Crude oil prices continue to zigzag and moderately fell yesterday; these shifts in directions are in line with the shifts in the US stock markets; currently crude oil prices are traded down along with the US stock markets. Yesterday, the…
The recent Energy Information Administration petroleum report tries to provide an answer to the ongoing rising gap between the Brent oil price and WTI spot oil price in 2011. In the report, the EIA gives two main explanations for this…
As expected the European Central Bank decided to keep the interest rate unchanged at 1.5%; Jean-Claude Trichet, president of ECB, addressed the current risks in the Euro Area including the bank’s new predictions of the GDP growth in Euro Area…
Today’s U.S. jobless claims weekly report was published and showed a slight increase in initial claims of 2,000 for the week ending on September 3rd; it reached 414,000 claims (seasonally adjusted data); the insured unemployment rate remained unchanged at 3.0% for…
Crude oil prices changed direction and sharply inclined while major stock markets including the S&P500 rose as well. Currently, crude oil prices are traded with moderate falls. Today, the ECB rate decision will be announced, the EIA natural gas report…
Gold and silver prices sharply fell yesterday and thus continued the correction they had started this week. The US stock markets bounced back and gained some of the losses they endured during recent days. Crude oil prices soon followed and…
Today Bank of Canada announced it will keep its overnight interest rate unchanged at 1%. USD/CAD is currently traded down. This decision was made as the Canadian inflation pressures are subsiding; during July the Canadian inflation rate reached an annual…
Crude oil prices started September with moderate falls, which is consistent with the declines in the major stock markets including the S&P500. Yesterday the spread between Brent oil and WTI oil reached a new high. Currently, crude oil prices are…
Gold and silver prices ended the day with moderate falls; Some consider it was related to the decision of the Swiss National Bank to set a minimum exchange rate of 1.20 per Euro; as a result, traders sold their gold…
Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 53.3% during August. 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 21st consecutive…