The FOMC decided, as expected, to keep rates unchanged this time, but left the door open for two rate hikes this year. But the FOMC also lowered its outlook for rate hikes in the coming years (as indicated from the…
The recent meeting of the Federal Open Market Committee concluded – drum roll please – with no rate hike. Many had anticipated this result and it didn’t come off as a surprise especially considering the Brexit vote is next week…
The market sentiment remains bearish in the markets – in part driven by the lingering adverse impact the disappointing NFP report. This sentiment helped bring down long term interest rates, which in turn, also coincided with the recent rally of…
The highly expected FOMC meeting will take center stage this week and will eclipse the major economic reports that will be released this week. Nonetheless, until the FOMC statement is released, some economic data could drive market sentiment; some of…
Precious metals will face another stormy week with the upcoming FOMC meeting. Following the latest ECB monetary meeting that concluded with rate cuts and augmented QE program, gold and silver moved in an unclear trend on a weekly scale and…
The market expected a lot from Draghi and he sure delivered in the recent ECB meeting for more QE and lower rates. This week, the focus will shift back to the U.S. with the FOMC meeting. But there are also…
The Fed, as expected, didn’t rock the boat with a rate hike; nor did it back down from its stance to raise rates this year. So what else is new? Well, the Fed address the high volatility in the financial…
Gold and silver prices slightly rose last week as the ECB promises more stimulus to follow, which could keep the U.S. dollar strong against the Euro. This week, the main event is the FOMC meeting that could impact the direction…
The gold and silver market is heading towards an important week as the upcoming FOMC meeting will eclipse any other event. In the last FOMC meeting the members decided that a rate hike in December will most likely be the…
The main event of the month – the FOMC meeting – will be the focus of the week and is likely to move markets regardless of its outcome. The outcome will only play in determining market volatility and direction. A…