Major commodities suffered one of the sharpest declines of 2011: Gold and silver prices sharply decreased as many attribute the catalyst for this reaction was the recent decision of the FOMC to purchase $400 billion long term securities by the…
The FOMC decision to purchase $400 billion LT securities is likely to continue affecting in small doses the financial markets throughout June 2012 when the program will end. But currently the financial markets don’t seem to be pleased with this…
Major commodities changed direction again and yesterday most of the commodities prices declined. The major announcement came yesterday as the FOMC decided to purchase additional long term securities at $400 billion by the end of June 2012. Gold price slightly…
The US existing homes sales rate rose in August 2011 by 7.7%; this news comes despite the ongoing tight credit problems in the US and the slowdown in housing starts fell in August. According to the recent report of the…
Gold and silver prices continue to zigzag as they have bounced back yesterday from Monday’s falls. During September gold price changed direction eleven times (on a daily scale) out of the past 13 business days. The FOMC meeting started yesterday…
Following the two day meeting of the Federal Open Market Committee, it was decided that there won’t be another quantitative easing plan for now that will expand the Fed’s balance sheet; it was decided that the Fed will purchase $400…
Major commodities rebounded from the sharp falls they have endured on Monday and ended yesterday with moderate rises. Gold and silver prices rose but are still below their initial level from the beginning of September; crude oil prices changed direction…
According to the recent U.S. Census Bureau report of the new residential construction statistics for August 2011 there was an increase in building permits, but there was a drop in housing starts. The seasonally adjusted annual rate of building permits…
Gold and silver prices sharply fell yesterday after they had inclined on Friday. The recent news from the European debt crisis comes from Italy, as S&P downgraded Italy’s credit rating from +A to A. Furthermore, the IMF lowered global economic…
Following the dramatic downgrade of US’s credit rating at the beginning of August, now Italy’s turn came up: Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday, September 19th, that it downgraded Italy’s credit rating from…