Gold and silver continued to trade up last week; their rally coincided with the appreciation of the Euro and Canadian dollar again the USD and other commodities such as oil. The FOMC kept its policy unchanged. This news, however, seems…
Major commodities prices including oil, gold and silver continued to trade up during last week while certain other commodities such as natural gas fell. Next week several reports, decisions and events may affect the financial markets. These include: ECB and…
During last week, crude oil price continued their upward trend: WTI oil rose by 1.97%; Brent oil, by 3.07%. As a result, the gap between the Brent oil and WTI widened; the difference between Brent and WTI ranged between $16…
The prices of precious metals shifted gear again and this time declined last week along with the decrease of certain currencies against the USD such as Canadian dollar, yen and Aussie dollar. The recent news of the hike in the…
Major commodities prices including oil rallied during last week while certain other commodities such as natural gas and precious metals changed course and fell last week. Next week several reports, meetings and events may affect the financial markets. These include:…
During the previous week, crude oil price rose again: WTI oil inched up by 0.33%; Brent oil rose by 2.41%. As a result, the gap between the Brent oil and WTI expanded; the difference between Brent and WTI ranged between…
Major commodities prices including gold, silver and oil rose during last week. Will this rally continue? Next week several reports and speeches may affect the financial markets. These include: U.S new home sales, Mario Draghi’s speech, Euro-group meetings, Canada’s retail…
During last week, crude oil price resumed its upward trend. According to the recent EIA report, oil stockpiles rose by 3.7MB. During last week, WTI oil rose by 2.14%; Brent oil inched down by 0.03%. As a result, the gap…
The prices of precious metals spiked on Thursday along with the rest of the market including crude oil, stocks and Euro. The recent ECB meeting and press conference that followed may have contributed to this rally. But the following day,…
The recent decision of ECB to keep the short term interest rates unchanged along with Mario Draghi’s reassuring speech about the future progress of the EU in 2013 may have helped rally not only commodities prices but also the Euro/USD…