Many energy commodities and precious metals remained virtually unchanged in the Asian markets as the U.S and European markets were closed due to the Holiday. Major currencies were traded mostly slightly down against the USD. In particular the Euro declined…
During last week, major energy commodities changed direction and rallied while precious metals continued to trade down. Last week several U.S reports were published: U.S GDP for the third quarter was revised up to a growth rate of 3%; the…
During last week, crude oil prices rose again despite the downward trend of certain “risk currencies” such as Canadian dollar and Aussie dollar against the USD. Based on the latest EIA report, oil stockpiles fell by 1.9MB. During the previous…
Crude oil prices continued to rise during lost of last week. The U.S stockpiles changed direction and slightly increased according to the latest EIA report. The gap between Brent and WTI slightly narrowed to a range between $20 and $21…
Many energy commodities traded mostly down on the last business day of the week: the price of Brent oil and WTI oil changed direction and fell– WTI oil increased for five consecutive business days before falling yesterday; the prices of…
Many commodities traded with a mixed trend again on the penultimate business day of the week: the price of Brent oil slipped yesterday while WTI oil rose again – WTI oil increased for fifth consecutive business day; the prices of…
The bureau of economic analysis published today December 20th its final estimate of the growth rate of the U.S. Gross Domestic Product for the third quarter of 2012 and a third estimate for corporate profits. According to the recent update,…
Today, the twelfth survey of 2012 for the Philly Fed Manufacturing Index for December was published. This survey projects the U.S. manufacturing conditions. According to the recent update the conditions have improved. Further, the index turned positive; the Philly Fed…
Many commodities traded with a mixed trend on the third business day of the week: WTI oil and Brent oil rose again yesterday – WTI oil increased for fourth consecutive business day; the prices of gold and silver continued to…
The prices of crude oil bounced back and increased in recent days. The Energy Information Administration came out with its petroleum and oil weekly update: During last week, U.S stockpiles changed direction and moderately declined: the total U.S oil and…