Last week gold and silver prices started off with little movement but by Thursday both precious metals tumbled down. The FOMC decision to continue operation twist throughout the rest of 2012 by $267 billion and not to introduce QE3 may…
Following the results of the Greek elections the forex and commodities markets didn’t seem to react much to the news. The main event of last week was the decision of the FOMC to extend operation twist throughout 2012 by another…
Crude oil prices tumbled down during last week along with many other commodities rates such as gold and silver. The FOMC revised down its projection on the U.S economy and in an effort to help jump-start the economy extended its…
Last week gold and silver prices didn’t do much; Gold had a steady upward trend; silver increased every day except on Thursday. Despite the testimony of Bernanke from the previous week, the speculations continue to run high of the Fed…
Crude oil prices didn’t do much last week as the WTI nearly didn’t change on a weekly scale, while Brent oil declined by over 2%. The Brent premium over WTI edged down to $13-$14 range. The recent OPEC meeting was…
The Greek elections will be held on Sunday and the aftermath of these elections could stir up the financial markets. Over the weekend the IMF urged Europe to help Irish banks. The main event of the week besides the Greek…
Natural gas market started to heat up again as natural gas future price hiked on Thursday following the U.S EIA NG report. According to the recent NG storage update, there was a 67 bcf injection, which is nearly 2 Bcf…
Last week gold and silver prices started off the week with little movement, but by Thursday both precious metals tumbled down after the testimony of Bernanke didn’t deliver in relaying whether another QE program might be issued in the near…
The commodities markets continued to cool down including gold and silver markets after Bernanke put a wet blanket on the renewed speculations revolving the possibility of the Fed to introduce another stimulus plan in the near future. In the mean…
Crude oil prices bounced back during last week after they had tumbled down a week earlier. On Thursday Bernanke testified in the Senate; he voiced his concerns around the European debt crisis as it may affect the U.S economy but…