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 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 all eyes will be set towards the upcoming FOMC meeting, which will conclude on Wednesday and include an updated economic outlook and press conference. This time, the meeting is likely to stir up the financial markets and crowd…
The latest NFP report presented a better than expected results with a gain of 280K jobs back in May. This news is likely to keep echoing in the first couple of trading days this week but the release of the…
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% —…
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,…
The U.S. dollar took another beating this week as it depreciated against the Euro and yen, while the stock market didn’t do much and commodities rallied – this mainly includes gold and silver. This week, the FOMC will release the…
The recent NFP report was inline with market expectations but did present downward revisions for previous months. The aftermath of this report will continue to resonate in the markets in the coming days. Besides this labor market update, here are…
The U.S. dollar resumed its descent while precious metals kept coming down. But this could all change if the FOMC were to surprise the market in its forthcoming statement. On this week’s agenda in the U.S: FOMC meeting, GDP for…
The U.S. dollar took another tumble against leading currencies such as Euro, Japanese yen and Aussie dollar. On this week’s agenda in the U.S: Durable goods, existing home sales, and jobless claims. In Europe: Euro group meetings, BOE rate decision,…