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…
The NFP report didn’t turn out to get a strong market reaction considering it came very close to market expectations with a gain of 215K. But another fair report is still another chip for the Fed to consider raising rates…
The prices of leading commodities rallied during the past week. Moreover, the US dollar also depreciated against leading currencies such as Euro, Japanese yen and Aussie dollar during last week. In the upcoming week several reports, decisions and events will…
The prices of leading commodities didn’t move much in the past week. On the other hand, the US dollar sharply appreciated against leading currencies such as Euro, Japanese yen and Aussie dollar during last week. During the upcoming week several…
Oil price (WTI and Brent) changed direction and rose last week: WTI spiked by 5.32%; Brent oil, by 1.75%. As a result, the gap of Brent oil over WTI contracted: The premium ranged between $13.6 and $17.63. Last week, the…
The commodities markets shifted gear as energy commodities such as oil and natural gas rallied, while precious metals such as gold and silver tumbled down. The U.S reports that were published last week including GDP, NF payroll, manufacturing PMI, and…
Oil prices (WTI and Brent) continued to fall during last week: WTI decreased by 3.31%; Brent oil, by 0.95%. As a result, the gap of Brent oil over WTI further widened: The premium ranged between $10.81 and $13.09. Last week,…
As expected, China’s industrial production index has moderately declined by 0.1 percent points during May compared with April 2011; nevertheless, this index was 13.3% above the rate on a year to year scale. Despite a slowdown in the growth rate…