As the year winding down, markets are likely to experience another slow week with little movement and low trading volume across the financial markets. This short week includes several reports that will be published including: China manufacturing PMI, Japan’s retail…
The Fed finally raised its cash rate by 0.25 basis points to a range of 0.25-0.5%. The reaction in was quite subdue and perhaps even a bit underwhelming as market were prepared for this decision. The U.S. dollar still rallied…
The historic (finally we can retire this characteristic) and expected rate hike decision by the FOMC was finally made last week. The market’s reaction seemed a bit of an anticlimax, given the ample preparation the Fed made before raising rates.…
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…
Precious metals prices bounced back as the U.S. dollar devaluated against the Euro – mainly after ECB’s Draghi didn’t meet market estimates and only reduced the deposit rate to -0.3% without introducing an expansion of QE. And then the NFP…
The NFP report didn’t cause too many waves as it was only slightly higher than anticipated and came after the ECB’s rate cut, which didn’t meet market estimates, and Yellen’s testimony that reaffirmed market expectations for a December hike. So…
The U.S. non-farm payroll presented a slightly higher than expected: 211K jobs were added in November. The ADP report estimated a gain of 217K jobs and the market expectations were at 201K for November. The growth in wages also rose…
Silver and gold prices fell again in the past week as the U.S. dollar kept rising and the market raised the odds of a December rate hike by the FOMC. Will this week be any different? The focus will shift…
The U.S. dollar kept climbing up in the past week as the U.S. GDP showed a growth rate of 2.1% — a bit higher than expected. But more importantly, the market is preparing for the ECB’s upcoming rate decision and…