The price of oil tumbled down last week to the mid 60’s and remained at this level since then. OPEC’s decision to keep its quota unchanged has fueled this plunge in prices. But the main issue will also remain the…
The Oil Market Continues to Loosen
Market Movers #27: December’s big events, falling oil & negative GOFO
The ECB meeting and the NFP are the first big events of a busy last month of the year. We preview the big events that rock markets. We also look back at the meaning of crashing oil to markets, and the…
Gold and Silver Forecast for December 1-5
The recovery of precious metals came to halt last week as both gold and silver prices tumble down by around 2% and 5%, respectively. This week the main report of the week is the NF payroll report, which could impact…
Financial Market Forecast for December 1-5
Following the thanksgiving break, the markets will start working normal again. This week, the NF payroll report will take center stage in the U.S. Other financial reports from the U.S. include manufacturing PMI, factory orders and trade balance monthly updates.…
GLD Continues to lose its appeal
The modest recovery of SPDR Gold (GLD) in recent weeks came after shares of the gold ETF tumbled during the preceding two months. Despite this modest gain, GLD is still underperforming equities. Also, the rise in the gold to silver…
Market Movers #26: Holiday trading, US data run down and the Chinese cut
Markets are different during the holiday season that just began. How should you react? We begin with this topic and then talk about things that do move markets: the US data and especially GDP that look more complicated than earlier, the UK…