Following last week’s vote in the Greek parliament in which it approved the package of budget cuts proposed by Prime Minister George Papandreou, the European Union ministers of finance convened over the weekend and approved the aid to Greece. The…
Category: EURO/USD
Gold and silver prices outlook for July 2011
Gold and silver prices showed weakness during June as they did during the previous month of May. Could it be that the appeal of gold and silver as a safe haven was less true in recent months than it was in…
Weekly outlook for July 4 – 8
There are many news upon us in this upcoming week, including the US labor report, Euro rate decision, the Greek debt crisis and more that will likely to affect not only major currencies such as Euros and US dollar, but…
Recommended posts for the weekend – July 2nd
The month of June is behind us and we are upon a new month with same concerns including the Greek debt, among others. Here are several recommended posts regarding the forex and commodities markets of July 2nd: In Forexcrunch,…
Gold and Oil started off July with falls –July 1
Major commodities started off the month of July with falls; this includes crude oil prices (WTI and Brent oil), gold and silver prices; natural gas spot price, on the other hand started off July with moderate rises. Here is a…
Euro Area unemployment remained unchanged May 2011
The Euro Area unemployment rate remained unchanged during May 2011 on 9.9%; according to the recent Eurostat report, the rate was still lower than the rate of unemployment during May 2010. It’s estimated that nearly 22.378 million people in…
Gold & Silver Prices – Daily Outlook 1 July
Gold and silver prices finished June with moderate changes, but already started off July with falls. As we are entering the long weekend, what will gold and silver prices do today? The European unemployment report will be published today along…
US PMI manufacturing index rose to 55.3, gold prices declined
According to the recent U.S. Manufacturing ISM report regarding the U.S. Manufacturing PMI– an index that estimate the economic activity in the manufacturing sector in the U.S. – inclined during June to 55.3% after it reached on May 53.5%, i.e.…
Major commodities closed the day with moderate changes–June 30
Crude oil prices didn’t changes much yesterday as they closed with WTI spot oil moderately inclining and Brent spot oil moderately falling; Gold and silver prices also finished the day with light changes; natural gas future price on the other…
Oil Prices Daily Outlook 30 June
Crude oil prices rose again yesterday, but they are currently traded with moderate changes. Today the US unemployment claims report will be published along with the monetary development of European Union. Here’s a short analysis and outlook of the crude…