Thursday, August 26, 2010

EURUSD break? Indication of increased odds for QE or merely positioning ?

 Today the focus should be on Gold & EURUSD - to my eyes the EURO has
broken up on daily chart - still needing to close above the trend on
close - but more importantly is this indicating change to sentiment?

US Dollar weaker would be based on higher odds on QE or lowering the
rates on Fed deposits as per Alan Blindes editorial this morning:
http://tinyurl.com/3xtuacz

Long day ahead...but watch EURUSD for lead today on RISK.

--
Steen Jakobsen
Limus Capital Partners
Ny Østergade 3, 3. floor
1101 Copenhagen K
Denmark
+4541817167 (cell)
+4536923442 (office)

No comments:

Post a Comment