Major commodities prices changed direction and hiked on the last day of the week, following the positive U.S non-farm payroll report. This rally came after they had declined during most of the week: crude oil price including WTI and Brent…
Gold and silver fell for the third consecutive day. The lingering effect of the recent FOMC decision to keep policy unchanged and ECB’s decision to leave interest rate unchanged may have contributed to the decline of not only the Euro,…
The U.S. employment rose y a higher rate than many had anticipated during July: according to the recent U.S. employment report, which was published today, August 3rd by the Bureau of Labor Statistics the number of non-farm employees grew…
Major commodities declined during the second day of August after there weren’t any changes in the monetary policy of the major Central Banks including FOMC and ECB: crude oil price (WTI) fell while Brent oil edged up on Thursday; gold…
Gold and silver declined for the second consecutive day after the FOMC didn’t announce any additional monetary expansion plans. As I have pointed out, without another QE program, gold and silver will likely to remain flat. The U.S manufacturing PMI…
Major commodities were traded with mixed trend during the first day of the month: crude oil price (WTI) rose while Brent oil decreased again on Wednesday; gold and silver prices continued to decline; natural gas Henry Hub (August delivery) and…
The Fed announced it won’t change its monetary policy and keep its ongoing plans of extending operation twist and keeping low rates until late 2014. The FOMC stated it sees signs of slowdown in the U.S. economy. Currently gold and…
Gold and silver didn’t do much on the last day of July as both precious metals edged down. Many other commodities rates such as oil prices and U.S stock markets also declined. Today, the FOMC will conclude a two day…
The recent developments in U.S and Europe raised again the talks over the changes in the monetary policies of the major central banks. Many anticipate there will be some sort of quantitative easing in the U.S and Europe during this…
Most major commodities declined during the last day of the month: crude oil prices including WTI and Brent oil decreased on Tuesday; gold and silver prices also decreased; natural gas Henry Hub (August delivery) remained unchanged while the spot price…