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.…
The U.S. GDP came up higher than expected at 3.7%. And this was enough to through China’s woes out the window and drive back up equities and energy commodities prices. But this could all change if the upcoming NFP report…
It was supposed to be short week that will focus on the latest non-farm payroll report, alas the Greeks will take center stage again as they will have a referendum on the proposed bailout plan set on July 5th. Athens plead…
The recent recovery of the USD provided the climate to bring back down gold and silver. Even the contraction in the US GDP during Q1 didn’t help pull up gold and silver, nor did the fall of long term treasury…
The U.S. dollar changed course and rallied against the Japanese yen, Aussie dollar and Canadian dollar and remained nearly flat against the Euro. The GDP for Q1, second estimate, was released on Friday and showed a contraction of 0.7% —…
The prices of gold and silver didn’t do much last week as gold inched down by 0.1% and silver rallied by 0.8%. This low volatility is likely to continue on the last week of 2014. There are still a couple…
The last week of the year is likely to be another slow paced one in the financial markets. In the U.S. there are a few reports that will be released including: manufacturing PMI, pending home sales, consumer confidence, and unemployment…
Following the thanksgiving break, the markets will start working normal again. This week, the NF payroll report will take center stage in the U.S. Other financial reports from the U.S. include manufacturing PMI, factory orders and trade balance monthly updates.…
The high volatility in the market following the FOMC and BOJ’s monetary policy meetings from last week could remain in the coming week. The main events of the week in the U.S. include NF payroll report, manufacturing PMI, factory orders…
The bullion market didn’t perform well again last week: Silver lost 1.7% off its value, while the price of gold inched down by 0.1%. As a result, the gold to silver ratio rose again by 1.6% to around the 70…