The Greek drama continues to dominate the news cycle and isn’t likely to get off the headlines until a bailout deal is struck or a final Greek exit decision is made. So even though the Greek debt crisis will likely…
The U.S. dollar resumed its descent while precious metals kept coming down. But this could all change if the FOMC were to surprise the market in its forthcoming statement. On this week’s agenda in the U.S: FOMC meeting, GDP for…
The recent decision of People Bank of China to cut its deposit rate by 25 bp and one year lending rate by 40 bp is the first step Beijing made towards dealing with the country’s economic slowdown. This news has…
This week, the main U.S economic reports to be release are the GDP for the second quarter and the PCE. The core durable goods, consumer confidence and consumer sentiment will also be out during the week and may impact the…
Gold and silver moved sideways during the previous week only to slightly rise on a weekly scale. The economic reports that were released last week showed a modest slowdown in the U.S and may have contributed to the modest rise…