The latest NFP report fell short again of market estimates with a gain of 156K jobs; but this hasn’t changed the view of the markets that the FOMC is likely to raise rates at least once this year – and…
Financial Market Outlook for October 10-14
U.S. NFP Didn’t impress with 156K Jobs; but the market still looks for a Fed hike this year
The U.S. non-farm payroll didn’t impress the market and fell, yet again, of market expectations with 156K jobs in September: The ADP estimated a gain of 154K jobs while the market expect a gain of 172K. The growth in wages,…
Gold and The Fed’s Rate Decision
The possibility of a Fed rate hike is around 60% by the by the end of the year. And the shift in the chances of a hike, which tend to move a daily basis, should have also impacted the direction of…
Gold and Silver Outlook for October 3-7
Gold and silver didn’t perform well in the past week even though the USD remained relatively flat while the chances of a December rate hike slightly picked up. Moving forward, this week’s main event will the NFP for the month…
Financial Market Outlook for October 3-7
The recent recovery of oil prices following the possible deal by OPEC has also helped pushed up the risk currencies including the loonie and the Aussie. But this week the market’s attention will move back to the U.S. and the…
3 Ingredients of Risk-Off and Risk-On — MM #121
Indicators are nice, but sometimes ongoing news stories make or break markets. We focus on three ingredients that move the market as a whole. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Presidential Debate: The…