Following the modest fall for gold and silver prices on Friday, they have started the week with sharp gains; crude oil prices continued their upward trend and moderately inclined yesterday as well. Natural gas prices on the other hand sharply…
Gold and silver prices made a comeback from the sharp falls they had recorded in September and rose during October. What were the main factors that contributed to the comeback of gold and silver prices in October? The uncertainty in…
Crude oil prices curbed their rally during last week after they had sharply inclined during October. Currently crude oil prices are traded slightly up. Today, the German Industrial Production will be published, and the Australian Trade balance report. Here’s an…
The first week of November revolved around the Greek debt crisis and the future of Greece in the European Union. Papandreou, the current Greek Prime Minster will try to form a government of national unity in order to pass the…
Following the positive news from the U.S. of the employment expanding by 80k in October there was a light recitation to this news by the financial markets as all eyes were set towards Greece canceling the Referendum. Yesterday major commodities…
The crude oil market had a less volatile week during the first week of November as oppose to the last week of October, but the news from Europe regarding the Greek debt crisis brought some volatility to the commodities markets…
The U.S. labor force continued to grow in October after it had grown in September: according to the recent U.S. employment report, which was published today, November 4th by the Bureau of Labor Statistics the number of non-farm employees inclined…
The financial markets continued to rally following the news from Europe including: the ECB cutting the rate by 0.25 percent points to 1.25% and the chance of Greece canceling the Referendum. Yesterday major commodities prices rallied: gold and silver prices finished…
Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52.9% in October. 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 23rd consecutive…
Following a two day meeting of the Federal Open Market Committee, it was decided to keep the monetary policy in the same direction with no earth-shattering changes. But Bernanke in the press conference kept the door open of an additional…