Oil is currently priced at just below $53 a barrel, down from its high of $147.27 in the middle of July. The price of Crude is set to continue its downward spiral. According to analysts, this is in response to the news that Japan and the Euro-Zone have recently slipped into recession. They argue that [...]
U.S. Unemployment Claims, also known as Jobless Claims, is a survey used to measure the number of individuals who filed for unemployment insurance for the first time during the past week within the United States. It is released on a weekly basis, about 5 days after the week ends.
Recently we have begun seeing reports of increased piracy in the waters off the coast of Somalia. It seems these pirates have become more brazen in their tactics after successfully seizing a Saudi Arabian super-tanker carrying over $100 million in Crude Oil. While this tactic has proven successful for the perpetrators thus far, investors are [...]
While the United States is still struggling with the mortgage disaster, consumers should look ahead for another economic crisis: credit cards. At the end of last year, U.S. consumers owed more than $961 billion in credit card debt. Although not as large as the $11 trillion mortgage market, but it’s still a lot of [...]
It has been about 4 months since the USD began appreciating with no apparent stops, and several of our traders are finding themselves a bit confused in light of these radical changes.
Let’s try to understand what the main reasons are for this turn of events, and also a special bonus – how you can predict [...]
Britain’s economy is set to continue its downward spiral into mid-2010. Economists previously forecast that Britain’s economy will recover by the third quarter of 2010. However, forecasts have been adjusted due to the worse than previously expected financial crisis that Britain is experiencing.
The Confederation of British Industry (CBI) predicts that the unemployment rate may reach [...]
What is the U.S. Retail Sales Indicator?
U.S. Retail Sales is a leading economic indicator used to measure the percentage change in the total value of sales at the retail level during the previous month. It is a leading indicator of economic health because the report reflects a wide variety of consumer spending, such as restaurants, [...]
It creates a sigh of relief to see countries around the world taking steps to ensure liquidity and, more importantly, increase trade. One of the primary fears of many economists is that a major exporting nation, such as the United States or China, will begin using protectionist policies to ensure the survival of their industries [...]
With all the excitement surrounding the financial crisis, silver has taken a back seat in the commodity-trader’s consciousness. But quietly, behind the scenes, silver bullion is being increasingly accumulated by savvy investors around the world.
If you trade silver, you need to watch gold and anything that influences gold prices as the two markets tend [...]
Times look to be difficult for Britain. On Thursday, the Bank of England (BoE) made an extraordinary move, slashing their base lending rate by the largest amount since 1981.