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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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I have already referred to the relation between the expansion of U.S. Monetary base and the development of gold price. As the U.S. Monetary base expands, the price of gold tends to rise as well. Can we use this relation to learn more on the future development of gold?

The following chart presents the development of gold and U.S. Monetary Base during 2011. According to the chart, U.S. Monetary base expanded mainly during the first half of the year due to the Fed's second Quantitative Easing Plan.

For the complete analysis on gold prices and U.S. Monetary base on Trading NRG

The relation between lagged U.S. Monetary base change and change in gold is positive. From March 2009 to December 2011 the ...

Gold and silver started off the second week of February with little changes. The financial community is waiting in anticipation for the results of the Greek negotiations; these negotiations might affect the direction of the Euro and consequently may also influence precious metals. But up to now, the negotiations didn't influence the forex markets. Today, Chairman Bernanke will testify in the Senate and the German Industrial Production report will come out.
Read here more on gold and silver daily outlook for February 7th.

Gold declined by 0.88% to reach $1,724.9; silver remained unchanged at $33.75. The ratio between gold and silver slightly fell on Monday, February 6th and reached 51.11. During February the ratio ...

Gold and silver finished the week on a negative note despite their sharp gains of recent weeks. Currently gold and silver are declining. Today, the Swiss National Bank Forex Reserves will be published. Other financial reports that will come out today include: German Factory orders report; RBA Rate Statement.

Read here more on gold and silver daily outlook for February 6th.

Gold changed direction and declined on Friday by 1.08% to $1,740.3; silver also decreased by 1.25% to $33.75. During February, gold declined by only 0.01% while silver added 1.46% to its value.

The ratio between gold and silver slightly rose on Friday, February 3rd and reached 51.57. During February the ratio fell by 1.45% ...