The bullion market rode again on the coattails of the weaker USD – as it devaluated mostly against the Yen and Euro – following the FOMC’s statement, which was mostly positive about the U.S. economy but didn’t offer any hints…
The BOJ disappointed by not expanding its monetary stimulus, while the FOMC, as expected, didn’t budge on its rate hike talk. In the end, the USD continued to devalue against the Yen and Euro, which helped push back up commodities…
The divergence in the bullion market continued for a second week in a row as silver finished the week up while gold – slightly down. This divergence, however, may not last long considering the busy week ahead that includes several…
In the midst of earnings season next week will also entail two major events that could boost even further up volatility: The Federal Reserve’s policy meeting and U.S. GDP for Q1. Other events and reports to consider include: BOJ’s policy…
Gold and silver didn’t move in concert as they usually do during last week. The USD slightly appreciated against the majors even though the market reduced its expectations of a Fed rate hike this year – for now the chances…
The volatility in the markets continue to pick up as the earning season progresses. And this week we have two main events: Doha meeting on Sunday and ECB policy meeting, in other words we have a double D theme: Doha…
Precious metals started off last week on a negative note but as the week progressed they changed direction and rallied. The dovish/bearish statements of Yellen in the recent panel discussion along with the minutes of the previous FOMC meeting helped…
The minutes of the FOMC meeting showed its members aren’t ready to raise rates in the next meeting later this month. But a June hike is still a possibility. In any case, the USD continues to lose ground – mostly…
Gold and silver moved in an unclear trend last week as Yellen’s speech cooled down the bullion market while the NFP dragged it back down. This week isn’t likely to be much different with the upcoming release of the minutes…
The labor market in the U.S. isn’t slowing down as the recent NFP showed another gain of 215K and a modest bump in wages. The markets are likely to keep digesting this news at the beginning of the week. Looking…