The country down under is back on the news after the Reserve Bank of Australia decided to cut its cash rate by 0.25 percentage points. So now the RBA’s cash rate is set at 2.25% — its lowest level in…
RBA’s Rate Cut and the Australian economy
Gold and Silver Outlook for February 2-6
Gold and silver took a tumble last week. The FOMC meeting didn’t have any big announcements but the bullion market reacted with a sharp fall in gold and silver the next day. On Friday, however, the GDP report was released…
Financial Market Preview for February 2-6
Last week continued the high volatility following the recent FOMC policy meeting and US’s GDP fourth quarter release. This week is also entails important financial reports from the US most notably the non-farm payroll, manufacturing PMI, PCE, and factory orders…
A Couple of Notes on Oil
In a recent article I wrote that the fall in oil prices have already started to impact US oil companies, which have started to reduce their capex and shut down rigs. I would also like to make two more points…
Market Movers #35: The Fed, US GDP, Greek elections analysis and AUD down under
The US returns to the limelight with the Fed decision and the first release of US GDP. What are the implications for the dollar? Before diving into this, we analyze the impact of the Greek elections for the euro in the short…
Is Draghi’s QE Program Enough?
Many have already talked about the recent ECB QE program, which is currently estimated to reach around 1.1 trillion euros or $1.3 trillion (or perhaps $1.2 trillion now that the Euro/USD is around 1.12). So here is another way to…