Category: EURO/USD

Gold & Silver Prices – Daily Outlook October 7

Gold and silver prices sharply inclined yesterday along with the rest of the markets. The ECB decided to keep interest rates unchanged. Currently, gold and silver prices are traded with moderate changes. Today, the U.S. Unemployment Rate & Non-farm Employment…

ECB Left Interest Rate Unchanged at 1.5% – October 6

Despite the high expectation that the European Central Bank will lower its basic interest rate, Jean-Claude Trichet, President of ECB, wasn’t pressured and decided to keep the interest rate unchanged at 1.5%; Jean-Claude Trichet, in his last ECB rate decision…

Gold & Silver Prices – Daily Outlook October 6

Gold and silver prices continue to seek direction and ended yesterday moderately rising. The continuous rally the U.S. and Europe stock markets were probably driven from the recent bailout plans in the European markets that may have curbed the gains…

U.S. Non-PMI Manufacturing Index Slightly Slipped to 53%

Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 53.0% in September. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 22nd consecutive…

Gold & Silver Prices – Daily Outlook October 5

Gold and silver prices zigzagged again as they sharply declined yesterday and thus erasing the gains they had recorded on Monday. The gains the U.S. stock markets over the recent speech of Bernanke and the new hope of finalized bailout…

Gold and Silver Shifted to Red –Daily Recap October 4

Gold and silver prices changed direction again and sharply declined yesterday; WTI crude oil price also sharply declined, while Brent oil price bounced back; natural gas spot price continued its downward trend and fell yesterday. Here is a summary of…