Jawwad

Gold and silver recorded considerable gains after the Fed announced its plans of maintaining low interest rates in order to spur the US economy towards recovery. Gold future advanced by 0.91 percent to USD $ 1530.90 an ounce, while silver future advanced by a massive 4.81percent to be at USD $ 48.20 an ounce. The…Read more

Oil prices increased in New York, after the US Federal Reserve announced its plans of continuing with its relaxed monetary policy in order to bolster the US economy. WTI crude future for June delivery rose by 0.55 percent at USD $ 113.38 a barrel. Brent future increased by 0.38 percent to USD $ 125.61 a…Read more

The Greenback depreciated to its lowest level in two years against a basket of currencies, as speculators believed that the Fed shall continue to inject money into the US economy after its Quantitative Easing plans of purchasing Treasury Bonds worth USD $ 600 billion expires in June. The Fed is also expected to maintain overnight…Read more

Gold prices neared its record levels, as gold continued to make the inroads which it has been making this year on account of Europe’s sovereign debt, the crisis in Libya, the earthquake and tsunami in Japan, and the rising debt of the USA. God future for June delivery rose by 0.37 percent to USD $…Read more

Crude oil prices gained a bit after falling for a third consecutive day at NYMEX in New York, which is their longest losing streak in over a month. WTI for June delivery was priced at USD $ 112.39 a barrel. Meanwhile, Brent for June delivery was at USD $ 124.12 a barrel. The decline in…Read more

The British pound declined against the US Dollar, falling by 0.07 percent to be at 1.4617 against dollar.The Euro increase by 0.25 percent against the dollar to be at 1.4617 against dollar, while the dollar fell against the Japanese Yen by 0.1576 percent to be at 81.7045 against the Yen. The decline in the value…Read more

Silver prices fell on Tuesday, dragging with them the price of gold and oil downwards too. The price of silver fell by 2.78 percent to be at USD $ 45.86 an ounce, while the price of gold was at USD $ 1504.70 an ounce, decreasing by 0.29 percent. The drop in the price of silver…Read more

Oil prices declined from their 31-month high, after the Saudi Arabian national oil company announced that they were not comfortable with the high level of oil price. WTI fell by 0.13 percent at USD $ 112.13 a barrel, while Brent registered a slight increase of 0.10 percent to be at USD $ 123.78 a barrel….Read more

In the following series of posts, we shall delve deeper into analyzing crude oil in terms of its relative price in different currencies, the correlations between different currencies and oil prices, and the correlation between crude oil and gold.   Crude Oil Analysis: Correlation of Crude Oil Price with Gold Price We shall now look…Read more

In the following series of posts, we shall delve deeper into analyzing crude oil in terms of its relative price in different currencies, the correlations between different currencies and oil prices, and the correlation between crude oil and gold.   Crude Oil Analysis: Correlations of Crude Oil Price with Various Currencies We shall now be…Read more