The copper has seen better days. Currently, copper prices are at $2.25/lb — a year low. The big question is where this metal it heading? China the world’s largest copper consumer keeps popping up in the news as the economic outlook…
The BEA published its recent update on the U.S. GDP (third estimate), in which the growth rate reached 3.9% in Q2 – market expected no change from the previous estimate of 3.7%. This news along with FOMC Chair Yellen’s hawkish…
Another storm in a teacup, no rate hike, more promises about raising rates down the line – after all the dot plot showed most members still think a rate hike is in the cards in 2015 – and another anticlimax…
The U.S. non-farm payroll report came up short with only 173K jobs added in August. The ADP report estimated an increase of 190K jobs and the market expectations were at 220K for August – this means the NFP came by…
So the recent U.S. GDP report (second estimate) came out and showed a higher-than-expected growth rate of 3.7% in Q2 –market expectations were around 3.2% and the pervious estimate was only 2.3%. This was enough to drive back up equities…
The U.S. non-farm payroll report presented another solid, albeit not too surprising, increase of 215K in July – again in line with market expectations. The ADP report estimated an increase of 185K jobs and the market expectations were at 224K…
The U.S. GDP grew by 2.3% in the second quarter – this came a bit short of market expectations, which were 2.7%. This growth rate, however, is still much higher than in Q1 when the GDP expanded by only 0.6%.…
The FOMC concluded its meeting and released another statement that didn’t offer much new information about the timing of the first historic rate hike. I know what you think – shocker! Well to be fair, there were modest changes to…
The recent plunge in the price of gold took many, including your truly, by surprise. Well, the timing of the 2.2% drop in the price of gold on Monday, July 20th wasn’t expected – as any flash crash should be.…
Greece tops the headlines and for good reasons. The reverberations go well beyond the debt stricken country. And from one such country to the other, we move to Puerto Rico and make the necessary comparisons. We then cover the NFP and…