Posts Tagged ‘Institute of Supply Management’
Gold and Oil News - March 6, 2012 23:57
Crude Oil Jumps on Supply Disruption Threat
Crude oil futures fell on Monday in reaction to the escalating worries over supply disruptions triggered by China’s economic data. Investors were uncertain after the news of reduced economic growth outlook by China moreover, United States and the euro zone also came up with disappointing economic data. Chinese Premier Wen Jiabao reduced China’s economic growth […]
Crude Oil Ends at its Record High in Reaction to Tensions in Iran
Crude oil futures rallied on Tuesday and settled at its highest level since May 10th, 2011 in reaction to uncertainty over oil supplies due to Iran tensions. Moreover US manufacturing data was also better than expected further supporting the oil. As per the Institute of Supply Management, the manufacturing index gained to 53.9 for the […]
Weekly Outlook for Forex Markets
Major economic events to hit the forex markets in the current week and which can affect the trading of major currencies are as follows: On Monday markets in United States, United Kingdom, Japan, Australia, New Zealand and Europe remained closed due to national holidays for the New Year. On Tuesday, January 3rd, 2011, United Kingdom […]
Weekly Outlook for Forex
On Monday, November 28th, 2011, United States reported its official data on new home sales while in euro zone, Germany published its preliminary data on consumer price inflation along with report on consumer climate. In United Kingdom, industry data on retail sales was released. New Zealand reported its data on business confidence on Monday. Today […]
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