The recent meeting by the FOMC ended, no much surprise there, with the historic rate hike. But because the FOMC has been preparing us for the hike for such a long time, the reaction in the market was quiet subdue…
The FOMC Awakens
Category: News by Region
U.S. NFP Grew by 211K in November | Gold and Silver Rally
The U.S. non-farm payroll presented a slightly higher than expected: 211K jobs were added in November. The ADP report estimated a gain of 217K jobs and the market expectations were at 201K for November. The growth in wages also rose…
U.S. GDP Grew By 2.1% in Q3 – Now What?
The BEA published U.S. GDP (second estimate) for Q3 2015: The growth rate reached 2.1% – 0.1 pp above market estimates. In the first estimate the GDP growth rate was only 1.5%. And in Q2, the GDP grew by 3.9%.…
U.S. NFP Rise by 271K in October | Gold and Silver Plunge
The U.S. non-farm payroll report showed a much higher than anticipated gain in jobs with 271K jobs added in October. The ADP report estimated an increase of 182K jobs and the market expectations were at 179K for October. The growth…
When Fed Doves Cry — MM #74
The Fed adopted a more hawkish stance and this has implications for the USD, stocks and commodities all the way to the December. We begin by analyzing the statement, continue with discussing US growth in a new light, looking at China…
U.S. GDP – Only a 1.5% Gain in Q3
The BEA released its update on the U.S. GDP (first estimate) for the third quarter: The growth rate reached 1.5% in Q2 – only 0.1 pp lower than market expectations. But this news came after the Fed released a relatively…
Will The Fed Do the Old Switcheroo?
So the Fed, no surprise here, decided to keep rates unchanged in its penultimate meeting for the year. The Fed also noted that it will decide whether it will raise rates in December — since the Fed mentioned December many…
No News Is Bad News for USD – MM #71
The meeting minutes from the Fed didn’t show the decision was close and that was bad news for the greenback. After starting with the minutes and other central bank reactions, we move to rising oil (certainly correlated) and the upcoming events –…
The Good And Bad In The U.S. Labor Market
The non-farm payroll data came short of market expectations with a gain of only 142,000 jobs. Moreover, the report also presented revised-down figures for the months of July and August – a revision of a total of 59,000 jobs for…
Another Disappointing U.S. NFP of Only 142K in September | Gold Rallies
The market expected and the Fed needed a strong NFP report to reduce volatility and raise the odds of a rate hike this year. Oh well – not this time. The U.S. non-farm payroll report came up short again with…