In the weekly interview on Forex TV, I spoke with Julie Sinha about key events this week and technical level of three pairs – EUR/USD, GBP/USD and AUD/USD. This is an eventful week for the British pound in particular. Enjoy!
British inflation is above target, but the labor market is also suffering. Will we see a rate hike in Britain? The Bank of England is between a rock and a hard place. A 3.7% annual inflation rate cannot be easily answered with a rate hike, when unemployment is still high.
Regarding the Euro, it has made a recovery, but fresh talks about restructuring Greek debt – meaning investors won’t get paid, is a reminder that the debt crisis is far from being resolved.
The Aussie’s basic strength was hurt by tightening moves from China and by the Queensland floods. Will it recover?
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