According to the recent release of the Philly Fed Manufacturing Index the index still showed weakness in manufacturing conditions, but slightly improved compared with the previous month’s report; the September index inclined from -30.7 in August to -17.5 in September.…
Category: EURO/USD
Euro Area annual inflation remained unchanged at 2.5%
The Euro Area CPI remained unchanged at an annual rate of 2.5% during August 2011. Among the Euro Area countries with the highest inflation rates were Estonia (5.6%), Latvia (4.6%), and UK (4.5%). The lowest inflation rates were recorded in…
US CPI rose by 0.4% in August | silver is trade down– September 15
In the recent report of the Bureau of Labor Statistics, the US inflation for August 2011 inclined by 0.4% or in annual terms it rose by 3.8%. The CPI without food and energy also rose by 0.2% during August and…
Gold & Silver Prices – Daily Outlook September 15
Gold and silver prices continue to zigzag: yesterday they have ended slipping. The recent rally in the American and European stock markets in the past several days, along with the rise in U.S. Treasury bills yields might suggest that traders…
ECB & Fed will offer loans to European banks
ECB officials announced today that ECB, with the help of the Federal Reserve will offer US dollar based loans to Euro Area banks for three months that will ensure these banks will have enough liquidity to end 2011. This news…
Gold and silver prices continue seeking direction – September 14
Gold and silver prices continue to zigzag with no clear path as they have moderately declined yesterday; Crude oil WTI price changed direction and moderately declined as well; Natural gas spot price (Henry Hub) continue to rise. Here is a…
US retail sales unchanged during August – September report
Retails and foods services sales didn’t change in August compared to July 2011, but were still by 7.2% above the sales at August 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail…
US PPI remained unchanged in August – September report
The producer price index was published today. It showed that the rate of PPI for finished goods didn’t change in August compared to a 0.2% increase (seasonally adjusted) during July. This report also serves as an indicator to the upcoming…
Gold & Silver Prices – Daily Outlook September 14
Gold and silver prices continue to seek direction in September. Despite the sharp changes in gold and silver prices throughout the month, gold price (as of yesterday) fell by only 0.1%, and silver price by 1.4%; the sharp appreciation of…
US Federal deficit grew by $134 billion in August
The House of Representatives’ decision made at the beginning of August to raise the US debt ceiling, coincides with the growth in US Federal deficit: according to the recent publication of the Monthly Treasury Statement, the US government deficit grew…