Last week ended with a dramatic announcement of Standard and Poor’s downgrade of US’s credit rating from AAA to +AA; the rumors behind this news are probably one of the factors that pulled not only stock markets, but also crude oil prices sharply down.
Here are several recommended posts regarding the forex and commodities markets of August 7th:
In Forexcrunch, Yohay examines if traders actually listen to the major rating agencies such as S&P and Moody’s. And following the recent rating downgrade, Forexcrunch analyzes the expected reactions of major currencies to this news coming Monday.
Gail Tverberg asks why the currently high crude oil prices will only make the Debt crisis even worse;
Al Fin talks about clean coal and the underground coal gasification;
Stuart Burns provides an additional perspective to the European debt crisis;
Larry Greenberg examines the ramifications of the recent deal struck in Washington over the deficit reduction and debt ceiling raise;
Jay Norris thinks that the US economic slowdown will last for the next several years;
And finally, on Israel Business Review, I review the recent rate decision of Bank Israel and analyze BOI monetary policy.
Here are additional long term articles on Trading NRG regarding major commodities:
Have a great weekend!!