During last week the forex and commodities markets didn’t move much, but this may change in the upcoming week as the third FOMC meeting will be held on Tuesday and Wednesday. I speculate there won’t be another QE3 program and in such a case the U.S dollar is likely to strengthen against major currencies including the Euro and GB pound.
This week there are several other reports and events that may affect the financial markets including: U.S. new home sales, Canada’s retail sales, U.S. and U.K GDP for Q1 2012, EU manufacturing PMI, BOJ rate decision and U.S. unemployment claims.
As we are entering a new week, here are a few recommended posts regarding the forex and commodities markets for April 23rd:
In Forexcrunch, Yohay reviews the recent elections in France and the effect this may have on the Euro;
Paul Krugman talks about the upcoming QE program and explained what the Fed tried to reach by issuing the first two QE programs.
Larry Greenberg asks to which drum the leading exchange rates will march in the near future;
Kathy Lien is interviewed on here thoughts on the recent sharp movement in the Chinese Yuan;
In oil price there is an article about the problem in banning the oil trading speculation;
In BO Crunch there is a weekly setup for Binary Options;
In Trading NRG I examine the weekly outlook for gold and silver for the week of April 23-27;
And finally, on Israel Business Review, I examine the structure of the Israeli fuel price and ask is the fuel price high?
Check out below for additional posts related to the upcoming week by Trading NRG: