More Dollar Specifics
Friday, October 8th, 2010 Market Analysis by Gerald GreeneDollar Set For Sharp Decline
On Wednesday Goldman Sachs forecast that the dollar will decline during the next 6 months. Well, for us that is old news. But what is interesting about this new announcement is in the specifics.
they are suggesting that the Gbp/Usd will reach 1.7900 and that the Eur/Usd will reach 1.5000
This is good news for the users of our new Skky Auto Trader because these big moves will most likely be best suited for the algorithm that it utilizes. Everybody loves a trending market and a quick look at the Eur/Usd Day chart tells it all. Can it possibly last another 6 months? It looks like Goldman Sachs is banking on it.
See full article Here.