During last week there were many financial reports and events that may have affected the financial markets one of the main events that stirred up the markets was Bernanke’s testimony in the House of Representatives; he said was encouraged from the progress of the U.S. economy; he also didn’t commit to another stimulus plan even though he didn’t completely close the door on it; This news along with the positive U.S. GDP growth rate for Q4 2011, signaled to many traders the FOMC won’t announce QE3 in the upcoming March meeting.
This week there are several reports and events that could affect the markets including: ECB rate decision, U.S. non-farm payroll report, U.S. factory orders, China’s CPI, U.S.’s non-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 March 6th:
In Forexcrunch, Yohay talks about the upcoming Super Tuesday, which is the elections to the Republican candidate in ten states; he also examines how if any this event will affect the direction of the US dollar against major currencies.
Paul Krugman talks about economics and the recent global crisis.
Kathy Lien presents a visual representation of the Greek CDS activation process;
In oil price there is an article on ramifications of the recent sanctions by the West on Iran;
In BO Crunch there is a daily setup for Binary Options;
In Trading NRG I examine the weekly outlook for gold and silver for the week of March 5-9;
And finally, on Israel Business Review, I review the recent decision of Bank of Israel to keep the rates unchanged at 2.5%.
Check out below for additional posts related to the upcoming week by Trading NRG:
Have a great week!!