The Chairmen of the Federal Reserve Ben Bernanke testified today in before the January FOMC meeting. In his testimony Bernanke remained dovish regarding the FOMC monetary policy. He stated that the current policy of low interest rates and asset purchase…
Natural gas (short term delivery) changed course and rallied during last week. According to the recent natural gas storage report, the natural gas storage contracted by a slightly faster than the average five years. Based on the to recent EIA…
Yesterday, the second survey for 2013 of the Philly Fed Manufacturing Index for February came out. This survey projects the U.S. manufacturing conditions. Based to the recent update the conditions have deteriorated again. Moreover, the index remained negative; the Philly…
The Bureau of Labor Statistics came out with its recent report of the U.S CPI for January 2013. Based on the latest report, the consumer price index remained flat for the second consecutive month; in annual terms the US CPI…
Based on the recent producer price index monthly update, which was published yesterday, the PPI for finished goods changed course and rose by 0.2% in January compared with December’s index. This report serves as an indicator for the developments in…
According to the latest U.S. Census Bureau report regarding the new residential construction statistics for January 2013, the annual rate of housing starts declined while rate of building permits edged up. This report sends a mixed signal as to the…
Natural gas (short term delivery) continued to decline during last week. According to the latest natural gas storage report, the natural gas storage contracted again by a slower pace than the average five years. According to the recent EIA report,…
Retails and foods services sales inched up again for the third consecutive month, during January 2013 by 0.1% compared with December’s sales and were also above the sales at January 2012. The U.S. Department of Commerce (pdf file) published yesterday…
According to the latest February update published by the Organization of the Petroleum Exporting Countries referring to the recent shifts in the crude oil market for January, the OPEC oil production edged down again during January compared with December’s oil…
Natural gas (short term delivery) slightly declined during last week. According to the recent natural gas storage report, the natural gas storage fell by a slower rate than the average five years. According to the latest EIA report, the NG…