The minutes of the FOMC meeting showed its members aren’t ready to raise rates in the next meeting later this month. But a June hike is still a possibility. In any case, the USD continues to lose ground – mostly…
Gold and silver moved in an unclear trend last week as Yellen’s speech cooled down the bullion market while the NFP dragged it back down. This week isn’t likely to be much different with the upcoming release of the minutes…
The labor market in the U.S. isn’t slowing down as the recent NFP showed another gain of 215K and a modest bump in wages. The markets are likely to keep digesting this news at the beginning of the week. Looking…
Precious metals changed direction and declined – along with other commodities – as the USD bounced back against the Euro and Japanese yen. Will the recent fall in gold and silver prices continue? Or will bullion prices change course again…
After a slow week, the markets are expected to present higher trading volume and this week is a bust one with: Yellen’s speech, U.S. NFP, China’s manufacturing PMI, EU flash CPI, U.S. PCE, Canada’s GDP, U.S. manufacturing PMI. So let’s…
Gold and silver received another boost from the FOMC. The Fed, as expected, didn’t change its cash rate but it did revise down in the dot plot the outlook for the cash rate from 4 hikes to 2 this year.…
The Federal Reserve released a dovish statement that including lower outlook for the Fed’s fund rate in 2016-2018 and even the terminal rate was reduced by 0.25 bp to 3.25%. So without making any changes its cash rate or introducing…
Precious metals will face another stormy week with the upcoming FOMC meeting. Following the latest ECB monetary meeting that concluded with rate cuts and augmented QE program, gold and silver moved in an unclear trend on a weekly scale and…
The market expected a lot from Draghi and he sure delivered in the recent ECB meeting for more QE and lower rates. This week, the focus will shift back to the U.S. with the FOMC meeting. But there are also…
Gold and silver started off March with a bang: Their rally came even though the U.S. dollar didn’t do much against the Euro or the Yen, and the long term interest rates starts to rise again. Even the recent NFP…