The main event of the month – the FOMC meeting – will be the focus of the week and is likely to move markets regardless of its outcome. The outcome will only play in determining market volatility and direction. A…
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…
Silver and gold prices fell again in the past week as the U.S. dollar kept rising and the market raised the odds of a December rate hike by the FOMC. Will this week be any different? The focus will shift…
The U.S. dollar kept climbing up in the past week as the U.S. GDP showed a growth rate of 2.1% — a bit higher than expected. But more importantly, the market is preparing for the ECB’s upcoming rate decision and…
As the U.S. dollar rallied against other currencies – mostly against the Euro and Yen – gold and silver kept slowly falling. Does it mean it’s only downhill from here on to the end of the year for precious metals…
The latest release of the minutes of the FOMC meeting didn’t much new information and in any case the tragic events in Paris at the end of last week took center stage all throughout the week. These events may have…
The weakness of precious metals continued in the past few days as the U.S. dollar keeps climbing and the market becomes more convinced that a December rate hike is a strong possibility. The gold and silver prices have not only…
The recent recovery of the U.S. dollar also led to a fall in commodities prices including oil, gold, copper and silver. Even though the market is more incline to believe the Fed will raise rates in December, it doesn’t seem…
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…