The week ended with energy commodities prices rising, and bullion metals prices reaching new highs; the week also ended with news that the US CPI in June declined by 0.2%; the Fed chairman Bernanke testified in house of representatives and opened the door for a stimulus plan as a possibility if and when the Fed will see fit to use it. Here are several recommended posts regarding the forex and commodities markets of July 16th:
In Forexcrunch, Yohay examines the changes in the EURO/USD exchange rate and the effect of the recent stress tests of European banks on the Euro;
Kathy Lien reviews the debt conditions in Italy and compared it to other European countries;
Michael Greenberg compares the US forex brokers’ profitability report for Q2 2011;
Richard Rousseau examines the Indonesia and tries to answer why more investors consider it one of the most interesting and attractive emerging markets worldwide;
Gail Tverberg analyzes the relation between Peak oil prices and Peak debt;
And finally, on Israel Business Review, I review the Israeli wages and labor market for May 2011.
Here are additional long term articles on Trading NRG regarding major commodities for the month of July 2011:
- Gold and silver prices outlook for July 2011
- Oil prices Monthly outlook – July 2011
- Natural gas prices outlook for July 2011
Have a great weekend!!