Finally, the FXstreet.com team has completed its 'Engines of the Global Recovery's studies with the help of worldwide experts. Nik Kalsi, Phil Carr, James Chen, Valeria Bednarik and Mauricio Carrillo have prepared this topic-by-topic content to show you what is going on and what to expect for the coming months. This is the whole potion:
Players expect the dust to settle down on politics with Spain requesting bailout in October and the United States giving four more years to Barack Obama
This fall will see an historical change in China: most of the top government leaders are due to be replaced, for only the fifth time since the inception of the communist China. New government will likely be willing to implement new measures and start with the right foot.
With the EUR/USD current re-breakdown below the important 1.3000 psychological level, price appears potentially poised for further losses in the short-to-medium term.
Since the eruption of the financial crisis in 2008 the Fed had spent $2.3 trillion up until 2011 in two rounds of non-standard measures; in response, gold nearly doubled its price during this period.