The FOMC concluded its two day meeting with the decision to keep its $85 billion a month asset purchase program unchanged. This means, the FOMC won’t start tapering this month. This news is likely to pull down the USD and…
The highly anticipated FOMC meeting will take place this week. The main issue that many expect is whether the FOMC will start tapering QE3 soon. Many expect the FOMC could start tapering by roughly $10 to $25 billion a month…
Leading commodities prices have changed direction and tumbled down during last week: Oil, gold and silver plummeted last week after they had rallied during most of August. The highly anticipated FOMC meeting will take place this week and could stir…
The gold and silver market has cooled down last week: The price of gold fell by 5.61%; silver plummeted by 9.10%. In anticipation for next week’s FOMC meeting, the market may have adjusted to the possibility that the Fed won’t…
The price of gold slipped during the previous week by 0.69% while silver bounced back and rose by 1.59%. The market still waits for the FOMC’s next meeting, which will take place in less than two weeks. Even if the…
The Bureau of Labor Statistics came out with it monthly report: Total U.S. employment rose at a lower than expected rate – according to the ADP report, private non-farm payroll increased by 176k during August: The latest U.S. employment report,…
The precious metals market has heated up this summer as both gold and silver prices spiked during August. Will the recent rally hold up and keep bullion prices elevated or will gold and silver prices change direction and fall? Many…
Last week, leading commodities prices mostly increased, while the USD mostly depreciated against leading currencies. The slow movement in the forex and commodities markets might pick up as we are exiting the summer slowdown. In the upcoming week several reports…
The prices of gold and silver didn’t do much during the past week: The price of gold inched up by 0.06%, while silver slipped by 1.1%. This brings the past three weeks’ rally of both gold and silver to a…
Major commodities including gold, silver and natural gas rallied again during last week. Equities markets also made a bit of comeback as major indexes including the S&P500 rose. In the forex market, however, there was a mixed trend as the…