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.

Thursday, December 29, 2011

I guess there could be many reasons for the sudden moves(29-Dec-2011)

I guess there could be many reasons for the sudden moves, could be due to low volumes,profit taking, someone with deep pockets manipulating, insiders who know something we dont etc. But personally I believe its the low liquidity in the markets that cause the markets to do some strange things,with the news of the Italian bonds and Iran threatening to close the strait, both EU and Oil pairs should have climbed and yet... 
Best just wait and see until the second week of January when things should have returned to normal.


No comments:

Post a Comment

Feel free to comment.