The Greek drama continues to dominate the news cycle and isn’t likely to get off the headlines until a bailout deal is struck or a final Greek exit decision is made. So even though the Greek debt crisis will likely…
This week all eyes will be set towards the upcoming FOMC meeting, which will conclude on Wednesday and include an updated economic outlook and press conference. This time, the meeting is likely to stir up the financial markets and crowd…
The U.S. dollar took another beating this week as it depreciated against the Euro and yen, while the stock market didn’t do much and commodities rallied – this mainly includes gold and silver. This week, the FOMC will release the…
The U.S. dollar resumed its upward trend and picked up against the Euro and Japanese yen. The aftermath of the NFP report and the minutes of the last FOMC meeting provided enough volatility for the markets. Also, the tensions in…
The recovery in the USD took a turn as its fell against leading currencies. The huge selloffs also led to a rally for precious metals prices. The minutes of the last FOMC meeting along with the revised down IMF economic…
Precious metals, much like crude oil, resumed their downfall. This week, the main reports from the U.S are the upcoming FOMC meeting and press conference, Philly Fed index, PPI and CPI, FOMC Chair Yellen speaks, industrial production and housing figures.…
The oil market cooled down again during the previous week as the WTI and Brent dropped by 3.1% and 3.9%, respectively. As a result, the premium of Brent oil over WTI narrowed again; the premium ranged between $6.71 and $5.83.…
Are gold and silver making a comeback? Investors of precious metals saw metals recovering for the third week in a row. This time, the FOMC meeting concluded with little movement in the bullion market. The next day, in a late…
The oil market heated up in the past week following the fighting in Iraq, which has raised the uncertainty in the Middle East. As a result, both prices of oil including WTI and Brent rose by4.1% and 4.4%, respectively. The…
Gold and silver resumed their upward trend and rallied for the second week in a row. The rise in violence in Iraq may have contributed to the rally of not only oil but also assets, which are considered safe haven…