Oil prices (WTI and Brent) rose again last week: WTI increased by 2.68%; Brent oil, by 1.85%. As a result, the spread of Brent oil over WTI contracted: The premium ranged between $5.59 and $7.68. The drop in Libya’s oil…
The price of gold slipped during the previous week by 0.69% while silver bounced back and rose by 1.59%. The market still waits for the FOMC’s next meeting, which will take place in less than two weeks. Even if the…
Several commodities continued their general upward trend: Last week, leading commodities including oil and silver rose again. Conversely, some other commodities such as gold and natural gas changed direction and fell. In the forex market, leading currencies including Aussie dollar…
The Bureau of Labor Statistics came out with it monthly report: Total U.S. employment rose at a lower than expected rate – according to the ADP report, private non-farm payroll increased by 176k during August: The latest U.S. employment report,…
Despite the many news items on yesterday’s agenda including the ECB’s rate decision there were little changes in policy or surprises: ECB, as expected, didn’t change its policy and left the basic interest rate flat. But the main issue was…
The rally of precious metals didn’t last long as both gold and silver changed direction and tumbled down on Wednesday. Their recent fall erased their gains from Tuesday. Their unclear trend in the past couple of days doesn’t seem related…