Forex Market News

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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Friday, August 26, 2011

Market Headlines

The British Pound continued to lose ground on Thursday and the sterling may continue to give back the advance from earlier this month as the Bank of England keeps the door open to expand monetary policy further.


In turn, there could be a growing shift within the MPC, and Governor Mervyn King may talk up speculation for additional monetary easing as policy makers continue to see a risk of undershooting the 2 percent inflation target"

By
M.Zohaib Gadit

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