Review for September 28-October 2, when the dollar disappointed. Forecast for the week October 5 – October 9

Beginning of the week proved to the stock of assets is not the most optimistic. They remained largely under pressure amid concerns about the prospects for the Chinese economy. But in the second half of the week the market has returned optimism associated with the closing of the month, quarter, and in the United States… Read More »

SILVER: Fed rate expectations do not allow metal to grow

Silver remained under pressure against the background of the general sentiment in relation to monetary policy the US Federal Reserve. This week, and officials of the Federal Reserve, and macroeconomic reports (in particular, data on US consumer confidence from the Conference Board and the report on private sector employment from ADP) reinforced expectations of another… Read More »

PLATINUM: metal remains under pressure

Platinum is pressurized. A key factor that exerts pressure on the metal, is the situation in the automotive industry. The scandalous story of the Volkswagen Group to jeopardize the whole sector. As is known, the platinum used in the manufacture of catalytic converters for diesel engines. Given that history with Volkswagen issues arose just in… Read More »

Review of September 21-25, when stocks in a minor key. Forecast for the week September 28 – October 2

Despite the rather meager macroeconomic calendar, last week, the markets found some reasons for movements. Negative news from the corporate sector, as well as weak data on the index of business activity in the industrial sector in China (PMI Caixin came out at 47 vs. 47.3 in August) put pressure on stock indices. Released on… Read More »

SILVER: the weak dollar pleases metal

Silver gained enough support amid weak data on orders for durable goods in the United States. Outside, though, and came in line with expectations, but showed a decline of 2%. Thus, doubts with respect to the US Federal Reserve rate hike looks justified. Thus, uncertainty remains and, if within his speech today Janet Yellen did… Read More »

Review for September 22: Chinese visit and speech Draghi. Forecast for Wednesday, September 23

The Japanese market is closed for a second day, but this does not prevent sharp fluctuations of currencies to show. EUR / USD continued its downward movement, reaching a minimum of 1.1112, while the other pairs try to keep within narrow ranges. GBP / USD has weakened under the influence of disappointing economic reports: the… Read More »

EUR / GBP: the difference in the attitudes of central banks puts pressure on the pair

One of the main factors that can affect the dynamics of cross-country at this stage the expectations are for monetary policy adjustments. Recent data on the UK labor market, reflecting more active than expected (2.9% vs. 2.5%) increase in average wage growth suggest waiting for the price pressure due to the enhanced consumer activity. Against… Read More »