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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Thursday, August 25, 2011
More innovative measures
The Fed Chairman may announce “more innovative measures” to boost the U.S. economy than simply announcing further purchases of government debt.
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