Crude oil fell ahead of Fed decision and supply report

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Source: Forexpros
Crude oil declined in European morning session on Wednesday as market participants await outcome of FOMC meeting due later in the day. Moreover, traders anticipate EIA report on US stockpiles also due later in the day. Light, sweet crude oil futures for July delivery traded at 83.59 US Dollars per barrel on the New York Mercantile Exchange, dropping by 0.45%.


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Wed, 20 Jun 2012 14:07:01 GMT

Australia's housing sector contracted by 25% in Q1

Australia's real estate sector shank by 25% in Q1 on an annual basis, reported Australian Bureau of Statistics. The sector posted contraction for fourth quarter in a row. Instable global economy and poor domestic demand both contributed to a weakness of the property sector. Experts claim that housing sector is the weakest sector in the country's economy.

Wed, 20 Jun 2012 13:41:00 GMT

Gold futures almost flat ahead of Fed decision

Gold prices were slightly lower in European session on Wednesday ahead of key decision from the Fed due later in the day. Traders also eye developments across Greece‘s and Spain's economic situations. COMEX gold August contract traded at 1,618.25 US Dollars per troy ounce on the New York mercantile Exchange, inching down by 0.3%.

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