Precious metals fell again during last week until Friday when the non-farm payroll report showed a gain of 209K in jobs – less than market expectations. Earlier this week, the FOMC decided to taper again its QE3 program and had…
Most leading commodities took a nose dive last week, while USD rallied against leading currencies. This week, BOJ, BOE, RBA and ECB will have a rate decision meeting, in the U.S several economic reports will come out including non-manufacturing PMI,…
U.S. employment rose 209K, according to the Bureau of Labor Statistics. This figure came short of market expectations as the ADP report showed that private non-farm payroll grew by 218K during July. According to the latest U.S. employment report, the…
Here is another test episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of Forex Crunch. As you can see from the title, we are still in a testing period. You are welcome to listen, subscribe…
Silver and gold resumed their downward trend during most of last week. The recovery of the USD against leading currencies may have contributed to the decline of precious metals. The lack of growth in the U.S equities and the drop…
This week, several U.S economic reports will be published including non-farm payroll, manufacturing PMI, GDP Q2 first estimate, pending home sales, and jobless claims. The FOMC will convene again for the fifth time this year to decide of any changes…
Silver and gold took a nosedive last week. Even the escalation in the relations between Russia and US wasn’t enough to pull up precious metals. The Chair of the FOMC Janet Yellen testified before Congress, in which she didn’t provide…
Oil prices recovered last week on account of the rise in tension between the U.S and Russia. Moreover, this news provided some backwind for gold and silver but it wasn’t enough to offset the huge selloffs in precious metals market…
Precious metals changed course and plunged at the beginning of the week only to slightly recovery by the end of the week following the rise in tension between Russia and US. The Malaysian airliner plane was shot down over Ukraine;…
The gold and silver market heated up last week after they didn’t do much in the previous week. The minutes of the FOMC meeting may have partly contributed to the rally of precious metals by the end of last week:…