farm payroll came short of market expectations with 173,000 jobs – 47,000 jobs lower than anticipated. This news reduced but didn’t eliminate the chances of the Federal Reserve raising rates in…
The recent non-farm payroll – showing a gain of only 173K jobs in August — wasn’t too impressive at first glance, but a closer look shows the report wasn’t too bad — with upward revisions of previous months, modest gain…
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…
The non-farm payroll brought further up the USD against leading currencies as it showed a rise of 280,000 jobs – higher than market estimates. This news is likely to resonate in the financial markets as it raises the odds of…
The bullion market showed high volatility as gold and silver rallied during most of the week until the end when the non-farm payroll report showed a higher than expected gain in number of jobs. This week the JOLTS report will…