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…
Most commodities tumbled down last week, while USD recovered against leading currencies mainly against the Euro after the recent ECB rate decision. This week, in the U.S several economic reports will be released including JOLTS, retail sales, consumer sentiment, and…
Most leading commodities took a nose dive last week, while USD rallied against leading currencies. This week, BOJ, BOE, RBA and ECB will have a rate decision meeting, in the U.S several economic reports will come out including non-manufacturing PMI,…
The oil market cooled down again during the previous week as the WTI and Brent dropped by 3.1% and 3.9%, respectively. As a result, the premium of Brent oil over WTI narrowed again; the premium ranged between $6.71 and $5.83.…
The prices of oil and natural gas took a noise dive last week, while precious metals rallied mainly by the end of the week. On this week’s agenda: Yellen testifies, Philly Fed index, U.S PPI, China’s GDP for the second…
The bullion market rallied again for the second consecutive week. The surge in violence in parts of Iraq may have contributed to the rise in prices of not only oil but precious metals. This rally may have also been driven…
The oil market didn’t move much last week as oil prices (WTI and Brent) slightly declined during last week. WTI inched down by 0.05%; Brent oil declined by 0.73%. As a result, the gap of Brent oil over WTI slightly…
The commodities and forex markets remained relatively unchanged last week as the prices of precious metals, natural gas and oil slightly moved. This week, many news items of the agenda including: U.S PPI, China’s industrial production, U.S JOLTS report, EU…
Leading commodities markets cooled down in the past week as the prices of precious metals, natural gas and oil declined. This week, many news items of the agenda including: Janet Yellen’s speech, U.S retail sales, China’s industrial production, BOE’s Governor …
The gold and silver market rallied again during last week. The bullion market’s recovery was partly due to the recent depreciation of the U.S dollar against leading currencies. The minutes of the March FOMC meeting were released and opened the…