The euro enjoyed the strongest rally since 2009. We explain how Draghi sparked this. We then discuss the situation in oil and natural gas, move on to discussing the forex industry’s hot story about Plus 500 and preview next week’s events.…
The recent recovery of the USD provided the climate to bring back down gold and silver. Even the contraction in the US GDP during Q1 didn’t help pull up gold and silver, nor did the fall of long term treasury…
The U.S. dollar changed course and rallied against the Japanese yen, Aussie dollar and Canadian dollar and remained nearly flat against the Euro. The GDP for Q1, second estimate, was released on Friday and showed a contraction of 0.7% —…
The dollar is on a roll in the last two weeks. We discuss the reasons for this strength, and look forward to the next moves and rate hike expectations. We continue with a preview to OPEC’s meeting, a dive into…
The FOMC released the minutes of the last meeting. The news about the minutes was enough to pull up the U.S. dollar against leading currencies and drag along the way gold and silver. The odds of the FOMC raising rates…
This week will be short on account of Memorial Day, but this doesn’t mean we could see a rise in volatility following the end of the long weekend in the U.S. financial markets. On this week’s agenda: U.S. durable goods,…