After long and hard deliberations in the recent EU summit that was held in Brussels on Friday, December 9th there seems to be a basic agreement among 23 of the 27 European Union that call for stronger fiscal controls –…
The third week of December brings many news items, meetings and events that may affect forex and commodities markets; these items include: U.S. PPI, U.S. CPI and Philly Fed Survey; OPEC’s meeting; FOMC meeting and statement; Swiss Bank’s rate decision…
Following Thursday’s ECB’s decision to cut the rate by 0.25 percent point and also Mario Draghi statements of his opposition of bond purchase program by ECB, the commodities prices rallied from the sharp falls recorded on Thursday: Gold and silver prices…
Gold and silver prices changed direction again and sharply declined along with the rest of the financial markets such as the crude oil market and the European and American stock markets. The ECB rate decision and the press conference that…
Gold and silver prices continued to seek direction in the past few days as is the case for other commodities and forex markets. Today, European Central Bank will decide on its interest rates (update: ECB reduced the interest rate again…
Major commodities were traded yesterday with a mixed trend: Gold price bounced back and rose while silver price changed direction and slightly declined; crude oil prices also shifted from green to red as they have declined yesterday as well; natural…
As expected the European Central Bank lower again its basic interest rate by 0.25 percent points from 1.25% to 1.00%. This announcement clearly shows a paradigm shift in ECB’s way of thinking as the ECB seems more concerned and involved…
Gold and silver prices continued the week with moderate changes and no clear trend. All eyes are still towards the upcoming EU summit and tomorrow’s ECB rate decision. Today, Great Britain Manufacturing Production report will be published; Germany’s Industrial Production…
Major energy commodities prices continued to gain yesterday: WTI and Brent oil prices inclined. Natural gas prices (Henry Hub) also rose. Gold price slightly declined while silver price increased. Major currencies such as Euro slightly appreciated against the US dollar.…
Gold and silver prices started the week falling despite the gains recorded in the stock markets and the moderate increase in Euro and AUD against the USD. Will S&P downgrade the Euro Zone countries’ credit rating? How, if any will…