After last week's ECB's chairman Mario Draghi shows firm stand for EURO and gave his strongest statement ever since than Euro didn't breath and so do rest of market DOW perform best 3 days in 2012 .
Coming week we are going to have three important economic activity " ECB interest rate,FOMC and Non farm payroll "Three of are very important as Euro crisis is going on and affecting badly to world economy so do US .
Big question here is Mr.Bernanke will act? as US economy is slowing down ,jobless rate is stubborn and earnings are too discouraging or he will sing same song ? Analyst are expecting that Mr. Bernanke will announce bond buying program on 1st of August and probably this is last chance this year since election is in November and bad economy is affecting Mr.Obama's reelection.
Last week on my blog I was expecting big movement on GOLD and it did happen and certain limit but
important thing is GOLD has technically broken very crucial level first target we should expect 1680 and next will bet 1750 soon.
Coming week we are going to have three important economic activity " ECB interest rate,FOMC and Non farm payroll "Three of are very important as Euro crisis is going on and affecting badly to world economy so do US .
Big question here is Mr.Bernanke will act? as US economy is slowing down ,jobless rate is stubborn and earnings are too discouraging or he will sing same song ? Analyst are expecting that Mr. Bernanke will announce bond buying program on 1st of August and probably this is last chance this year since election is in November and bad economy is affecting Mr.Obama's reelection.
Last week on my blog I was expecting big movement on GOLD and it did happen and certain limit but
important thing is GOLD has technically broken very crucial level first target we should expect 1680 and next will bet 1750 soon.
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