The latest NFP report fell short again of market estimates with a gain of 156K jobs; but this hasn’t changed the view of the markets that the FOMC is likely to raise rates at least once this year – and…
Financial Market Outlook for October 10-14
Tag: gold and silver prices
U.S. NFP Didn’t impress with 156K Jobs; but the market still looks for a Fed hike this year
The U.S. non-farm payroll didn’t impress the market and fell, yet again, of market expectations with 156K jobs in September: The ADP estimated a gain of 154K jobs while the market expect a gain of 172K. The growth in wages,…
Gold and Silver Outlook for October 3-7
Gold and silver didn’t perform well in the past week even though the USD remained relatively flat while the chances of a December rate hike slightly picked up. Moving forward, this week’s main event will the NFP for the month…
Financial Market Outlook for October 3-7
The recent recovery of oil prices following the possible deal by OPEC has also helped pushed up the risk currencies including the loonie and the Aussie. But this week the market’s attention will move back to the U.S. and the…
Gold and Silver Outlook for September 26-30
The bullion market recovered last week as the FOMC didn’t raise rates all awhile leaving the door open for a rate hike this year. The FOMC also revised its outlook on GDP growth rate for 2016, core inflation for 2017…
The Fed’s Confusion Game – Do Nothing; Say Anything
The Federal Open Market Committee didn’t raise rates – no surprise here – in the September meeting and left the door open for a possible rate hike later this year. Now all bets are set for a December hike; and…
Financial Market Outlook for September 26-30
The FOMC didn’t raise rates but the odds are still high for a December rate hike. And this week the Chair of the FOMC will be in the spotlight again as she will speak; in fact, no fewer than five…
Gold and Silver Outlook for September 19-23
Gold and silver took another hit last week even though the changes of a rate hike in September declined. Even though the markets cut the chance of a rate hike in the upcoming meeting, the markets didn’t change the chance…
Financial Market Outlook for September 19-23
All eyes are set towards the next FOMC meeting. Even though the market has climbed down from the idea of a possible September rate hike, the market will still look for any clues for when the Fed is expected to…
Gold and Silver Outlook for September 12-16
Precious metals kicked off last week on a positive note but by the end of the week both gold and silver made a U turn a declined as yields started to pick up again and the USD recovered. The speculation…