What a Week ? Two announcement for US people,Iphone5 and QE3 ,but both with out WOW factor.
Yes,after weeks and weeks of promise ,Fed Chairman finally given QE3.The policy, known as QE3, buying $40 billion in mortgage-backed securities each month.End of Purchase program is not supplied in statement,but we strongly believe ,FED don't want to give a NUMBER for this QE3 like few billion.In press conference also FED Chairman tried to keep it for a infinite time,He mentioned atleast till unemployment rate come to a better level. What Level its in his mind only
We are advising our clients to book profit in this bull move today and tomorrow ,come back next month.We are closely watching EURO which is moving to 1.30 levels a long term resistance.
Yes,after weeks and weeks of promise ,Fed Chairman finally given QE3.The policy, known as QE3, buying $40 billion in mortgage-backed securities each month.End of Purchase program is not supplied in statement,but we strongly believe ,FED don't want to give a NUMBER for this QE3 like few billion.In press conference also FED Chairman tried to keep it for a infinite time,He mentioned atleast till unemployment rate come to a better level. What Level its in his mind only
We are advising our clients to book profit in this bull move today and tomorrow ,come back next month.We are closely watching EURO which is moving to 1.30 levels a long term resistance.
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