During last week, major commodities prices fell again; this includes oil, natural gas, silver and gold. Will this trend continue this week? The FOMC meeting concluded, as expected, with no changes to the Fed’s monetary policy. Several reports may have affected…
During the previous week, gold and silver prices decreased. Last week’s EU Summit didn’t ease the concerns of traders as Spain didn’t request a bailout. Several U.S reports may have contributed to the decline in gold and silver prices: the…
During last week, crude oil changed direction and traded down despite the deprecation of the USD against the Euro and Aussie dollar. The oil stockpiles declined again during last week by 2.6 M bl. During last week, WTI oil fell…
During last week, gold and silver prices slightly declined. A couple of U.S reports may have moderately affected forex and commodities prices: the U.S PPI rose by 1.1% during September; U.S jobless claims fell by 30k to 339k. These news…
During last week, crude oil prices resumed their upward trend as the price of WTI oil and Brent oil increased. OPEC’s monthly report showed there was a modest decline in OPEC’s oil production; according the IEA, the projected growth in…
During last week, the major commodities prices remained nearly unchanged. Several reports that may have affected forex and commodities prices: the U.S PPI rose by 1.1% during September; U.S jobless claims dropped by 30k to 339k. These news items may…
During last week, gold and silver prices remained nearly unchanged. The Aussie dollar declined against the USD mainly due to RBA’s decision to lower the cash rate by 25pp. This development may have contributed to the unclear trend of precious…
During last week, crude oil prices shifted with an unclear trend as the price of WTI oil slipped while Brent oil edged up. Due to the different paths these oil prices followed, the gap between the Brent oil and WTI…
During last week, there were some reports that may have affected forex and commodities prices: the U.S non-farm payroll report showed a gain of 114k in jobs during September; U.S manufacturing PMI index rose to 51.5%. These reports may have…
During last week, gold and silver prices slightly declined as the recent developments in Greece, Spain and Italy that included riots against austerity measures may have pulled down not only bullion rates but also the Euro. By the end of…