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Existing Home Sales Rise 1.4% in October, Down 5.1% Annually
Existing home sales saw a 1.4% boost last month compared to the decline seen the six months prior. National Association of Realtors data shows that 5.22 million units were sold…
EIA Crude Oil Inventories up 4.9 Million Barrels
EIA Crude oil inventories saw another jump this week as supply continues to push prices down. The…
Gold Prices Reach Session Highs as Durable Goods Orders Hit 15-Month Low
Orders to US factories for manufactured goods designed to last three years or more underwent the biggest slump in 15 months, dropping $11.7 billion in value to a total of $248.…
Bank of England Backs Theresa May's Brexit Deal Draft
Bank of England Governor Michael Carney backed Theresa May’s drafted Brexit deal this morning when addressing the UK Parliament, stating that the deal would support…
Housing Starts Increased 1.5% in October, Dropped 2.6% Annually
The rate of new homes being constructed increased in October as builders broke ground on residential properties, but annually housing starts are in decline. The housing market…
Gold Catching a Bid as Stocks Under Siege
The gold market is moving slightly higher in early action today as stocks once again come under significant duress. As of this writing, the Dow Jones Industrial Average is down…
The Market Week Ahead: November 19 – November 23
Happy Monday, traders.
After some excitement over the last 5-6 trading days, things are slowing down this week with Thanksgiving on Thursday; it’s nearly an America-only…
The Market Week Recap: November 12 – November 16
Happy Friday, traders.
So, what kind of week has it been?
You know what? I’m going to say it’s been a pretty positive week for gold. I admit that comparing gold’s…
Modest 0.1% Growth in US Industrial Production
Industrial production rose by 0.1% in October according to the Federal Reserve. While industrial production is not typically volatile, it speaks to the overall stability of the…
US Creates Increased Crude Oil Market Supply, Prices Drop
The price of oil dropped over the last two weeks following unusually high prices in the weeks…
Weekly Jobless Claims See a Slight Rise
Weekly jobless claims rose by 2,000 for a total of 216,000 for the week ending November 10th. Consensus estimates were looking for a decline in claims to 212,000 for the week.…
US Retail Sales Surge After Months of Decline
US Retail Sales have made a comeback after consistent decline since 2015, with the auto industry and related industries like gas being the main consumer focus.
The U.S.…
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