i see eurusd and gbpusd big bulls for the moment Anticipated rise in rates being the reason.As Boe third member joins the bull camp to raise rates according to BOE member sentance Has raised hopes for BOE to raise rates in may.If that ultimately happens as expected it wont be the only rates rise that BOE will do so as always expectations is always greater than the thing itself i expect Gu to reach 1.70 handle atleast and if BOE actually start to raise we will reach near 2.00 figure if raising rates does not reduce GDP .Same is the case with ECB one of dove members raises market expectations with rate rising comments which may be seen as shifting bias in ECB as well Trichet recent rhetoric of Inflation fits in picture of rates rise soon. So i believe euro and sterling are raging bulls .Euros up movement will be slower than the sterling becoz of few weak european economies.euro is expected to have hickups to reach 1.50 figure .This all scenario should play out in 2011 till half of 2012. That should be time for fed to raise rates and then gold should start to fall and take euro and sterling down and dollar to reign for a year.MIND IT these possible scenarios have a lot of uncertain parts and any weak GDP will halt the rates rise cycles or central banks may decide to wait more or greece may default etc. any of the above will twist the picture as i see. This is one of scenarios that may play out ..
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