Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest

Commodity prices have scope to recover amid profit-taking as markets digest the latest batch of negative Greece-linked news flow.

Commodity prices have scope to recover amid profit-taking as markets digest the latest batch of negative Greece-linked news flow.

Severe austerity measures sees Spanish GDP drop for a second quarter…..

LONDON, May 17, 2012 /PRNewswire/ –The euro has suffered a serious battering this week, tumbling to a four-month low of $1.2747 against the US dollar on Wednesday, May 16, as investors study the Greek …

US Dollar May Pull Back After Prices Set New Yearly High

While a Greek exit alone from the Euro would be a manageable setback, the impact from such an exit would be catastrophic….

The incredible bear trends behind EURUSD and AUDUSD were extended for yet another day Wednesday, but momentum is starting to visibly flag.

Link:
EURUSD: Possible Bounce a Selling Opportunity
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Japan GDP (1Q) – 05.16.2012
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Only a few days have passed since the general elections, but the Greek state already feels it in its coffers: some Greek citizens are responding to the high uncertainty and deferring tax payments.

The Australian dollar has moved back above 99 US cents following the release of positive American housing data.