The prices of major commodities including gold, crude oil and silver fell again on a weekly scale; major currencies pairs including the Euro and Aussie dollar also depreciated against the USD during the previous week. Will commodities and risk currencies…
Major commodities prices including oil, gold and silver continued to trade down during last week; major currencies pairs including the Euro and Canadian dollar also decrepitated against the USD during last week. Will commodities prices continue to decline next week?…
Today, the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52.6% in December. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 25th consecutive…
In today’s OPEC meeting the OPEC ministers reached an agreement on the future crude oil production in 2012, as oppose to the last OPEC meeting back in June 8th, in which OPEC members couldn’t reach a consensus on OPEC’s oil…
Yesterday, the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52% in November. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 24th consecutive…
The Foreign Affairs Ministers of the top European Countries will convene today, Thursday December 1st in Brussels and will decide whether to impose sanctions on Iran including an embargo on Iranian oil. The escalation in the relation between Iran and…
Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52.9% in October. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 23rd consecutive…
Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 53.0% in September. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 22nd consecutive…
Following the OPEC meeting from last week, in which OPEC ministers didn’t reach an agreement as to the whether to raise oil production quota, it’s currently reported that Saudi Arabia may raise its oil production quota in the months to…
EIA outlook oil market for 2011 and 2012 was released yesterday. According to the report, despite the recent drop in gasoline prices in the US as the crude oil prices curbed their rises; there is a good chance that the…