The latest NFP report fell short – really short this time! – of market expectations with only 38K jobs added in May. And even though wages still grew at a pace of 2.5% per annum, the headline figure was really…
Financial Market Preview for June 6-10
Tag: gold and silver prices
U.S. NFP Disappoint Again Only 38K Jobs; Wage Growth – Stable at 2.5%
The U.S. non-farm payroll disappointed again with a gain of only 38K jobs in May – the lowest level since September 2010 and way off market estimates: The ADP estimated a gain of 173K jobs and the market expect a…
Gold and Silver Outlook for May 30- June 3
Precious metals took another dive this week after the hawkish FOMC minutes kept resonating the markets. And the recovery of the U.S. dollar – mostly against the Euro and Yen – also contributed to the weakness of the bullion market.…
Financial Market Outlook for May 30- June 3
The market is slowly adjusting to a possible rate hike in June by the Fed and even Chair Yellen in a recent interview stated that a rate hike in the coming months could be appropriate; but before the Fed meeting,…
Gold and Silver Outlook for May 23-27
Gold and silver took another hit this week mainly after the minutes of the last FOMC meeting were released and managed to convince the market that a June rate hike is a viable option – albeit the chances are still…
Financial Market Outlook for May 23-27
The recent hawkish FOMC minutes were enough to drive back up the USD and bring down equities as the markets adjusted expectations regarding a possible rate hike. This week’s main reports and events include: U.S. core durable goods, EU manufacturing…
Gold and Silver Outlook for May 16-20
The bullion market lost some steam over the past week as the USD rallied against the Euro and Yen; overall gold and silver declined by 1.6% and 2.3%, respectively, on a weekly scale. Looking forward the focus in the markets…
Financial Market Outlook for May 16-20
The volatility in the financial markets remains elevated over economical and geopolitical unrest including: Concerns over a possible Brexit, Greece’s debt problems, China’s economic slowdown, the U.S. presidential primaries and the Fed’s monetary policy, just to name a few. Besides…
Financial Market Preview for May 9-13
The recent NFP report didn’t present, yet again, a clear picture as to where the U.S. labor market is heading: Wages went up but job growth didn’t meet market estimates. This week, the JOLTS report will provide another look at…
U.S. NFP: a Gain of Only 160K Jobs; Wages Rise to 2.5%
The U.S. non-farm payroll presented a gain of only 160K jobs in April compared to the ADP’s anticipated increase of 156K jobs and market expectations of 203K. The growth in wages picked up again to 2.5% as wages increased by…