As expected the European Central Bank lower its basic interest rate by 0.25 percent points from 1.5% to 1.25%. Mario Draghi, President of ECB, in his first rate decision press conference followed through with the expectations of the market and…
In the recent Energy Information Administration petroleum report there is an analysis of the heating oil market in preparation for the winter. Here is a weekly review for the week ends on October 28th of the U.S. oil and petroleum…
Gold and silver prices sharply declined on the first day of November; this movement was probably driven in part by the news from Greece of a referendum. Today the FOMC will release a statement and Bernanke will also give a…
Following last week’s EU agreement on a reduction on the Greek debt, it seems that the crisis isn’t averted just yet: the Prime Minister of Greece Papandreou has put the European Union’s debt plan to a public vote by the…
November started off with losses for major commodities: gold and silver prices started trading with sharp falls that turned by the end of the day to just light falls for gold price; crude oil prices also slightly declined. Natural gas…
Gold and silver prices sharply fell on the last day of October after they had risen during recent weeks. Today the FOMC meeting will commence; the statement of the FOMC decisions followed by Bernanke’s press conference will be held tomorrow.…