Forex Crunches for the Weekend

A very volatile week passed in Athens, Brussels and Berlin. Work on a deal for Greece will continue into the weekend, but the markets are closed. It’s time to sit back and enjoy some long term forex-related article for the weekend. Here are my picks. Enjoy!

Mario Draghi was a star once again. The moderator of the press conference already thanked the reporters, when Draghi had a “one more thing” moment, in which he gave a general outline about how Greece can receive aid from the ECB. This theme will remain with us for a long time.

• Lior Cohen analyzes the potential of silver prices in 2012.
• Adam Button of Forex Live provides a technical case for going short on GBP/USD.
• Mish looks at petroleum usage and drop in global shipping and provides worrying outlook for the global economy. Also China reported less activity.
• Kathy Lien explains why the Bank of England had reasons to ease, while the ECB had little.
• Larry Greenberg discusses the US Jobs Deficit by looking into history. The picture isn’t pretty.
• Felix Shipkevich  sees forex gradually deepening its presence in the US financial markets.
• Michael Greenberg reports that Metaquotes integrates Metatrader 5 and CitiFX Pro’s liquidity. This is moving forward.
• Francesc Riverola reports that Currensee was penalized with a funny $10K fine. Francesc notes, and I certainly agree that Currensee didn’t do anything wrong.

Here are some long articles published this week on Forex Crunch. We’ll start with something I’m proud of, related to FXStreet:

• Forex Crunch Nominated for FXStreet Forex Best Awards for Fundamental Analysis – Voting begins on February 20th.
• Dollar Stronger Under Obama – So far, performance outshines George W. Bush.
• Anti austerity factors gaining traction in Greece – This could change the picture.
• QE3 in March has Little Chance – Interview with DailyFX’s John Kicklighter about various fundamental issues.
• Forex Trading: Walk Before You Run – Take it one step at a time.
• Growing Divide Between Stability of US and European Banks – These are the Too Big To Fail banks we’re talking about.

That’s it. Have a great weekend!