EUR/USD - expect further medium term gains towards 1.4720
USD-index
Overall the market dynamics that appear to be at work now are in line with some of the longer term suspicions some had earlier this year. The developments seen at the end of last week seem to be significant and could be a taster of the major trends ahead for bonds, stocks and the USD.
It appears as though “Sell in May and go away” may indeed be an appropriate mantra for 2009, and it may not be confined to just the stock market.
EUR/USD - expect further medium term gains towards 1.4720
Linear Mode
