Major commodities prices including gold, silver and oil rose during last week. Will this rally continue? Next week several reports and speeches may affect the financial markets. These include: U.S new home sales, Mario Draghi’s speech, Euro-group meetings, Canada’s retail…
The prices of precious metals shifted gear and rallied during the week. Moreover, due this rally, the prices of gold and silver ended the week higher than they were a week back. Bernanke’s speech from last week didn’t seem to…
Major commodities were traded mostly up on the last business day of the week: the price of Brent oil remained flat while WTI oil rose again yesterday; the price of gold edged down while silver increased on Friday; natural gas…
The prices of gold and silver rallied yesterday. In the U.S several reports came out yesterday: housing started spiked by 12.1% in December; jobless claims declined by 37k to reach 335k during last week; the Philly fed survey for January…
Major commodities were traded up on the penultimate business day of the week: the price of Brent oil remained unchanged while WTI oil rallied yesterday; the prices of gold and silver also increased on Thursday; natural gas Henry Hub future…
The prices of gold and silver remained virtually unchanged yesterday. In the U.S the debate over raising the debt ceiling continues and is likely to affect the financial markets in the weeks to follow. The U.S CPI remained unchanged during…
Major commodities were traded in an unclear direction on the third business day of the week: the price of Brent oil and WTI oil bounced back and rallied yesterday; the prices of gold and silver remained virtually unchanged on Wednesday;…
According to the recent U.S. Census Bureau report regarding the new residential construction statistics for December 2012, the annual rate of housing starts spiked while rate of building permits inched up. This report sends a positive signal as to the…
Today, the first survey of 2013 for the Philly Fed Manufacturing Index for January was published. This survey estimates the U.S. manufacturing conditions. According to the latest update the conditions have deteriorated. Moreover, the index turned negative; the Philly Fed…
The Bureau of Labor Statistics published its latest report of the U.S CPI for December 2012. According to the latest report, the consumer price index remained unchanged after it had decreased by 0.3% in the previous month; in annual terms…