Major commodities were traded in a mixed trend on the second business day of the week: Brent oil slightly rose while WTI oil slipped on Tuesday; natural gas Henry Hub future (short term delivery) sharply increased again yesterday; silver and gold prices changed direction and fell on Tuesday; the Euro also rose against the USD on Tuesday. On the other hand, several currencies such as the Canadian dollar depreciated against…
Despite the less than impressive financial news regarding the progress of the U.S economy that came out during last week the equity market continued to rally, while gold and silver prices declined. Last week, the U.S retail sales inched up by 0.1% during April. On the other hand, Philly Fed index decline in May; housing starts sharply fell by 16.5% in April; jobless claims sharply increased by 32k to reach…
The future price of natural gas (short term delivery) zigzagged with an unclear trend during last week only to rally on a weekly scale. By the end of the week the Henry Hub future (short term delivery) rose by 3.71%. According to the recent EIA natural gas storage report, the natural gas storage increased at a faster pace than the average five years did during the same week: The NG…
Major commodities were traded again in a mixed trend on the third business day of the week: Brent oil and WTI oil bounced back on Wednesday; natural gas Henry Hub future (short term delivery) rallied again yesterday; silver and gold prices plunged on Wednesday; the Euro also slipped against the USD on Wednesday. On the other hand, several currencies such as the Aussie dollar appreciated against the U.S dollar. Here…
Major commodities were traded in a mixed trend on the first business day of the week: Brent oil and WTI oil declined on Monday; natural gas Henry Hub future (short term delivery) slightly rose yesterday; silver rose while gold price slipped on Monday; the Euro also declined against the USD on Monday. Further, several currencies such as the Aussie dollar depreciated against the U.S dollar. Here is a summary of…
The prices of gold and silver continue to seek direction and they moved from gains to losses throughout last week: Despite the unclear trend the sharp fall in bullion prices on Friday led gold and silver to decline by 1.88% and 1.46%, respectively, on a weekly scale. The main event of last week was the Reserve Bank of Australia to cut it cash rate by 0.25pp to 2.75%. This news…
Major commodities were traded mostly down on the fourth business day of the week: Brent oil price slightly rose while the price of WTI oil fell on Thursday; natural gas Henry Hub future (short term delivery) remained virtually unchanged yesterday; silver and gold prices fell on Thursday; the Euro also declined against the USD on Thursday. Moreover, several currencies such as the Aussie dollar depreciated against the U.S dollar. Here…
Major commodities prices mostly trade down on the second business day of the week: the prices of Brent and WTI oil changed direction and fell on Tuesday; natural gas Henry Hub future (short term delivery) sharply decreased yesterday; silver and gold prices also fell on Tuesday; the Euro slightly rose against the USD on Tuesday. On the other hand, several currencies such as the Aussie dollar depreciated against the U.S…
Major commodities prices moved in a mixed trend on the first business day of the week: the prices of Brent and WTI oil rallied again on Monday; natural gas Henry Hub future (short term delivery) slightly decreased yesterday; silver price slipped while gold prices rose on Monday; the Euro slightly fell against the USD on Monday. Moreover, several other currencies such as the Aussie dollar also depreciated against the U.S…
Gold and silver prices moved in an unclear trend throughout the week: Despite the high volatility of precious metals and unclear trend, both gold and silver rose by the end of the week by 0.73% and 0.99%, respectively. The main event of last week was the FOMC and ECB rate decisions. The ECB decided to lower its interest rate by 0.25pp to an all time low of 0.5%. The FOMC…
