Euro bears are fueled with negative headlines in the debt-laden old continent. In the weekly interview on Forex TV, I spoke with Julie Sinha about the problems in Europe, the slightly improving conditions in the US and about technical levels to watch out for in EUR/USD, GBP/USD and USD/JPY. Enjoy!
This is a busy week for the volatile pound – inflation and employment numbers as well as the meeting minutes will all rock the pound, which is looking for a direction. On one hand, inflation is on the rise, triggering calls for a rate hike, but on the other hand, the situation in Britain isn’t good, especially with the austerity measures. Will the pound chose a direction now?
Also note that Dollar/Yen is off the bottom – it broke above an important resistance level – 82.87. In the interview, this pair is discussed as well.
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