The upcoming speech of the Federal Reserve chairman Ben Bernanke this coming Friday, August 26th brings many to speculate whether he will say, hint, smoke signal his intentions to issue a new stimulus plan, i.e. quantitative easing plan/ QE3. There…
Category: EURO/USD
U.S. new home sales slightly fell again in July 2011
Today, the U.S. Census Bureau issued its monthly report on US new homes sales for July 2011 and didn’t shows much improvement from June. According to the report, in July 2011 the annual rate of number of US new home…
Gold & Silver Prices – Daily Outlook August 23
The week may have started with gold and silver prices rising, but currently they have changed direction and are being traded down. Is this just a correction or a beginning of change in pace? Today, the US new homes sales…
Gold and silver started off the week reaching new highs – August 22
The precious metals market continues to heat up with gold and silver prices reaching new highs: gold price is nearing the $1,900 mark, silver price passing the $43 mark; crude oil prices have changed direction with Brent oil falling and…
Gold & Silver Prices – Daily Outlook August 22
The week started with gold and silver prices trading up, after they had been climbing up during each day of last week. Will this trend continue? Today, the US Mortgage delinquency rate for the second quarter of 2011 will be…
Weekly Outlook for August 22-26
The second week of high volatility in the financial markets has ended, and the upcoming week may continue this trend. There are many news items on the agenda for the upcoming week including, among others, the Bernanke speech, US mortgage…
Recommended posts for the weekend – August 21
The concerns over a slowdown in the US and Europe affected the traders as the major stock markets in US, Europe and Asia experienced high volatility and sharp falls. Before we enter a new week with new agenda, here are…
Gold and silver finished the week rising –August 19
The stock markets fell for the second straight day, but this didn’t cause a sharp drop in oil prices as Brent oil even finished the day in the green. Gold and silver prices completed a whole week of gains as…
Gold & Silver Prices – Daily Outlook August 19
Gold and silver prices rose again yesterday and thus gold price has completed four consecutive days of gains and silver prices five consecutive business days. The sharp falls in the stock market around the world mainly in the US provided the backwind for…
Gold rises, oil falls and stock markets crash –August 18
The stock markets fell very sharply yesterday; the markets seem to consider the possibility of an imminent double dip recession in the US and Europe. Perhaps the recent US home sales report stimulated this reaction. The last time this happen…