Raising the debt ceiling, or downgrade?
Or, austerity measures, cutting budgets, increase tax?
If cutting budgets, and increase tax, then Gold might need to face the imminent, or "reckless" fall.
提高债限，抑或面对违约危机？下调信贷评级？
如果最终的美国预算协议包括大幅削减开支和增税,或两者皆有,则黄金价格可能骤然下挫.
GBP/USD
Resistance 1.6440, forecast the market to continue going up towards this resistance, , unless market break above 1.6468, I will be hunting for short.
Once 1.6468 has been taken out, expect GBP/USD to go further up to 1.6550 (May-31 high).
EUR/USD
It has broken away from the trendline, and I am bullish on EUR/USD.
Although fundamentally I do not agree with the bullishness in EUR/USD, especially on the recent debt issues... but I have to say from the technical chart, the bullish strength will last until next target 1.4550, ultimate target 1.4900.
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