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During the week the Euro continued to tumble down while major commodities rates such as oil and natural gas resumed their rally. Will this trend continue this upcoming week? ECB President says there is no need to worry about the depreciation of the Euro. For now this sentiment doesn't seem to coincide with many Euro traders. There are several important publications and reports that may affect the financial markets this week including: U.S GDP for Q2 2012, pending and new home sales, Euro monetary supply , Bernanke's speech, Governor Stevens speaks, U.S core durable goods and U.S. jobless claims.
The complete Weekly Outlook Update on Trading NRG

(All times GMT):
Monday, July 23rd
00:00 – FOMC member ...

Precious metals resumed their slow descent during the week after they had rallied in the previous week. Despite the hopes of many that Bernanke will hint of stimulus plan in the near future, he didn't comply and in his testimonies at the Hill he didn't offer any information about the future steps of the FOMC. During the week there were several U.S reports that presented a mixed signal as to the economic progress of the U.S: U.S housing starts rose during June, while existing home sales declined by 5.4%; Philly Fed index remained negative but slightly rose, while retail sales edged down.

The complete gold and silver weekly recap analysis

Gold and silver changed direction and rose on Thursday after they had declined for three consecutive days. The U.S reports that came out yesterday and showed a mixed signal: the U.S rate of existing home sales declined by 5.4%; US jobless claims also changed direction and rose to 386k; the Philly Fed index slightly rose but was still negative. On today's agenda: Great Britain Net borrowing, and Canada's Core CPI.
For the complete outlook of gold and silver for July 20th
Gold rose on Thursday by 0.61% to $1,580.4; Silver also increased by 0.45% to $27.2. During July, gold declined by 1.48% and silver by 1.43%.
St. Deviation of Bullion
Due to the modest changes in the bullion markets during the month, the volatility ...

Bullion edged down again for the second consecutive day. The recent testimony of Bernanke didn't offer any hints of the future steps of the FOMC. Bernanke voiced his concerns for the slow decline in rate of unemployment and slow progress in the housing market. He remained vague as to the actions the FOMC would consider to jump-start the U.S economy. The inflation report came out yesterday: the core CPI edged up again by 0.2% during June. If this vote will pass it may ease some of the uncertainty around the Spanish banks debt crisis. On today's agenda: Minutes of MPC Meeting, U.S. Housing Starts & building permits, Bank of Canada's Monetary Policy, and Bernanke's Testimony in the House of Representatives.
For the complete outlook ...