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During last week, the prices of precious metals rallied mainly on the last day of the week following Ben Bernanke's speech that rekindled the expectations of another QE program in the near future. I still think it's too early to jump to the conclusion that the FOMC will launch QE3 in the near future. During last week, the Euro also traded up against the USD. Further, other commodities prices such as crude oil also increased. Will gold silver and Euro continue to trade up during this short week (it's a American holiday on September 3rd)? There are several important reports, speeches and decisions to be made that may affect the financial markets such as: Mario Draghi's speech, U.S manufacturing PMI, MPC rate decision and purchase program, GB ...

The Euro/JPY rose during last week and thus continued its upward trend of the past couple of weeks. Yesterday the Japanese trade balance report came out and showed an increase of 7.8% in the trade balance deficit to reach a high level of ¥612 billion (roughly $7.7 billion; this news may help trade up the Euro/JPY. Earlier today (Tuesday), The EU ministers of finance approved €130 billion bailout for Greece. The Euro ended up yesterday rising as many had anticipated the approval of this bailout package.

The Euro/JPY rose by 0.85% on Friday to 104.53; during February, the EUROS/USD increased by 4.8%.
The chart below presents the development of the Euro to Yen during 2012 (UTD). It shows the upward trend this exchange ...

The Euro sharply appreciated yesterday against the USD following the recent news from Greece and the testimony of Bernanke regarding the perils the U.S economy is facing in the near future. Will the Euro/USD continue to trade up today?

For the complete analysis on Euro/USD see here.
The Euro to US Dollar changed direction and sharply rose yesterday by 0.99% to reach 1.3260; during February, the EUROS/USD rose by 1.35%. The Australian Dollar and GBP also appreciated against the USD, while the Yen slightly depreciated against the USD.
The chart below presents the development of the Euro to US Dollar during January and February.

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The second week of high volatility in the financial markets has ended, and the upcoming week may continue this trend. There are many news items on the agenda for the upcoming week including, among others, the Bernanke speech, US mortgage delinquency rate, US GDP Q2 2011, Euro manufacturing PMI, and U.S. news home sales. Here is an overview for the week of August 22nd to August 26th:
(all times GMT):
1. Monday 22nd of August 15:00– US Mortgage delinquency rate Q2 2011: This quarterly report shows the rate of deliquesce on mortgage payments; this rate includes at least one payment past due on mortgage payments but does not include loans in the process of foreclosure. During the first quarter, the seasonally adjusted deliquesce ...