Following the recent FOMC meeting in which there was no news of another stimulus plan many currencies sharply declined against the US dollar; major commodities were traded with mixed trends: Gold price slightly declined while silver price moderately rose; crude…
The concerns regarding the faith of the European Union continue to grow; the recent agreement in the EU Summit in Brussels has failed to ease the speculation around the instability of the European Union. There are mixed signals regarding the…
Retails and foods services sales slightly increased in November compared with October 2011’s sales, and were also above the sales at November 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and…
Gold and silver prices started the week with very sharp losses; many commodities prices, stock indexes and forex exchange rates also sharply declined yesterday. This reaction was probably prompted by the markets’ disappointment from the recent EU Summit. Moody’s announcement…
The week started with sharp falls across the boarder at many financial markets including stocks, forex and commodities markets. This may have been stem, in part by the markets reactions to Friday’s EU Summit that didn’t reach the expectations of…
As I have expected, in the last Federal Open Market Committee meeting, which was held today, December 13th, there were no surprises and Committee decided to maintain its current monetary policy and didn’t introduce a new stimulus plan such as…
Gold and silver prices bounced back on Friday following the sharp falls recorded on Thursday, but now the tables have turned again as the precious metals prices are declining. The agreement reached on Friday in the recent EU Summit doesn’t…
Here is a weekly recap for gold and silver prices for the week of December 5th to the December 9th including changes in prices, chart analysis and the main events and news that may have affected gold and silver prices…
After long and hard deliberations in the recent EU summit that was held in Brussels on Friday, December 9th there seems to be a basic agreement among 23 of the 27 European Union that call for stronger fiscal controls –…
The third week of December brings many news items, meetings and events that may affect forex and commodities markets; these items include: U.S. PPI, U.S. CPI and Philly Fed Survey; OPEC’s meeting; FOMC meeting and statement; Swiss Bank’s rate decision…