The prices of leading commodities including crude oil and gold moderately rallied during last week. Despite the recent ECB rate cut leading “risk related currencies” such as the Euro and Aussie rose during most of last week. In the upcoming…
Gold and silver prices moved in an unclear trend throughout the week: Despite the high volatility of precious metals and unclear trend, both gold and silver rose by the end of the week by 0.73% and 0.99%, respectively. The main…
Major commodities prices mostly increased on the last business day of the week: the prices of Brent and WTI oil rose on Friday; natural gas Henry Hub future (short term delivery) also slightly increased yesterday; silver price rallied while gold…
Following the Fed’s decision to keep its policy unchanged, the ECB surprised many investors and decided to lower its short term interest rate to an all time low of 0.50% – a 0.25pp reduction. This decision pulled down the Euro…
The U.S. employment rose by a higher than anticipated pace – based on ADP estimate, the non-farm payroll rose by 119k during April: According to the latest U.S. employment report, which was published today, May 3rd by the Bureau of…
Gold and silver prices tumbled down during April. The minutes of the FOMC meeting may have been the trigger for the sharpest fall in the prices of bullion in a single day in recent decades. The rise in volatility of…
Despite the high expectations that the Fed will make a change to its monetary policy, the Fed left its policy unchanged. This includes the Fed’s $85 billion a month asset purchase program. The speculations that the Fed might lower its…
The Fed left its policy unchanged for May. The FOMC concluded its two day meeting on May 1st. Based on the recent FOMC statement, The Fed decided to continue its asset purchase program that includes purchasing agency mortgage-backed securities at…
Major commodities prices tumbled down on the third business day of the week: the prices of Brent and WTI oil plunged on Wednesday; natural gas Henry Hub future (short term delivery) also declined yesterday; silver and gold prices changed direction…
The bullion market cooled down in the past several days. This low movement might start to pick up today as three main news items will close the week: today’s FOMC statement, tomorrow’s ECB rate decision and Friday’s non-farm payroll report.…