Weekly Outlook of Financial Markets for February 18-22

Financial crisis bomb

Major commodities prices including natural gas, gold and silver tumbled down last week; major currencies pairs including the Euro/USD and Aussie dollar/USD slightly declined in the previous week. Will this trend continue next week? In the forthcoming week several reports,…

Oil Weekly Outlook For February 18-22

Increase of oil prices - Crisis concept

During last week, crude oil price (WTI) remained virtually unchanged while Brent oil was traded down: WTI oil edged up by 0.15%; Brent oil declined by 1.04%. As a result, the gap between the Brent oil and WTI contracted; the…

Gold And Silver | Weekly Recap for February 11-15

Silver

The rates of precious metals changed course and tumbled down during last week mainly on Thursday and Friday. The speculations around the decision of big investors including Soros and Bacon to cut their exposure to gold may have contributed to…

Oil Prices – Weekly Recap February 11-15

oil price crisis

Crude oil price changed direction and fell during last week. The U.S stockpiles slightly rose according to the recent EIA report. The difference between Brent and WTI has widened to a range between $19 and $23 during last week. Brent…

Natural Gas – Weekly Recap February 11-15

gas in

Natural gas (short term delivery) continued to decline during last week.  According to the latest natural gas storage report, the natural gas storage contracted again by a slower pace than the average five years. According to the recent EIA report,…

Gold and Silver Prices – Daily Outlook for February 14

Bar of Silver

The prices of silver and gold slightly declined yesterday. Their modest drop didn’t coincide with the moderate appreciation of “risk currencies” such as Canadian dollar and Aussie dollar against the USD.  Yesterday, the U.S retail sales report came out. The…