During last week, some commodities prices –crude oil - and forex rates –Euro/USD – resumed their rally. On the other hand, gold and silver prices remained nearly unchanged, while natural gas and Aussie dollar declined. The news of the contraction of the EU GDP for Q2 2012 by 0.2% didn't hold back the Euro/USD from rising during last week. The U.S financial reports that came out last week – Philly Fed Index, U.S housing starts – didn't show much progress. Will this unclear trend continue during the upcoming week?  There are several important speeches and reports that may affect the financial markets including: Japan's trade balance, GB GDP for Q2 2012, U.S core durable goods, minutes of FOMC monetary policy, U.S new and existing home sales, Canada retail sales, Euro Zone and China's flash manufacturing PMI, RBA'S President speech and U.S. jobless claims. Here is an economic news calendar forecast for August 20^th to August 24^th regarding the U.S., China, Australia, EU, Japan, GB and Canada.   

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