On the weekly interview on Forex TV, I discussed the bearish sentiment on EUR/USD and GBP/USD as well as the jump that we might see with USD/JPY. Technical levels are also discussed here. Speaking with Julie Sinha, I also went over this week’s key events, with the best kept for last: the first release of GDP for the third quarter. Tension will mount towards this event. Enjoy!
Last week, the Euro finished lower and the Pound lost over 300 pips. This trend can continue this week as the dollar continues to recover, even after a weak start following the G-20 meetings. Also against the yen, the dollar could strengthen, but this depends more on the BOJ – USD/JPY is very close to all-time lows, and the Japanese have pledged to defend the economy, even after the G-20 accord.
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