Archive for June, 2015

US Pacific Trade Deal Fails!

Tuesday, June 16th, 2015

This week an important development in the financial world took place with President Obama experiencing defeat at home while trying to push through the deal between the US and 11 other Pacific nations. Obama had hoped to fast-track the deal through Congress to make progress more quickly to try and get the deal completed well before he hands over to his successor in less than two years. President Obama’s failure to advance this crucial deal through Congress has important ramifications for anyone actively involved with online commodity trading.

Oil and Gold this week: Gloom or Gains?

Monday, June 1st, 2015

A Balancing Act?

The online commodity trading community has been carefully following the prices of oil during the past few months and some analysts believe that a slight price rise may be set for the near future.

Recently, it has been shown that stocks of crude in the United States fell for a fourth week in a row.

This was the primary cause of the rise of front-month Brent to $62.50 dollars a barrel (a gain of 40 cents).

Information released by the Energy Information Administration highlighted the fact that reserves within the United States fell by nearly 2.8 million barrels.