During last week there were many financial reports that were published and may have helped move the financial markets. The conclusion (for the time being) of EU-Greece standoff which resulted in EU leaders approving the next bailout package for Greece brought some stability to the markets and may have helped rally the Euro along with major commodities. This week there are several reports to be published that could affect the direction of the markets including: U.S. pending home sales report, Bernanke’s testimony, a G20 summit, China’s manufacturing PMI, U.S Consumer confidence report, U.S.’s manufacturing PMI and U.S. unemployment claims.
As we are entering a new week, here are several recommended posts regarding the forex and commodities markets for February 26th:
In Forexcrunch, Yohay discusses the Greek debt crisis and its effect on the Euro/USD exchange rate. I would also like to remind you all that Yohay’s forex blog Forexcrunch was nominated for FX-Street best forex awards. You are welcome to check out his blog and vote for it on any of FX-Street page. According to Francesc Riverola, 1,500 people have already cast their votes.
Paul Krugman examines the reality of the European Crisis and criticizes the IMF plan for Greece.
Kathy Lien examines why the USD/JPY could head much higher;
In oil price there is an article on the Democrats’ plan to use oil stockpiles to relieve high oil prices – the article explains why this plan won’t work;
Larry Greenberg refers to the unexpected rally of the Euro;
In BO Crunch there is an analysis of what to look for when choosing a binary broker;
Tomorrow I will post a short outlook for the Euro/JPY;
In Trading NRG I examine the weekly outlook for gold and silver for the week of February 27- March 2;
And finally, on Israel Business Review, I review the recent update on the Israeli GDP for the second half of 2011.
Check out below for additional posts related to the upcoming week by Trading NRG: