The gold and silver market rallied again during last week. The bullion market’s recovery was partly due to the recent depreciation of the U.S dollar against leading currencies. The minutes of the March FOMC meeting were released and opened the…
The commodities markets heated up as oil, natural gas and precious metals rallied during last week. This week several reports, speeches and publications will come to fruition including: U.S retail sales, China’s GDP for the first quarter, Janet Yellen’s speech,…
Oil prices (WTI and Brent) changed direction and declined last week. WTI and Brent oil slipped by 0.5% and 1.2%, respectively. As a result, the gap of Brent oil over WTI contracted again: The premium ranged between $5.2 and $6.2.…
The gold and silver market slightly recovered during last week. The recent non-farm payroll report, in which 192 jobs were added during March, was an improvement from previous months but wasn’t better than expected. The rate of unemployment remained flat…
The commodities markets recovered mainly at after the U.S NF payroll report showed a rise of 192k in jobs during March. This week several reports and events will take place including: G20 Summit, U.S JOLTS Job Openings, China’s CPI, minutes…
Oil prices (WTI and Brent) rallied last week. WTI and Brent oil rose by 2.2% and 1.1%, respectively. As a result, the difference of Brent oil over WTI narrowed again: The premium ranged between $6.4 and $7.46. Last week, the…
The gold and silver market continued to cool down during last week. In the U.S, several reports were published and showed mixed signal regarding the progress in its economy: new home sales fell by 3.3% during February; pending home sales…
The precious metals market cooled down again last week; energy commodities prices rallied; in the forex market the U.S dollar slightly appreciated against the Euro and Japanese yen and dropped against the Aussie dollar and Canadian dollar. This week many…
The prices of gold and silver tumbled down during last week, following the FOMC’s decision to taper again QE3 by another $10 billion to $55 billion. This was Janet Yellen’s first decision as Chair of the Federal Reserve. This decision…
Oil price (WTI) slightly recovered last week as it rose by 0.6%. On the other hand, Brent oil dropped by 1.5%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $5.48 and $10.46. Last…