After the sharp gains recorded on Thursday to major commodities, Friday ended with a slower trading day as major commodities prices slightly changed: crude oil prices slipped; gold price slightly declined while silver price rose again. On the other hand…
Major commodities got a big bump yesterday after the news of EU leaders reaching an agreement on the debt crisis resolution, and the news of the U.S. GDP growth rate reaching 2.5% broke; these news items seem to have helped…
The bureau of economic analysis published today its advance estimate of U.S. GDP 2011 third quarter of 2011: According to the report, the growth rate of the real U.S GDP 2011 in the third quarter of 2011 was 2.5%; in…
Gold and silver prices continued their rally and increased for the fourth straight business days; on the other hand crude oil prices sharply fell; natural gas prices were traded with mixed trend as the spot price increased while the short…
After ten hours of deliberations the EU leaders have managed to reach an agreement regarding the main issues of the European debt crisis. The EU leaders agreed to make a 50% haircut on the Greek debt; they have also agreed…
In the recent Energy Information Administration petroleum report there is an analysis of the future role of Brazil in becoming one of the prime non-OPEC crude oil supplier. Here is a weekly review for the week ends on October 21st…
Today, the U.S. Census Bureau published its monthly report on U.S. durable goods manufactures’ shipments, inventories and orders for September 2011 – the report showed a decrease in orders of durable goods and in capital goods compared to August. According…
Today, the U.S. Census Bureau reported on U.S new homes sales for September 2011 and it showed a change in direction as the number of homes sold rose compared with August’s numbers. According to the report, in September 2011 the…
The precious metals market heated up again as gold and silver prices sharply inclined for the third straight business days; WTI oil price sharply rose, while Brent oil slipped resulting in the gap between the two energy prices shrinking; natural…
According to the recent U.S. consumer confidence survey, the consumer confidence index slipped in October compared with September’s index. The index reached in October to 39.8 (1985=100) a drop from 46.4 in September. American consumers’ short term outlook in U.S.…