The week ended with moderate rises for gold and silver prices despite their falls during most of the week. During the week the French and Germans came up with a plan vis-à-vis the Greek debt crisis; US existing home sales slightly dropped; on the other hand, US housing starts inclined in June; US treasuries holding by foreign countries such as China and Japan inclined in May.
Here are several recommended posts regarding the forex and commodities markets of July 23rd:
In Forexcrunch, Yohay reviews the recent agreement reached between Germany and France over the Greek bailout and the effect it may have on the financial market including the EURO/USD exchange rate; He also provides a solution for the Euro-zone in a form of quantitative easing.
Macro Man analyzes the current debt crisis in a way only he can;
Michael Greenberg provides a detailed analysis for the second quarter of 2011 of the forex market;
John Daly describes the territorial disputes in China that is one of the adverse effects of China’s growing economy;
Taras Berezowsky examines the natural gas market and asks how long natural gas prices will continue to rise;
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!!