This upcoming week will start with all eyes towards the East coast of the US and the ramifications of Hurricane Irene. The last week of August will also present many items on the agenda that could affect commodities, forex and…
Category: EURO/USD
Gold & silver ended the week on a positive note – August 26
Gold and silver prices continued their rally back from the free gall they had endured on Tuesday and Wednesday. Bernanke gave a speech in Jackson Hole about the short and long term economic outlook of US; he didn’t refer to…
Ben’s speech – no QE3 for now
As anticipated by many in the market, Bernanke didn’t hint or implied of any further quantitative easing plan. Ben Bernanke, the chairman of the Federal Reserve, gave a speech today, August 26th named “The Near- and Longer-Term Prospects for the…
Gold & Silver Prices – Daily Outlook August 26
Gold and silver prices inclined yesterday and gained back some of the losses they had endured in the past couple of days that were stem, in part, by the recent CME margin hike on gold trading. Currently, gold and silver…
Gold & silver bounced back from sharp falls –August 25
Gold and silver prices gained back yesterday some of their value after they had fallen very sharply the day before; crude oil prices continue to moderately change and slightly inclined; natural gas spot price (Henry Hub) changed direction and declined.…
Gold & Silver Prices – Daily Outlook August 25
Gold and silver prices sharply declined yesterday and thus erased all that they have gained in the past week and a half; CME raise margins again on gold trading by 27% – this news probably contributed to the falls in…
U.S. durable goods report showed improvement in July 2011
Today, the U.S. Census Bureau published its monthly report on US new durable goods manufactures’ shipments, inventories and orders for July 2011 – the report showed an increase in orders of durable goods and capital goods compared with June’s rate.…
Gold & silver plummeted; erased all of last week’s gains –August 24
Gold and silver prices fell very sharply yesterday and thus erased all their gains from the past week and a half; these falls were the sharpest for gold price in 2011 and the steepest for silver price since May 5th…
Gold & Silver Prices – Daily Outlook August 24
Gold and silver prices fell for the first time in several days, while the S&P500 and other US stock markets sharply inclined yesterday. Currently, gold and silver prices are traded sharply down. Today, the US Report on core Durable Goods…
Gold and silver fell for first time in over a week –August 23
Gold and silver prices halted their rally and lost some ground yesterday after gold price inclined for six straight business days and silver price for seven; crude oil prices continued their recovery and rose yesterday; natural gas spot price (Henry…