The U.S. GDP came up higher than expected at 3.7%. And this was enough to through China’s woes out the window and drive back up equities and energy commodities prices. But this could all change if the upcoming NFP report…
The recent recovery of the USD provided the climate to bring back down gold and silver. Even the contraction in the US GDP during Q1 didn’t help pull up gold and silver, nor did the fall of long term treasury…
The U.S. dollar changed course and rallied against the Japanese yen, Aussie dollar and Canadian dollar and remained nearly flat against the Euro. The GDP for Q1, second estimate, was released on Friday and showed a contraction of 0.7% —…
Gold and silver started off last week strong only to come back down in the following days. The minutes of the FOMC took the back seat to the aftermath of the disappointing NFP report. The progress of the USD is…
Gold and silver showed a modest gain in the past week, despite the unclear trend in the movement of USD against leading currencies pairs. Yellen’s recent testimony was perceived mostly dovish and pushed back up bullion prices and dragged down…
As the whole debacle around the Greek debt crisis dissipates and takes the backburner for the near term, other economic developments could retake the center stage including the changes in the monetary policy of the FOMC and ECB. In the…
The ECB meeting and the NFP are the first big events of a busy last month of the year. We preview the big events that rock markets. We also look back at the meaning of crashing oil to markets, and the…
The recovery of precious metals came to halt last week as both gold and silver prices tumble down by around 2% and 5%, respectively. This week the main report of the week is the NF payroll report, which could impact…
Following the thanksgiving break, the markets will start working normal again. This week, the NF payroll report will take center stage in the U.S. Other financial reports from the U.S. include manufacturing PMI, factory orders and trade balance monthly updates.…
The tumble in gold and silver came following the announcement of the FOMC to end QE3 and hawkish statement. The U.S. GDP for the third quarter also provided some backwind for the U.S. dollar and dragged down bullion prices. Finally,…