The natural gas market cooled down last week, as the price of the Henry Hub fell by 4.5%. Moreover, the natural gas ETF United States Natural Gas (UNG) also tumbled down by 4.6%. Will UNG keep falling down? Let’s review…
How Low Can UNG Go?
Gold and Silver Forecast for October 13 -17
It seems the market was waiting for an excuse to start selling off the U.S dollar after it had spiked in the recent weeks against the Euro, Yen and Aussie dollar. Last week, the minutes of the FOMC meting provided…
Financial Market Forecast for October 13 -17
The recovery in the USD took a turn as its fell against leading currencies. The huge selloffs also led to a rally for precious metals prices. The minutes of the last FOMC meeting along with the revised down IMF economic…
Market Movers #19: State of the US job market, FOMC minutes rundown and falling oil
6 years after the crisis broke out, how far has the improvement in the US job market gone? We begin with this big picture overview and continue to a rundown of the FOMC minutes which triggered a huge market reaction. We…
Is Oil Heading towards a New Year Low?
United States Oil (USO) resumed its downward trend as it fell by nearly 3% since the beginning of October. Let’s review some of the latest developments related to USO that could impact its direction and performance. The chart shows the…
Will Silver and SLV Fall to A new Low?
Shares Silver Trust (SLV) took another nose dive and the silver ETF tumbled down by 4.6%. The latest better than expected non-farm payroll report contributed to SLV’s fall. Looking forward, will SLV keep falling to a new low? Also, how…