You can forget from the fundamentals for now, this market reacts very sharply and extremely to the changes in directions in the stock markets. Crude oil prices fell very sharply yesterday and they are currently trade down as well. Today,…
The stock markets fell very sharply yesterday; the markets seem to consider the possibility of an imminent double dip recession in the US and Europe. Perhaps the recent US home sales report stimulated this reaction. The last time this happen…
The US existing homes sales rate fell in July 2011 by 3.5%; this news serves as a good indicator of the economic slowdown in the US housing market. According to the recent report of Realtors, the number of US existing…
In the recent report of the Bureau of Labor Statistics, the US inflation for July 2011 inclined by 0.5% or in annual terms it rose by 3.6%. The CPI without food and energy also rose by 0.2% during July…
Crude oil prices continue to zigzag but still demonstrate a gradual upward trend in the past few days. The EIA oil market report was published yesterday and showed a decline in crude oil stockpile of 1.37 million bbl during last…
The producer price index was published yesterday. It showed that the rate of PPI for finished goods inclined by 0.2% (seasonally adjusted) during July compared with June’s figures. This increase is after the PPI fell by 0.4% during June. This…
Gold and silver prices continue their rally, but at a slower pace than in the beginning of the week; Crude oil prices keep on seeking direction and as have bounced back from their recent sharp downward trend at the beginning…
According to the recent Energy Information Administration petroleum report, the U.S. oil rigs count passed the 1,000 mark for the first time ever. The number of rigs may serve as a lagged indicator for the changes in crude oil and…
Crude oil prices changed direction again and slightly fell yesterday despite their recent upward trend in recent week. The shift might be related, in part, to the recent fall in the stock market, including the S&P500. Crude oil prices are…
Crude oil prices continue to zigzag as they have decreased yesterday, following sharp gains they have recorded on Monday; Gold and silver prices on the other hand continue to rise; natural gas spot price (Henry Hub) declined again on Tuesday.…