The NFP report showed another sign that the labor market is doing well and on its road towards full employment; this also means a higher chance of a rate hike this year. The BOE also helped weaken its pound by…
The U.S. non-farm payroll beat, yet again, market expectations as 255K jobs in July: The ADP estimated a gain of 179K jobs and the market expect an increase of 180K. The growth in wages, was also higher than expected as…
The bullion market kept recovering as the FOMC and BOJ didn’t change their policies. And the disappointing GDP report for the U.S. – only 1.2% growth vs. 2.6% exp. – was enough to drive further up gold and silver prices.…
The Fed and the BOJ didn’t deliver last week as they neither move nor even hint of any prospects of a substantial change to their respective monetary policies. But now all eyes will shift back to the UK as the…
Gold and silver lost some steam in the past week as interest rates picked up again and the U.S. dollar strengthened even though the ECB and BOE didn’t introduce any new policy last week. This week’s main events will focus…
The ECB and BOE didn’t change their policy and now the markets will shift their attention to the FOMC and BOJ; the Fed and Bank of Japan aren’t expected to introduce new policy measures but the tone of their statements…
Now that the U.S. economy is showing signs of recovery including the better than expected NFP report and retail sales, the market is slowly adjusting again to a possible rate hike this year. And higher rates also mean a slower…
The BOE didn’t change its monetary policy but still promised that stimulus is on the way in the coming meetings. This week’s main event will be the ECB rate decision. Even though the ECB isn’t likely to make any changes…
Even though the recent NFP report presented much better than expected gains in jobs – 287K compared to 175K outlook – the bullion market didn’t react much and if anything silver kept rising on Friday. It seems that the ongoing…
The Brexit may have subsided a bit in the past week and the recent NFP report helped drive up equities, but the conversation is likely to change back to Brexit as the BOE convenes this week to decide any changes…