Gold and silver prices bounced back and rose yesterday. Currently, gold and silver prices are traded down. Yesterday, ECB kept its rate unchanged, the US unemployment claims slightly inclined, President Obama presented his job creation plan before Congress and Federal…
Category: EURO/USD
ECB kept interest rate at 1.5% – September 8
As expected the European Central Bank decided to keep the interest rate unchanged at 1.5%; Jean-Claude Trichet, president of ECB, addressed the current risks in the Euro Area including the bank’s new predictions of the GDP growth in Euro Area…
US initial claims increased last week September 8
Today’s U.S. jobless claims weekly report was published and showed a slight increase in initial claims of 2,000 for the week ending on September 3rd; it reached 414,000 claims (seasonally adjusted data); the insured unemployment rate remained unchanged at 3.0% for…
Gold & Silver Prices – Daily Outlook September 8
Gold price fell very sharply yesterday and nearly returned to its initial level from the beginning of September. This fall is consistent with yesterday’s rise in US stock markets and the sharp gains in US Treasury bills yields. Currently, gold…
Gold & silver kept losing ground | oil bounce back – September 7
Gold and silver prices sharply fell yesterday and thus continued the correction they had started this week. The US stock markets bounced back and gained some of the losses they endured during recent days. Crude oil prices soon followed and…
Bank of Canada kept rate unchanged at 1%
Today Bank of Canada announced it will keep its overnight interest rate unchanged at 1%. USD/CAD is currently traded down. This decision was made as the Canadian inflation pressures are subsiding; during July the Canadian inflation rate reached an annual…
Gold & Silver Prices – Daily Outlook September 7
Gold and silver prices started the week with light falls, despite yesterday’s decline in the US stock markets. Currently, gold and silver prices are traded down as the US stock markets are rising. Yesterday’s losses were probably related, in part to the…
Gold & silver started the week with light loses – September 6
Gold and silver prices ended the day with moderate falls; Some consider it was related to the decision of the Swiss National Bank to set a minimum exchange rate of 1.20 per Euro; as a result, traders sold their gold…
US non-PMI manufacturing index slightly rose to 53.3%
Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 53.3% during August. 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 21st consecutive…
Gold & Silver Prices – Daily Outlook September 6
Gold and silver prices ended the week with sharp gains; during yesterday they have also increased as major stock markets in Asia and Europe were traded down. Due to the long weekend in the US (Labor Day) there were no…