Category: EURO/USD

Gold Silver and Oil Rose on Wednesday –Recap August 15th

Many energy commodities rose again on Wednesday: crude oil prices (WTI and Brent) increased yesterday for the second consecutive day; natural gas Henry Hub (September delivery) declined while the spot prices rose on Wednesday; gold and silver changed direction and…

Philly Fed Index Slightly Rose Again in August

Today, the eighth survey of 2012 for the Philly Fed Manufacturing Index for July came out. This survey estimates the U.S. manufacturing conditions. According to the recent report the conditions have improved but the index was still negative for the…

U.S Housing Starts Declined by 1.1% in July 2012

According to the latest U.S. Census Bureau report regarding the new residential construction statistics for July 2012, the annual rate of housing starts decreased while the rate of building permits increased. This report sends a mixed signal as to the…

Gold & Silver Prices – Daily Outlook August 15

Gold and silver declined again for the second straight day. Will this weakness in the bullion market continue? The Euro Area GDP contracted during the second quarter of 2012 by 0.2%.  This news may have contributed to the decline of…

U.S PPI Rose by 0.3% in July – August Report

According to the recent producer price index monthly report, which came out yesterday, the PPI for finished goods rose by 0.3% in July compared with June’s index. This report serves as an indicator for the developments in the U.S core…

Gold & Silver Prices – Daily Outlook August 14

Gold and silver, much like many other commodities, changed direction from last week and declined on Monday. The speculations around the future plans of ECB and Bank of China in regards to their respective stimulus plan could continue influencing bullion…

Euro Area GDP Down by 0.2% in Q2 2012

EURO AREA GDP 2012 Q2 update 2009-2012 GDP Q3011 (percent) August 2012

The Euro Area GDP contracted by 0.2% during the second quarter of 2012; this contraction in GDP came despite the slight growth in Germany’s economy by 0.3% and perhaps due to the decline in GDP in other leading countries such…