US factory orders declined more than expected

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Source: Forexpros
© Scanpix/AFP

US factory orders dropped more than projected in October, decreasing for the second month in line, according to official data. Factory orders decreased by 0.4% on a seasonally adjusted basis in October while analysts expected 0.3% decline. After the data release greenback edged down against the euro. EUR/USD thus gained 0.55% to 1.3467.

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Mon, 05 Dec 2011 16:59:25 GMT

Oil prices may rise if Iranian exports are blocked

After the report of IAEA on possible development of nuclear weapons by Iran, Western economies warned Iran on blocking its oil exports. The country responded that in case the exports are ceased the average price for oil will jump above $250/bbl thus slowing down the global recovery after crisis, said Ramin Mehmanparast, spokesman of Iran's Foreign Ministry.

Mon, 05 Dec 2011 16:57:45 GMT

Silver trading increases

COMEX silver trading is increasing, the volume of silver trade jumped by 39.3% last month to  1,327,376 contracts from 952,314 contracts in the previous month. Meanwhile, the open interest declined by 8% coupled with 4% fall in silver prices signalling that investors worry about assets' safety. The issue was also impacted by the CME Group inability to repay investors' money after MF Global collapse.

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