Oil price (WTI and Brent) resumed its rally during last week. WTI oil increased by 1.9%; Brent oil, by 1%. As a result, the gap of Brent oil over WTI slightly narrowed: The premium ranged between $7.16 and $8.43. Last…
Oil Outlook for February 24-28
Category: Weekly Forecast
Financial Market Forecast for February 24-28
The commodities markets continued to recover last week; in the forex market the Euro slightly appreciated against the USD. This week several reports will come out and may affect commodities, equities and forex markets; these include: EU economic outlook, U.S…
Gold and Silver Forecast for February 17-21
Gold and silver continued to rally last week following the ongoing slowdown in the U.S: retail sales declined by 0.4% during January; industrial production declined by 0.3% in January. Finally, jobless clams rose by 8k to reach 339k. Janet Yellen,…
Oil Outlook for February 17-21
Oil price (WTI and Brent) didn’t do much during last week. WTI oil slightly rose by 0.42%; Brent oil slipped by 0.77%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $8.38 and $8.74.…
Financial Market Forecast for February 17-21
The prices of leading commodities rallied during the past week. Moreover, the US dollar also depreciated against leading currencies such as Euro, Japanese yen and Aussie dollar during last week. In the upcoming week several reports, decisions and events will…
Oil Outlook for February 10-14
Oil price (WTI and Brent) rose again during last week. WTI oil rose by 2.5%; Brent oil, by 3%. As a result, the gap of Brent oil over WTI widen: The premium ranged between $8.59and $9.69. Last week, the EIA’s…
Gold and Silver Forecast for February 10-14
Gold and silver recovered last week following the news of the slow progress of the U.S economy: Nonfarm payroll employment rose by only 113k jobs; the manufacturing PMI decreased by 5.2 percentage points to 51.3 – this means the manufacturing…
Financial Market Forecast for February 10-14
The financial markets rallied as most stocks markets and commodities rose during last week. Even the lower than expected number of jobs added in the U.S during January, according to latest NF payroll report, didn’t stop commodities and stocks to…
Will The Natural Gas Market Slow Down?
The price of natural gas jumped again and on Wednesday passed the $5.5 level – the highest level since January 2010. By the end of the week, however, natural gas tumbled down to below $5. United States Natural Gas (UNG)…
Gold and Silver Forecast for February 3-7
Gold and silver changed direction and fell last week mainly following the latest FOMC’s decision to cut down again its asset purchase program by an additional $10 billion to $65 billion a month. This mini-taper was expected and yet it…