Delaying the inevitable

In much the same way that markets awaited the first week of September to see the market spring back into life and into the second week for the announcements and measures that would set the tone for Q4 we now await the next peak or trough on the rollercoaster.

Last weeks’ information has been digested and markets looked on Germany, The ECB and The Fed as positive for risk but not so positively that they feel we should shoot for the moon and stars.

The Euro has been on a huge rally that has taken it 1100 points higher from the low seen in July. A correction of 50% of that rally would be a popular technical view and the pullback from the high has to some extent already started that move.

Read More: http://www.sarrafx.com/en/view-blog-article/45/Delaying-the-Inevitable