Forex Market News

Headlines

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 Talk

There has been limited volatility overnight as Bernanke’s speech at Jackson Hole today continues to dominate investor focus. With opinions varying on what sort of revelations may emerge from his discourse, there is a distinct feeling that traders are unwilling to participate in equity and currency market moves.

By
M.Zohaib Gadit

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