Following the recent developments in the Greece in which it was decided there will be elections on June 17th the Euro took a dive and was traded down most of the week against the USD. The recent publications from the…
Weekly Outlook for May 21- 25
Category: EURO/USD
Crude Oil Prices – Weekly Outlook May 21-25
Crude oil prices continued their downward trend during most of last week. The Brent premium over WTI slightly increased again to the $15 -$17 range. During the upcoming week there are several reports and publications that may affect the oil…
Gold & Silver Prices | Weekly Recap May 14-18
The precious metals market changed direction during the second part of the week. Both metals started off the week falling along with the rest of the commodities markets and Forex rates (e.g. the Euro/USD). In Europe the conditions haven’t improved:…
Gold and Silver Ended the Week Rising–Recap May 18th
Gold and silver prices continued their rally and ended the week on a positive note. Crude oil (WTI) on the other hand continued its descent; natural gas future spiked. The Euro also changed direction and traded up against the USD.…
Gold & Silver Prices – Daily Outlook May 18
Gold and silver prices took a sharp turn and sharply rose yesterday. Gold recorded the sharpest single day gain this year (UTD). The Philly Fed Index tumbled down to -5.8 in May; this news may have rallied bullion prices but…
Gold and Silver Bounced Back on Thursday–Recap May 17th
Gold and silver prices changed direction and bounced back during yesterday’s trading. The recent disappointing news of the drop in the Philly Fed Index may have been among the factors to drag down energy commodities prices: Crude oil (WTI) continued…
Gold & Silver Prices – Daily Outlook May 17
Gold and silver prices tumbled down again during yesterday along with other commodities prices. The new elections in Greece will be held on June 17. In the meantime the ECB temporarily stopped lending to several Greek banks. Did the minutes…
Philly Fed Index Thumbed Down in May
Today, the fifth survey of 2012 for the Philly Fed Manufacturing Index for May was published: this survey estimates the U.S. manufacturing conditions changed direction from growth to contraction during May; the Philly Fed index tumbled down from +8.5 in…
Gold and Silver Tumbled Down on Wednesday–Recap May 16th
The recent news from Greece is that there will be elections on June 17th. The housing starts rose by 2.6% in April. This news along with the recent developments in Europe may have been among the factors to further drag…
Gold & Silver Prices – Daily Outlook May 16
Gold and silver prices continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new…