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Gold and silver tumbled down again during yesterday along with other commodities prices. On today's agenda: U.S. Jobless Claims Update, Philly and Fed Manufacturing Survey.
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Commodity prices have scope to recover amid profit-taking as markets digest the latest batch of negative Greece-linked news flow.
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The safe-haven US Dollar and Japanese declined overnight and may have scope for a deeper pullback as markets digest negative Greece-linked news flow.
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While a Greek exit alone from the Euro would be a manageable setback, the impact from such an exit would be catastrophic....
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Canada’s consumer price index is widely expected to hold steady from the previous month, but a divergence from market expectations may spark increased volatility in the USDCAD as currency traders weigh the outlook for monetary policy.
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