As anticipated the FOMC left its policy unchanged in the last meeting, which ended today July 31st. In the released statement, the FOMC stated it will maintain its current $85 billion a month of long term securities until the U.S…
The bureau of economic analysis published today July 30th its first estimate of the growth rate of the U.S. Gross Domestic Product for the second quarter of 2013. Based on the current report, U.S output of goods and services growth…
The price of natural gas tumbled down during last week mainly on Monday. The demand for natural gas in the residential/commercial and power sectors slightly rose last week; the supply also slightly increased. Moreover, based on the EIA natural gas…
Silver imports in India have sharply increased at the beginning of the year. According to one report, in the first five months of 2013, silver imports to India rose by 26% compared to the first five months of 2012. If…
Retails and foods services sales slightly increased again for the seventh time in eighth months; the index rose during June 2013 by 0.6% compared with May’s sales and also remained above the sales at June 2012. The U.S. Department of…
The minutes of the latest FOMC meeting were published today. The minutes didn’t present too much added value information that wasn’t covered in the statement of the FOMC meeting and the press conference that followed. But the market is reacting…
The natural gas market hasn’t done much during last week following the sharp fall in natural gas prices a couple of weeks ago. According to the latest EIA update, last week’s buildup in natural gas storage was roughly the same…
Silver imports in China have decline in recent months. Conversely, China’s gold imports continue to pick up. The sharp drop in the prices of gold and silver are likely to only pull up the demand for gold and silver in…
The U.S. employment rose again by a higher than expected pace – based on the ADP estimate, the non-farm payroll increased by 195k during May: Based on the recent U.S. employment report, which was published today, July 5th by the…
The U.S. Census Bureau reported (opens pdf) today on the changes in number of new homes sold in the U.S during May 2013: the number of new homes sales increased compared with the number of new homes sold during April…