According to the recent U.S. Census Bureau report about the new residential construction statistics for June 2012, the annual rate of housing starts declined while the rate of building permits rose. This report sends a mixed signal of the progress…
The Bureau of Labor Statistics published today the latest report of the U.S CPI for June 2012. According to the publication the consumer price index remained unchanged but in annual terms the US CPI rose by 1.7%. The consumer price…
Major commodities didn’t do much during the first day of the week. Crude oil prices including both WTI and Brent continued their rally on Monday; gold and silver rates changed direction and after they had increased on Friday, on Monday…
Retails and foods services sales edged down again in June 2012 compared with May’s sales, but were above the sales at June 2011. The U.S. Department of Commerce published its monthly report on the developments in the U.S. retail and…
Crude oil prices changed direction and rose during most of last week. The recent OPEC report and IEA monthly update didn’t show a significant change from the previous reports. The disappointing GDP growth rate of China for Q2 2012 may…
The recent publication of the minutes of the FOMC meeting didn’t help rally commodities during last week. On the other hand, there were many talks over the possibility of a stimulus plan in U.S and China, especially after the publication…
The recent weakness of the U.S stock market which is reflected in the low growth of the S&P500 index might be among the key factors to pull down Exxon Mobil Corporation (NYSE: XOM). The upcoming publication of the financial reports…
Crude oil prices started to rise again during last week. Further, the gap between Brent and WTI was also widened. The recent OPEC report and IEA monthly update showed that there was little change in OPEC’s production. The disappointing GDP…
Major commodities changed direction and on the last day of the week many commodities rates rose. Perhaps the speculation over the next move of BOC after the disappointing GDP growth rate came out on Friday may have triggered this rally.…
Major commodities didn’t do much yesterday: Crude oil prices including both WTI and Brent edged up on Thursday; gold declined again for the third consecutive day, while silver rose for the second straight day. Natural gas Henry Hub (August delivery)…