Dovish Fed comments and concerns of a Greek default should support yellow metal prices.
The price of getting Greece ejected or pushed out of the euro has now risen once again as ECB added to the ELA provided to Greek banks amidst a bank run that is sapping as much as EUR800mln per day.In basic terms, ECB is allowing lending via Eurosystem…
Two reasons why WTI crude oil prices are down today are the Greek debt negotiations and looming Iran deadline.
The international news has big implications on where WTI oil prices are headed the rest of the year.
Here’s a breakdown of today’s movements…
Tags: Crude Oil, Crude Oil Prices, oil price today, Oil Prices, Oil prices today, why wti crude oil prices are down today, WTI crude oil, wti crude oil prices, WTI oil, WTI oil prices
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American wages after inflation fell sequentially for the second month this year.
The Fed has delayed a rate hike yet again. It seems convinced the economy isn’t ready to survive on higher short-term rates.
Ronald Reagan is surely rolling in his grave. He is credited for much that he didn’t actually accomplish on the economic front, but his most singular real victory—-decisive repudiation of the Keynesian macro-economic policy model that had produced stagflationary havoc for more than a decade—-overshadows all his fiscal failures and the urban legend that he actually tamed Big Government. Needless to say, however,…
The House just voted to give President Obama sweeping new authority to negotiate the same kinds of trade agreements that have shafted America’s middle class and gutted the US economy.
Recently, speaking at a banking conference in St Petersburg, Elvira Nabiullina, head of the Central Bank of Russia outlined the CBR position on foreign exchange reserves. Nabiullina note that Russian reserves are large – sufficient to cover almost 11 m…
Upon reading Charles Lane’s Washington Post column this morning about Congress’ fight over giving President Obama sweeping new trade authority, …