The Bureau of Labor Statistics published its monthly update: Total U.S. employment rose by a higher than expected rate – according to the ADP report, private non-farm payroll increased by 130k during October: The latest U.S. employment report, which was…
The price of natural gas sharply rose today as the EIA released its recent weekly update: the storage buildup was 35Bcf, which was lower than expected. Despite the low injection, it was still higher than the five year average. Moreover,…
Despite the low expectations for any change in policy, the ECB has surprised the markets as it has cut down the interest rate by 0.25 percentage point to 0.25% – its lowest level in history. From the other side of…
The Bureau of Labor Statistics published its monthly report: Total U.S. employment increased at a lower than expected rate – based on the ADP report, private non-farm payroll increased by 166k during September: The recent U.S. employment report, which was…
The rally of the housing market seems to have lost some of its momentum in recent months: The growth in housing prices have slowed down, and leading home-builders’ stock have sharply declined in the past several months: Shares of D.R. Horton…
The minutes of the recent FOMC meeting were came out today. The minutes revealed that several members thought it was high time to taper QE3 back in the September meeting. In the end, all members sans one decided to maintain…
The natural gas market has been cooling down in the past several weeks. The latest decline in the price of the natural gas was partly due to the slight fall in demand for natural gas – mainly in the residential/commercial…
The bullion market has cooled down as gold and silver prices fell during most of September. The recent decision of the FOMC to keep QE3 program unchanged wasn’t enough to pull back up precious metals prices. The aftermath of the…
Indian policymakers decided raising again imports tariff on gold and cutting silver imports tariff. This decision may affect the demand for gold and silver in India, which could also have some effect on the prices of precious metals. This isn’t…
Following yesterday’s FOMC meeting, in which it was decided to maintain $85 billion a month asset purchase program. From the FOMC’s statement: “…the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its…