Last Friday during his speech in Jackson Hole Ben Bernanke rated the US economic prospects as positive. As a result, the markets rallied at the end of the trading day, gaining 1.2-2.5%.
Today, during the Asian trading session, the Asian markets opened with a slight increase. Nikkei gained 0.05%, Hang Seng - 1.06%, KOSPI - 0.49%. Only SSE Composite (Shanghai) lost 1.19%.
FOREX.
According to the SRP Sub-department under the Department of Masterforex-V trading system , on Friday EURUSD formed a complex wave – wave B H1 – and reached 1.4474 - the minimal target of wave C. If there are no signs of finishing the upswing, 1.4565 will be the next target.
To define the vector of the forthcoming movement we apply the SRP elements and other binary patterns by MF.
