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

The initial USD gains were made on the back of widespread risk aversion during the US session, led predominantly by the stock market turning lower – and exacerbated by the news that France, Spain, Italy and Belgium would extend short-selling bans on banking stocks until the end of next month.

By
M.Zohaib Gadit

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