The much anticipated publication of the minutes of the recent FOMC meeting didn’t amount to more than a storm in a teacup: The minutes didn’t offer any additional insight about the Fed’s next move and the wording remained ambiguous. Basically,…
Precious metals prices changed direction and bounced back on Wednesday. Their rally didn’t coincide with the developments in the forex markets, in which the U.S dollar slightly appreciated against leading currencies such as Euro and Aussie dollar. In the U.S,…
Gold and silver prices continued their fall and declined for the second consecutive day following their sharp rise on Monday. In Europe flash manufacturing PMI indexes rose during July: EU PMI rose to 50.4 (in June it was 48.7); Germany’s…
Gold and silver prices changed direction and declined on Wednesday. Their fall coincided with the appreciation of the US dollar against leading currencies including Euro and Canadian dollar. IN his testimony in front of Congress, Bernanke reminded that the Fed…
The high volatility in the financial markets including forex and commodities during yesterday’s trading may have stemmed, in part, by the recent publication of the minutes of the FOMC meeting and Bernanke’s speech. The dovish remarks of Bernanke may have…
Gold and silver prices changed direction and fell yesterday. The U.S economy continues to show signs of progress as new factory orders rose by 2.1% during May. In Australia, the Reserve Bank of Australia left its policy unchanged and the…
Today’s U.S. jobless claims weekly report was published and showed a slight increase in initial claims of 2,000 for the week ending on September 3rd; it reached 414,000 claims (seasonally adjusted data); the insured unemployment rate remained unchanged at 3.0% for…
Today’s U.S. jobless claims weekly report was published and showed an increase in initial claims by 10,000 for the week ending on May 21st, and it reached 424,000 claims (seasonally adjusted data); the insured unemployment rate declined by 0.1 percent…
The U.S. jobless claims report was published today and showed a decline in initial claims by 29,000 for the week ending on May 14th, as it reached 409,000 claims; the insured unemployment rate remained unchanged at 3.0% for the week…
The U.S. jobless claims continued to rise during last week, according to recent report published yesterday; as the initial claims increased by 43,000 for the week ending on April 30th, and it reached 431,000 claims; the insured unemployment rate rose…