Gold and Oil News - January 26, 2012 23:40
Gold Futures Rally as the Greenback Weakens
Gold futures rallied on Wednesday and crossed the psychological barrier of $1,700 per ounce as the US dollar declined and US Fed announced to keep the interest rate at their lowest. Managing director, Jeffery Wright from Global Hunter Securities commented, “It looks like someone awoke to the fact that loose monetary policy will eventually impact [...]
Other Recent Articles
- EIA Reports Increase of 3.6 Million Barrels in Crude Oil Stockpiles
Energy Information Administration reported increase of 3.6 million barrels in crude oil inventories on Wednesday while analysts forecasted the increase of 700,000 barrels in oil inventories for the week ending January 20th, 2012. Another trade group, API reported the increase of 7.3 million barrels in the crude oil stockpiles. Gasoline inventories declined by 400,000 barrels [...]
- Crude Oil Declines on API Data
Crude oil futures declined on Tuesday as API reported huge increased in crude oil inventories data. The stronger greenback also exerted some pressure Crude oil futures. Commodities are always negatively correlated with US dollar as stronger greenback makes commodities expensive for investors of other currencies. Editor, Tom Essaye from 7:00’s Report commented, “Oil is lower [...]
- Weekly Forex Outlook
Major economic events which have a significant impact on the forex markets for the week ending January 27th, 2012 are as under: On Monday January 23rd, 2012, report on consumer confidence was released in euro zone. In Canada, index of leading economic indicators was released while in Australia, government data on producer price inflation was [...]
- Energy Information Administration Reports Decrease in Oil Stockpiles
Energy Information Administration released its report on Wednesday and disclosed decline of 3.4 million barrels in crude oil inventories for the week ending January 13th, 2012. Analysts were expecting the increase of 2.6 million barrels in the crude oil supplies. API on the other hand reported the decline of 4.8 million barrels in crude oil [...]
- Crude Oil Futures Gain on API Data
Crude oil futures gained on Thursday’s Asian trading session in reaction to decrease in inventories data released by American Petroleum Institute. As per latest report of API the crude oil inventories fell 4.8 million barrels for the week ending January 13th, 2012 whereas analysts were expecting the increase of 2.6 million barrel in crude oil [...]
Most Popular Content
- Gold Futures Rally as the Greenback Weakens
- EIA Reports Increase of 3.6 Million Barrels in Crude Oil Stockpiles
- Crude Oil Declines on API Data
- Weekly Forex Outlook
- Energy Information Administration Reports Decrease in Oil Stockpiles
- Crude Oil Futures Gain on API Data
- Gold Jumps as Greenback Weakens
- Major Economic Events to Affect the Forex Markets
LiveWire Economics Blog - Nov 16, 2011 23:51 - 0 Comments
Unemployment Rate Reaches its Record High in United Kingdom
Recession surrounds all over the globe and now United Kingdom reaches its record level since 1996 in terms of its unemployment rate. UK’s unemployment rate has increased to 8.3 percent for the quarter ending in September as compared to 8.1 percent for the three months ending in August. As per the latest report of U.K’s [...]
More In LiveWire Economics Blog
Gold and Oil News - Jan 26, 2012 23:40 - 0 Comments
Gold Futures Rally as the Greenback Weakens
Gold futures rallied on Wednesday and crossed the psychological barrier of $1,700 per ounce as the US dollar declined and US Fed announced to keep the interest rate at their lowest. Managing director, Jeffery Wright from Global Hunter Securities commented, “It looks like someone awoke to the fact that loose monetary policy will eventually impact [...]
More In Gold and Oil News
Crude oil futures declined on Tuesday as API reported huge increased in crude oil inventories data. The stronger greenback also exerted some pressure Crude oil futures. Commodities are always negatively correlated with US dollar as stronger greenback makes commodities expensive for investors of other currencies. Editor, Tom Essaye from 7:00’s Report commented, “Oil is lower [...]
Shares and Markets - Jan 11, 2012 23:58 - 0 Comments
European Stocks Decline in Reaction to Worries over Region’s Debt Crisis
Stock markets in Europe declines on Wednesday in reaction to escalating concerns over euro zone sovereign debt crisis. The Stoxx Europe 600 index fell 0.4 percent to 249.9 for the day. Energy sector took the major hit today’s session. The negative sentiments dominated after the comments of David Riley, Head of Fitch who said that [...]
More In Shares and Markets
- Stock Markets in Europe Fell on the Region’s Debt Fears
- European Stocks move in Bullish Rally Triggered by Successful Italian Bonds Auction