Tag: China’s manufacturing PMI

Gold and Silver Forecast for May 26-30

Gold and silver remained relatively flat during last week despite the appreciations of the U.S dollar against the Euro and Japanese yen. Will gold and silver start to show a shift in their flat line stance? For the week of…

Oil Outlook for May 26-30

Oil prices (WTI and Brent) continued its upward trend during the previous week. WTI rose again by 2%; Brent oil inched up by only 0.1%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between…

Financial Market Forecast for May 26-30

This week several U.S related news items could stir up the markets again including: GDP for the first quarter of 2014, core durable goods, jobless claims, consumer confidence, and pending home sales. Canada’s current account and GDP by industry are…

Gold And Silver | Recap for May 19-23

weekly precious metals chart May 19-23 2014

Gold and silver kept their stagnation as prices didn’t move much on a weekly scale. The recent release of the minutes of the FOMC didn’t stir up the markets as FOMC members didn’t change by much their economic outlook or…

Gold and Silver Forecast for May 19-23

Gold and silver slightly rose last week but on a monthly scale they are still nearly flat lined.  Even the forex market also showed signs of unclear trend and the U.S rallied against the Euro but fell against the yen…

Oil Outlook for May 19-23

Oil price (WTI and Brent) rallied during last week. WTI increased by 2%; Brent oil, by 2.3%. As a result, the difference of Brent oil over WTI slightly widened: The premium ranged between $7.54 and $8.94. Last week, the EIA’s…

Financial Market Forecast for May 19-23

Leading commodities prices including oil and gold rallied last week; in the forex market the USD rallied against the Euro but depreciated against the Japanese yen and Canadian dollar. For the week of May 19th to May 23rd, several reports,…

Gold and Silver Forecast for May 5-9

Gold and silver slowly declined during last week only to bounce back on Friday soon after the U.S non-farm payroll report showed a 288k gain in jobs; the unemployment dropped to 6.3%. The FOMC decided earlier last week to taper…

Oil Outlook for May 5-9

oil market tight loose oil price May 4

Oil price (WTI and Brent) declined during last week. WTI slipped by 0.8% and Brent oil by 0.9%. As a result, the gap of Brent oil over WTI didn’t change much: The premium ranged between $7.28 and $8.83. Last week,…

Oil Outlook for April 28- May 2

oil market tight loose oil price April 25

Oil price (WTI) declined by 3.5% last week. Brent oil remained unchanged. As a result, the gap of Brent oil over WTI widened: The premium ranged between $5.58 and $8.98. Last week, the EIA’s weekly report showed another gain in…