After long and hard deliberations in the recent EU summit that was held in Brussels on Friday, December 9th there seems to be a basic agreement among 23 of the 27 European Union that call for stronger fiscal controls –…
The third week of December brings many news items, meetings and events that may affect forex and commodities markets; these items include: U.S. PPI, U.S. CPI and Philly Fed Survey; OPEC’s meeting; FOMC meeting and statement; Swiss Bank’s rate decision…
Gold and silver prices moderately changed throughout the second week of December with a downward trend. The ongoing uncertainty vis-à-vis the potential outcome of the current European debt crisis continues to affect commodities and forex markets. The main news item…
Following Thursday’s ECB’s decision to cut the rate by 0.25 percent point and also Mario Draghi statements of his opposition of bond purchase program by ECB, the commodities prices rallied from the sharp falls recorded on Thursday: Gold and silver prices…
Natural gas prices changed direction and after the sharp gains recorded on the first week of December, natural gas was traded down last week; in particular the Henry Hub future price sharply declined during most of last week, while natural…
Crude oil prices started December with a downward trend after they had risen during the past couple of months. Next week there is an OPEC meeting that might stir up the oil market and affect the crude oil prices’ development.…