FXstreet.com (Barcelona) - The New York opening prompted a new flow of EUR/USD buys, printing a new high at 1.2474 after being already trading in 7-week highs since 1.2443. The empowered sentiment seen at the financial markets today helped the S&P 500 printing a 4-year high, above 1422.38.
In the mind of investors might also be hopes of QE3, with the FOMC minutes ahead tomorrow and Fed’s Bernanke speech at Jackson Hole on August 31. Besides of the Fed, it’s being reported that the Chinese PBoC might extend stimulus measures in H2 2012. Gold also signals some market expectation ahead of policy easing as it printed a new high since June 6, at $1639 an ounce.
Mataf.net analysts point to resistances at 1.2480, while supports might be found at 1.2400, 1.2335 and 1.2290.
In the mind of investors might also be hopes of QE3, with the FOMC minutes ahead tomorrow and Fed’s Bernanke speech at Jackson Hole on August 31. Besides of the Fed, it’s being reported that the Chinese PBoC might extend stimulus measures in H2 2012. Gold also signals some market expectation ahead of policy easing as it printed a new high since June 6, at $1639 an ounce.
Mataf.net analysts point to resistances at 1.2480, while supports might be found at 1.2400, 1.2335 and 1.2290.
