Tag: U.S housing data

Financial Market Preview for October 19-23

The U.S. dollar took another hit last week mainly against the Yen, Aussie dollar and British Pound. The depreciation of the USD provided some back-wind for commodities including oil and gold. This week, the main events include: ECB rate decision…

Gold and Silver Forecast for November 17-21

The recent rally of gold and silver coincided with the pull back in U.S. dollar. The latest JOTLS report didn’t meet market expectations but was still very good overall after considering the headlines. This week, the main even will be…

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…

Gold and Silver Forecast for April 21-25

The precious metals market cooled down last week. Last week, the FOMC Chair Janet Yellen talked about the Federal Reserve’s policy and reassured that the Fed will maintain the low rate even if the U.S economy reaches the FOMC’s targets…

Gold and Silver Forecast for February 24-28

Silver and gold rallied again during last week. The recent U.S reports may have contributed to the slow recovery of precious metals: housing starts and building permits fell by 16% and 5.4%, respectively, during January; existing home sales dropped to…

Gold And Silver | Recap for February 17-21

golden bar

Gold and silver market slowly rallied again as their prices slightly increased during the previous week. The recent reports regarding the progress of U.S and China may have contributed to the slow recovery of precious metals: housing starts and building…

Gold And Silver | Recap for December 30- January 3

The gold and silver market moved in an unclear direction during the week. Nonetheless, their prices ended the week higher than last week’s on account of their sharp rise on Thursday. Despite the holiday season, several U.S reports were released:…

Gold and Silver Outlook for December 2-6

The prices of gold and silver remained nearly flat during most of the week; they only slightly rose on a weekly scale as the U.S holiday may have contributed to the low volatility in the markets. During last week it…

Oil Weekly Outlook for October 21-25

The price of oil (WTI and Brent) continued to fall during last week: WTI decreased by 1.19%; Brent oil, by 1.20%. As a result, the gap of Brent oil over WTI remained nearly unchanged: The premium ranged between $8.63 and…