Major commodities were traded in an unclear direction on the third business day of the week: the price of Brent oil and WTI oil bounced back and rallied yesterday; the prices of gold and silver remained virtually unchanged on Wednesday;…
According to the recent U.S. Census Bureau report regarding the new residential construction statistics for December 2012, the annual rate of housing starts spiked while rate of building permits inched up. This report sends a positive signal as to the…
Today, the first survey of 2013 for the Philly Fed Manufacturing Index for January was published. This survey estimates the U.S. manufacturing conditions. According to the latest update the conditions have deteriorated. Moreover, the index turned negative; the Philly Fed…
The Bureau of Labor Statistics published its latest report of the U.S CPI for December 2012. According to the latest report, the consumer price index remained unchanged after it had decreased by 0.3% in the previous month; in annual terms…
According to the recent January report published by the Organization of the Petroleum Exporting Countries regarding the recent developments in the crude oil market for December, the OPEC oil production inched down again during December compared with November’s oil production.…
The prices of gold and silver continued their upward trend and rose for the second consecutive day. The recent fall of other commodities prices and major risk currencies such as Euro, and Aussie dollar didn’t seem to slow down the…