The Chinese move to devalue its currency was a step in the right direction for China’s economy. But for now there are no expectations for any additional sharp changes in the value of the yuan. The bullion market seems to…
The recent decision of China to allow its currency to slightly devalue has caused a sharp rise in volatility mainly in the foreign exchange market. Now that the talks of additional devaluation has subsided, the focus in the financial markets…
Some currency pairs are make life easier for the technical trader. We begin with discussing and listing them before moving to the uncertainties caused by central banks in the US (following the NFP) the UK (Super Thursday) and China (stocks,…
In the second quarter, Yamana Gold (AUY) reported a net loss of $0.01 per share – a bit lower than market estimates. The company presented a gain of 16% in its gold production, which is still a bit off it’s the…
The NFP report came close, but still a bit short, of market estimates. This report, however, didn’t provide any clarification about the Fed’s rate hike timing, if at all, any more than the FOMC meeting did in the preceding week.…
The NFP report didn’t turn out to get a strong market reaction considering it came very close to market expectations with a gain of 215K. But another fair report is still another chip for the Fed to consider raising rates…