Following yesterday’s slow trading day in which crude oil prices didn’t change much, they are currently traded down; will this decline continue? Let’s review and analyze the crude oil market for today, June 17th: Crude oil prices – June 2011…
The Eurostat published today that the Euro Area inflation rate reached 2.7% (Y-2-Y) during May 2011. This is a moderate decrease from April’s inflation rate of 2.8%. The EU inflation rate during April reached 3.2%, a decrease from 3.3% during…
Crude oil prices fell very sharply yesterday; the last time there was such a sharp fall was back in May 11th when WTI spot oil declined by 5.33%. Before that oil prices fell sharply by 8.18% on May 5th; in…
In the recent report of the Bureau of Labor Statistics, the US inflation for May 2011 inclined by 0.2% or in annual terms by 3.6%. The prime reason for the increase was the incline in Food index that rose…
The bad news keeps on coming on Greece, this time it comes from the S&P; the rating company downgraded Greece’s long term credit rating from B to triple C. According to S&P, Greece will need 153 billion euros between…
As expected, the European Central Bank kept its interest rate unchanged at 1.25%. According to Forex Crunch in yesterday’s press conference the ECB’s President Jean-Cluade Trichet used the terms “strong vigilance”; this term might be a tip for the future…