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.

Tuesday, September 20, 2011

Market Headlines


  • ECB providing unlimited liquidity in euros at fixed rates of interest
  • Central bank agreements show close cooperation between Fed and ECB
  • Greece must strictly enforce austerity plan and meet all objectives
  • All govts must apply measures adopted in July 21 meeting in Brussels
  • Spain must resolutely apply new structural reforms to achieve highest growth possible
  • Situation in Spain has got considerably better but must remain alert
  • Must not confuse euro zone financial stability with need to adjust fiscal policy
  • ECB will continue to keep price expectations firmly anchored 

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