Following the publication of another disappointing U.S employment report, the financial markets closed the week on a negative note: The Euro sharply fell again against the USD. Major commodities rates also declined including the Aussie dollar. Crude oil prices including…
The decision of ECB to cut the rate by 25pp to 0.75% caused the Euro to fall against the USD. Major commodities rates also fell. The on the other hand several rates such as the Aussie dollar slightly appreciated against…
Despite high expectations, the U.S. employment didn’t rise by a much higher pace in June than in the past few months: according to the latest U.S. employment report, which was published today, July 6th by the Bureau of Labor Statistics…
In this week’s petroleum and oil weekly report by the Energy Information Administration, there is an analysis of the record high distillate exports. The total U.S oil and petroleum stockpiles changed direction and fell for the first time in none…
Due to the U.S Independence Day holiday the U.S markets were closed so that major commodities only slightly movement in the Asian and European Markets. These changes weren’t recorded in the U.S markets. The Euro slightly depreciated against the USD.…
Gold and silver prices bounced back on Tuesday after they had declined on Monday. Yesterday it was reported that the U.S factory orders (new orders) rose by $2.7 billion in May. The recent news of the IMF lowering the U.S…
Major commodities changed direction again and this time bounced back on Tuesday after they had declined on Monday. Crude oil prices including both WTI and Brent hiked on Tuesday. Natural gas Henry Hub (August delivery) also rose. Gold and silver…
The oil market heated up in the past couple of weeks; after oil price had tumbled down during most of May and June, on the last day of June oil prices took a sharp turn and hiked. Since then there…
The price of BP plc (NYSE:BP) rose last month by 11.2% and thus completed one of the best performing months in 2012. Will this rally last? Let’s examine the recent developments related to BP including the settlements of the 2010 oil…
Major commodities changed direction and declined on Monday after they had hiked on Friday. The disappointing U.S and China’s manufacturing PMI may have contributed to the decline in commodities rates. Crude oil prices including both WTI and Brent declined on…