The BEA published its recent update on the U.S. GDP (third estimate), in which the growth rate reached 3.9% in Q2 – market expected no change from the previous estimate of 3.7%. This news along with FOMC Chair Yellen’s hawkish…
The highly anticipated FOMC meeting concluded not with a bang – raising rates – but with whimper – keeping us guessing when the next rate hike will occur. In the statement and in Chair Yellen’s press conference it was clearly…
Not only the FOMC opted out from raising rates – with only one dissenter for a rate hike in September – but it also tilted the markets as the members voiced their concerns over the global economy. This decision will…
The recent news from China regarding the low manufacturing PMI, which reached 47.1 the lowest since 2009, has brought down the U.S. stock market. And even the minutes of the FOMC seem to have lowered a bit the odds of…
The ongoing concerns over China’s economic growth has dragged down the U.S. stock markets and energy prices have also declined. The minutes of the last FOMC meeting didn’t offer a lot of insight either than keeping the markets guessing on…
The U.S. GDP grew by 2.3% in the second quarter – this came a bit short of market expectations, which were 2.7%. This growth rate, however, is still much higher than in Q1 when the GDP expanded by only 0.6%.…
China continues to raise voices of concern over its progress, Greece’s troubles are far from over (the talks over the debt restructuring should start this week) and Iran’s impact on the oil market is still unclear now that a nuclear…
Precious metals got a modest boost following the dovish FOMC meeting statement, which also dragged down the implied probabilities of a rate hike in the coming months. Even though the Greek debt crisis keeps the door open of Grexit, which…
The recent FOMC meeting and the ongoing saga around the Greek debt crisis, have kept pushing down the U.S. dollar against leading currencies and brought slightly up precious metals prices. These issues will continue to lead to news cycle and…
This week will be short on account of Memorial Day, but this doesn’t mean we could see a rise in volatility following the end of the long weekend in the U.S. financial markets. On this week’s agenda: U.S. durable goods,…