Forex Market News
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GBP/USD short term bottom seems 5478-5383 and top 6210-42.
EUR/USD short term bottom seems 2580-2618 and top 3510.
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.
Gold has taken correction according to our forecast for it to go 1850 by August end.
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Wednesday, August 24, 2011
Market talk
Expectations are quite high from Bernanke’s speech at Jackson Hole, and this may end in a disappointment.What will happen in currency markets if we enter a recession, what is expecting us with central bank movements and more, in an interview.
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