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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, December 29, 2011
When I want to have some laughs I always head to bloomberg
When I want to have some laughs I always head to bloomberg. They like to find a reason for every move. When they can't find something plausible they will devise something.
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