Gold and silver prices continued their downward trend and recorded the sharpest fall since the beginning of April 2012. Crude oil price (WTI and Brent) also tumbled down yesterday. Natural gas Henry Hub (July delivery) rose while the spot price…
Gold continued to trade down, while silver edged up during yesterday’s trading. The FOMC announced it will extend its operation twist, in which the Fed extends the average maturity of its holdings of securities, throughout the rest of the year.…
The U.S real estate market continue to dwindle as it was reported today that the U.S. existing homes sales rate declined during May 2012 by 1.5% (M-o-M); this news comes after it was reported last week that there was a…
The FOMC extended operation twist for the rest of the year but didn’t announce any additional QE program. The Fed also lowered its economic projection of the U.S economy. This news didn’t help commodities prices as many of them declined.…
Today, the sixth survey of 2012 for the Philly Fed Manufacturing Index for June came out: this survey estimates the U.S. manufacturing conditions that continued to contract during the month; the Philly Fed index fell from -5.8 in May to…
The price of oil continues to fall and within two months it declined by nearly $20. This downward trend continues. At the same time, the leading energy companies including Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) didn’t seem…