The ECB and PBOC aim to help stimulate their economies: The ECB by hinting of more QE to follow and PBOC by cutting rates again. For gold and silver, a stronger U.S. dollar, brings down their prices. And these decisions…
The ECB’s decision to heavily hint of more stimulus up ahead was enough to bring down the Euro. And soon after even POBC also upped its ante by reducing rates as well. Now this week the attention will move towards…
Gold and silver prices fell again last week, as the U.S. dollar depreciated against leading currencies. Will gold and silver change course this week? We could dance around the obvious and talk about the other reports and events that are…
The main event of the month is upon us – the FOMC meeting. Even though the expectations for a rate hike at this time are low, market volatility is still likely to pick up regardless of whether the Fed push…
The ongoing concerns over China’s economic growth has dragged down the U.S. stock markets and energy prices have also declined. The minutes of the last FOMC meeting didn’t offer a lot of insight either than keeping the markets guessing on…
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…
The FOMC concluded its meeting and released another statement that didn’t offer much new information about the timing of the first historic rate hike. I know what you think – shocker! Well to be fair, there were modest changes to…
Despite the slow week we had in the financial markets with no big event or news release, the gold market took another hit with a flash crash at the beginning of the week. By the end of the week, gold…
China continues to raise voices of concern over its progress, Greece’s troubles are far from over (the talks over the debt restructuring should start this week) and Iran’s impact on the oil market is still unclear now that a nuclear…
The bullion market remained poised last week as gold slightly rose while silver modestly declined. But this could all change and precious metals may take another severe hit this week if the upcoming FOMC meeting were to set the stage…