In the recent report of the Bureau of Labor Statistics, the US inflation for May 2011 inclined by 0.2% or in annual terms by 3.6%. The prime reason for the increase was the incline in Food index that rose…
Category: EURO/USD
Gold & Silver Prices – Daily Outlook 15 June
Gold and silver prices continue to zigzag with no clear trend as they have bounced back with moderate rises following a drop in prices on Monday. The US’s CPI will be published today, along with the TIC that might affect…
Oil gold and silver prices bounced back–June 14
Major commodities prices bounced back and closed yesterday with rises. Gold, silver and crude oil prices inclined while natural gas prices started to drop. Here is a summary of the price movements of precious metals and energy commodities for June…
Oil prices daily outlook 14 June
Crude oil prices continue to moderately changed, but during recent days there has been an upward trend in the difference between Brent oil and WTI oil spot prices. Will this trend continue? Let’s review and analyze the crude oil market…
Gold and silver start off the week with falls –June 13
Gold and silver prices start off the week with falls, and thus continued the declines from the end of last week. Major energy commodities moderately changed with mixed trend. Here is a summary of the price movements of precious metals…
S&P downgraded Greece’s credit rating to CCC
The bad news keeps on coming on Greece, this time it comes from the S&P; the rating company downgraded Greece’s long term credit rating from B to triple C. According to S&P, Greece will need 153 billion euros between…
Saudi Arabia signals to raise oil production
Following the OPEC meeting from last week, in which OPEC ministers didn’t reach an agreement as to the whether to raise oil production quota, it’s currently reported that Saudi Arabia may raise its oil production quota in the months to…
Gold & Silver Price – Daily Outlook 13 June
Gold and silver prices finished the week with falls, but will these falls continue this week? Currently gold prices are traded up, let’s examine the main news and analyze the precious metals market for today, June 13th: Gold and silver…
Weekly outlook for June 13-17
Here is an economic news calendar for the week of June 13th to 17th that highlights the main news items and reports related to U.S., Canada, Japan, China and Europe. (all times GMT): Monday 13th of June 15.00 – ECB…
Major commodities prices finished the week with declines –June 10
Major commodities prices continue to zigzag with no clear trend and they finished the week with declines. Here is a summary of the price movement in energy commodities and precious metals for June 10th: Oil and Gas prices: WTI Spot…