The prices of precious metals shifted gear again and this time declined last week along with the decrease of certain currencies against the USD such as Canadian dollar, yen and Aussie dollar. The recent news of the hike in the…
Major commodities prices including oil rallied during last week while certain other commodities such as natural gas and precious metals changed course and fell last week. Next week several reports, meetings and events may affect the financial markets. These include:…
During the previous week, crude oil price rose again: WTI oil inched up by 0.33%; Brent oil rose by 2.41%. As a result, the gap between the Brent oil and WTI expanded; the difference between Brent and WTI ranged between…
The U.S. Census Bureau reported (opens pdf) on the changes in number of new homes sold in the U.S during December 2012: the number of new homes sales declined compared with the number of new homes sold during November 2012.…
The prices of precious metals changed direction again and this time they have declined during the past few days of the week. The recent news of the rise in the imposed tax on gold imports in India may have contributed…
Crude oil price continued to trade up during last week. The U.S stockpiles declined according to the recent EIA report. The difference between Brent and WTI slightly expanded to a range between $16 and $17 during the previous week. Brent…