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…
Silver and gold prices fell again in the past week as the U.S. dollar kept rising and the market raised the odds of a December rate hike by the FOMC. Will this week be any different? The focus will shift…
It’s a very busy week: we start by providing updates regarding the main dish: the ECB meeting. We continue with analyzing the balanced US releases, previewing OPEC’s summit and continuing with the extremely busy week we have in US releases…
The U.S. dollar kept climbing up in the past week as the U.S. GDP showed a growth rate of 2.1% — a bit higher than expected. But more importantly, the market is preparing for the ECB’s upcoming rate decision and…
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%.…
As the U.S. dollar rallied against other currencies – mostly against the Euro and Yen – gold and silver kept slowly falling. Does it mean it’s only downhill from here on to the end of the year for precious metals…