Following the recent ECB rate cut by 25pp to 0.75%- its lowest rate and the disappointing U.S non-farm payroll report major commodities prices including oil, natural gas and gold declined during the second half of last week. Will this downward…
Crude oil prices shifted with an unclear trend during the first couple of days of the week but soon enough they declined mainly on the last day of the week after the U.S labor report came out and showed that…
Crude oil prices continued to zigzag from gains to losses. The recent ECB rate cut by 25pp to 0.75% its lowest rate may have contributed to the decline in oil prices via the Euro/USD exchange rate. The disappointing U.S non-farm…
Natural gas prices changed direction and for the first time in three weeks the future price declined. On the other hand the NG spot price continued to rise. Following these changes the difference between future and spot shifted from Contango…
Precious metals took another dive during the first week of July. This fall coincided with the decline in many other financial markets such as oil, U.S stocks etc. The two main events of the week that contributed to fall of…
Following the publication of another disappointing U.S employment report, the financial markets closed the week on a negative note: The Euro sharply fell again against the USD. Major commodities rates also declined including the Aussie dollar. Crude oil prices including…