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…
The U.S. dollar remains weak and keeps fueling the rise of gold and silver prices. Last week, the main economic reports from the U.S. were in general not encouraging: The core CPI grew to an annual rate of 1.9% —…
The U.S. dollar took another hit last week mainly against the Yen, Aussie dollar and British Pound. The depreciation of the USD provided some back-wind for commodities including oil and gold. This week, the main events include: ECB rate decision…
The gold and silver market, continued their rally from the previous week – following the weaker than expected NFP report. This time, the minutes of the FOMC didn’t offer any big headlines and updates about the Fed’s decision or the…
The minutes of the FOMC didn’t offer much news and left the market guessing as to the timing of the Fed’s rate hike. On this week’s agenda we have the U.S. JOLTS, BOJ’s minutes of last meeting, EU CPI, U.S.…
The week started off with sharp falls for gold and silver, but the latest NFP report turn things around for precious metals as they ended the week on a high note. But will this rally continue or will be short…
Another disappointing non-farm payroll, in which only 142K jobs were added in September. Moreover, there were downward revisions for the two previous months for a total of 59K jobs. This puts into question whether the Fed were to raise rates…
The market expected and the Fed needed a strong NFP report to reduce volatility and raise the odds of a rate hike this year. Oh well – not this time. The U.S. non-farm payroll report came up short again with…
The gold and silver market cooled down last week, as the U.S. dollar bounced back and started to appreciate against leading currencies such as the Euro British Pound and Yen. The U.S. GDP showed a growth of 3.9% — higher…
The U.S. dollar resumed its upward trend and strengthened against leading currencies including the Euro and Yen. The recent hawkish remarks of FOMC Chair Yellen along with the modest upward revision of the US GDP provided some backwind for greenback.…