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…
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…
Precious metals started off last week on a negative note but as the week progressed they changed direction and rallied. The dovish/bearish statements of Yellen in the recent panel discussion along with the minutes of the previous FOMC meeting helped…
The minutes of the FOMC meeting showed its members aren’t ready to raise rates in the next meeting later this month. But a June hike is still a possibility. In any case, the USD continues to lose ground – mostly…
The NFP showed a headline figure of 151K jobs – lower than expected – but wages and unemployment were still good enough to pull up the U.S. dollar. Nonetheless, equities came down as the bearish market sentiment persisted; oil prices…
The year started off with a lot of volatility mostly attributed to the selloffs of Chinese stocks. The growing concerns over what’s next for China pulled back up the demand for gold and silver. But then the NFP report came…
The NFP report was much better than expected with headline figure of 292K jobs – the expectations were set much lower at 203K. But market concerns over China’s economic woes kept weighing on equities and commodities. On this week’s agenda:…
The NFP report didn’t cause too many waves as it was only slightly higher than anticipated and came after the ECB’s rate cut, which didn’t meet market estimates, and Yellen’s testimony that reaffirmed market expectations for a December hike. So…
Gold and silver prices took another hit after the latest NFP report showed a much better than expected growth in jobs of 271K – the market expected a gain of only 179K. This news reignited the belief that the Federal…