This was one of the busiest weeks: we had a rate hike in Europe followed by a dramatic press conference, and the Non-Farm Payrolls provided a powerful close to the week. The markets are now closed, and it’s time to sit back and enjoy some long term forex related articles. Here are my picks for this weekend. Enjoy!
The whole world is slowing down. This is seen from China and Japan to all of Europe and the US. If the slowdown turns into a full blown recession, the dollar will gain. Otherwise, it depends on the trends in every place.
- Kathy Lien observes rate expectations for the rest of 2011, and sees only one central bank raising the rates. Yes, the one that hiked this week.
- Mike Kulej states that the reserve status of the US dollar is in doubt.
- Lior Cohen provides a long term outlook for oil prices.
- Larry Greenberg analyzes changes in production between the euro-zone the USA, and sees a shift.
- Francesc Riverola announces the publication of a great and free eBook, containing great tips for traders.
- Michael Greenberg examines the available options for US traders if they want to trade gold and silver.
- Jay Norris provides a great article, that explains why there are no rules, only edges.
- Andriy Moraru has a very interesting poll asking if your forex broker is regulated.
Here are some recommended long term reads in Forex Crunch this week:
- 3 Indicators Can Be Too Much – Are your charts messy?
- The ECB’s big gamble – The long term implications of the rate hikes may not turn out to be so positive.
- Greek Selective Default Already Accounted For – Interview on fundamental issues with DailyFX expert John Kicklighter.