Crude oil started off the first week of 2012 with very sharp gains in crude oil price on the first couple of days as many oil traders became bullish on oil. As the week progressed oil prices changed direction and…
Crude oil prices started off the month of January with sharp gains mainly during the first couple of days of the year. Will this upward trend continue? For the second week of January, let’s examine what is up ahead for…
Following the sharp gains in commodities prices during the first week of 2012, the second week of 2012 might continue this direction pending the new reports and decisions that will be made during the week. Some of the news items…
Gold and silver prices changed direction and ended up moderately falling on the last day of the week; WTI crude oil price also slipped yesterday; on the other hand natural gas future price rallied on Friday. Major currencies such as…
In this week’s Energy Information Administration petroleum report there is a yearly recap on the crude oil market for 2011.. Here is a weekly review for the week ends on December 30th of the U.S. oil and petroleum market: Crude…
Gold and silver prices continued their upward trend and finished yesterday rising; crude oil prices changed direction and ended up yesterday dropping; natural gas prices also declined. Major currencies such as Euro and Australian dollar sharply depreciated against the U.S…
The U.S. labor force sharply grew again during December: according to the recent U.S. employment report, which was published today, January 6th by the Bureau of Labor Statistics the number of non-farm employees grew by 200,000 – the highest increase…
Today, the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52.6% in December. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 25th consecutive…
Gold price continued to rally and rose for the second consecutive day while silver prices changed direction and moderately declined; crude oil continued to trade up, while natural gas spot price declined. Major currencies such as Euro and Australian dollar…
According to the recent Eurostat report the Euro Area inflation rate slightly slipped by 0.2 percent points to reach an annual inflation rate of 3% in December 2011. This decline comes despite the recent cuts in the ECB’s interest rates.…