The NFP report was much better than expected with headline figure of 292K jobs – the expectations were set much lower at 203K. But market concerns over China’s economic woes kept weighing on equities and commodities. On this week’s agenda:…
The recent release of the NFP payroll report came a bit short than expected with 214K jobs added during October — nonetheless, this was enough to bring down the U.S. dollar and pull back up gold and silver. Looking forward,…
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…
The financial markets could stir up again this week as there are many news items on the agenda mainly the next FOMC meeting and the Scottish referendum. Last week, precious metals and oil resumed their downward trend, while the USD…
The commodities markets moved in an unclear trend last week as oil remained nearly flat, natural gas bounced back, silver traded down and gold rallied. On this week’s agenda: U.S consumer sentiment, GDP reports for the second quarter from Japan,…
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…
The commodities markets heated up as oil, natural gas and precious metals rallied during last week. This week several reports, speeches and publications will come to fruition including: U.S retail sales, China’s GDP for the first quarter, Janet Yellen’s speech,…
Oil prices (WTI and Brent) changed course and dropped during last week. WTI oil fell by 3.6%; Brent oil, by 0.40%. As a result, the difference of Brent oil over WTI widened: The premium ranged between $6.96 and $10.03. Last…
Gold and silver market continues to slowly recover as their prices rose again during last week. The economic slowdown in the U.S economy may have contributed to the rally of precious metals: retail sales declined by 0.4% during January; industrial…
Gold and silver recovered last week following the news of the slow progress of the U.S economy: Nonfarm payroll employment rose by only 113k jobs; the manufacturing PMI decreased by 5.2 percentage points to 51.3 – this means the manufacturing…