The US existing homes sales rate fell in July 2011 by 3.5%; this news serves as a good indicator of the economic slowdown in the US housing market. According to the recent report of Realtors, the number of US existing…
Category: EURO/USD
Gold & Silver Prices – Daily Outlook August 18
Gold and silver prices kept on rising but at a much slower pace than at the beginning of the month. Silver price changed from red to green in August as it slowly climbed back up from the sharp falls it…
US CPI rose by 0.5% in July | S&P500 trade down– August 18th
In the recent report of the Bureau of Labor Statistics, the US inflation for July 2011 inclined by 0.5% or in annual terms it rose by 3.6%. The CPI without food and energy also rose by 0.2% during July…
Gold & silver prices keep on rising –August 17
Gold and silver prices continue their rally, but at a slower pace than in the beginning of the week; Crude oil prices keep on seeking direction and as have bounced back from their recent sharp downward trend at the beginning…
Euro Area annual inflation fell to 2.5% | Merkel-Sarkozy Reject Euro Bonds
The Euro Area CPI fell to an annual rate of 2.5% during July 2011. This is a slight decrease form the June inflation rate of 2.7% (Y-2-Y). News update from today: The Merkel-Sarkozy Summit didn’t resolve the debt crisis in Europe…
US Federal deficit grew to $129 billion in July
The decision to raise the US debt ceiling earlier this month, seems to have come in a good time because according to the recent publication of the Monthly Treasury Statement, the US government deficit reached in July 2011 $129.37 billion;…
Gold & Silver Prices – Daily Outlook August 17
Gold price resumed its upward trend but at a much slower pace than at the beginning of the month. Silver price almost erased all the falls it had at the first few days of August. Gold and silver prices are…
Gold & silver prices keep on rising –August 16
Crude oil prices continue to zigzag as they have decreased yesterday, following sharp gains they have recorded on Monday; Gold and silver prices on the other hand continue to rise; natural gas spot price (Henry Hub) declined again on Tuesday.…
US Housing starts and building permits fell in July
The real estate market in the US changed direction and showed a moderate contraction during July compared with June’s figures. According to the recent U.S. Census Bureau report about the new residential construction statistics for July 2011: The seasonally adjusted…
Gold & Silver Prices – Daily Outlook August 16
Gold price bounced back from the falls it had in the past couple of business days. Gold price is still 7.8% above the price from the end of July. Gold and silver prices are currently traded up. Today, the U.S.…