Following the U.S Independence Day holiday there are many publications and reports that will come out today that could affect the bullion markets. As expected, ECB announced it will cut its interest rate for July by 0.25 percent point to 0.75%…
Due to the U.S Independence Day holiday the U.S markets were closed so that major commodities only slightly movement in the Asian and European Markets. These changes weren’t recorded in the U.S markets. The Euro slightly depreciated against the USD.…
As many had expected the European Central Bank lowered the basic interest rate at 0.75%; the last time ECB had cut the rate was back in December by 0.25 percent points President of ECB, Mario Draghi also referred in the…
Gold and silver prices bounced back on Tuesday after they had declined on Monday. Yesterday it was reported that the U.S factory orders (new orders) rose by $2.7 billion in May. The recent news of the IMF lowering the U.S…
Major commodities changed direction again and this time bounced back on Tuesday after they had declined on Monday. Crude oil prices including both WTI and Brent hiked on Tuesday. Natural gas Henry Hub (August delivery) also rose. Gold and silver…
The oil market heated up in the past couple of weeks; after oil price had tumbled down during most of May and June, on the last day of June oil prices took a sharp turn and hiked. Since then there…