The U.S. non-farm payroll finally showed strong headline numbers as there was an increase of 287K jobs in June – the highest level since October of last year 2010 and above market estimates: The ADP estimated a gain of 172K…
Gold and silver gained momentum last week as Britain voted to leave the EU. And even though equities have recovered, the high uncertainty in the markets is likely to preserve the risk-off market sentiment, which only benefits bullion prices. Besides…
The roller-coaster in the financial markets due Brexit vote left the British pound around 10% below its value against the USD before the referendum results came in. And even though equities and bonds also reacted with a “risk-off” sentiment, equities…
The British referendum ended with a surprise result as around 52% of the voters decided to leave the EU. This decision shook up the financial markets with the British pound falling by 8% against the U.S. dollar and the Euro…
The Brexit vote is still expected to have consequences – mostly negative – on the financial markets as investors and traders shift to risk-off assets. Now the question will remain how this Brexit impact markets in the coming weeks and…
The FOMC decided, as expected, to keep rates unchanged this time, but left the door open for two rate hikes this year. But the FOMC also lowered its outlook for rate hikes in the coming years (as indicated from the…
Now that the Fed meeting concluded without any change to its policy all eyes will set on Britain and the upcoming referendum regarding a possible Brexit. The economic ramifications on Britain and the rest of the EU will be dire…
The market sentiment remains bearish in the markets – in part driven by the lingering adverse impact the disappointing NFP report. This sentiment helped bring down long term interest rates, which in turn, also coincided with the recent rally of…
The highly expected FOMC meeting will take center stage this week and will eclipse the major economic reports that will be released this week. Nonetheless, until the FOMC statement is released, some economic data could drive market sentiment; some of…
The NFP report made it rain again for the gold and silver as their prices recovered following the extremely lower than expected headline figure of only 38K jobs in May; even the mitigating factors (the Verizon labor dispute) could have…