EUR/USD: Trading the U.S. ISM Manufacturing Report
Manufacturing in the world’s largest economy is expected to contract in August, and the development could heighten speculation further easing as the Fed aims to balance the risks for the region.
USD Steady Amid Major Event Risk, Euro Correction To Accelerate
The greenback held a narrow range on Wednesday and the reserve currency may continue to consolidate in the days ahead as the economic docket is expected to reinforce a weakened outlook for future growth.
Guest Commentary: Gold & Silver Prices - Daily Outlook 08.31.2011
Gold and silver finished yesterday with sharp rises: Gold rose on Tuesday by 2.13% to $1,829; silver also inclined by 2.13% to $41.46. During August, gold increased by 12.2%, and silver by 3.4%.
Swiss Franc Bid Higher as Economic Minister Discredits SNB
Surprisingly, considering recent price action, the Swiss Franc was the strongest performing currency by a wide margin on Wednesday.
Forex: Canadian Dollar Weakness Ahead, US Dollar Remains At Risk
The Canadian dollar pared the overnight advance as the 2Q GDP report came in much weaker than expected, and the loonie may depreciate further as data dampens the outlook for future growth.
