DislikedGoldman blamed for dollar fall, gold raise
Written by Jamie Coleman
September 14, 2010 at 14:30 GMT
Traders note talk that Goldman says the Fed will buy more assets (QE) is helping fuel the dollar selling.
EUR/USD is shooting higher, up to 1.2955. USD/JPY is below 83.00 and USD/CHF is eying 0.9960 support, now at 0.9972.
Watch 1.2960, the 50% retracement of the 1.3334/1.2588 decline.
Apparently Goldman says the Fed will be forced to buy assets by November…
forexlive.comIgnored
...if nobody will buy more gold at his highest actual level how can goldman or his big capital friends sold their gold?
... the same old song!