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    8-28-2012 George Dowd: Key Currency Levels in a Quiet Week


    by mrtopstep

    George Dowd from Newedge USA, LLC discusses the levels to watch in what could be a quiet few days ahead. The EURUSD is still in a countertrend bounce from the 1.2042 lows which could extend to the 1.2475-1.2500 level. USDJPY still trades heavy but is close to recent lows below 78.00 which have been difficult to get through. Keep an eye on tomorrow's Beige Book and Chairman Bernanke's comments on Friday from Jackson Hole.

    EURUSD, Euro, USDJPY, Yen, Bernanke, George Dowd, Newedge, Labor Day, FOMC, MrTopStep

    **Filmed on the trading floor at the CME Group. Produced by MrTopStep Productions.Distributed by