The big event of the week will be the aftermath of the Greek referendum — the results are in: 61% voted “No” against the bailout terms of the EU. Besides the Greek Drama, last week the non-farm payroll report was close…
The recent NFP report wasn’t far off the market estimates as 223K jobs were added back in June, albeit the overall it wasn’t too impressive with lower participation rate and no gain in wages. But for this week the main…
After a slow movement of gold and silver prices throughout most of the month, their prices took a turn and fell last week on account of the strengthening of the US dollar against the Euro and Yen. The Greeks, much…
It was supposed to be short week that will focus on the latest non-farm payroll report, alas the Greeks will take center stage again as they will have a referendum on the proposed bailout plan set on July 5th. Athens plead…
Precious metals got a modest boost following the dovish FOMC meeting statement, which also dragged down the implied probabilities of a rate hike in the coming months. Even though the Greek debt crisis keeps the door open of Grexit, which…
The recent FOMC meeting and the ongoing saga around the Greek debt crisis, have kept pushing down the U.S. dollar against leading currencies and brought slightly up precious metals prices. These issues will continue to lead to news cycle and…
The bullion market remained poised last week as gold slightly rose while silver modestly declined. But this could all change and precious metals may take another severe hit this week if the upcoming FOMC meeting were to set the stage…
This week all eyes will be set towards the upcoming FOMC meeting, which will conclude on Wednesday and include an updated economic outlook and press conference. This time, the meeting is likely to stir up the financial markets and crowd…
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 U.S. non-farm payroll rose by 280K in May – higher than market expectations. The ADP report estimated an increase of only 201K jobs and the market expectations were at 222K, for May. Based on the U.S. employment report, the…