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QE3 Announcement Unlikely At Jackson Hole
There has been little directional impetus in FX markets ahead of Fed Chairman Bernanke’s appearance at Jackson Hole, with most investors unwilling to buy the highs or sell at the lows before knowing exactly what is going to emerge from his speech. Looking at recent gold price action (which has seen the precious metal plunge more than 9.5% from Tuesday’s all time highs), we would infer there is a... ...More...
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