June 02, 2009
The Us Dollar is very very weak against Swiss Franc and Euro. If any one has sufficient equity and holding capacity than it is very safe to sell Swiss Franc at $ 1.0600 or 1.0620 and Euro at 1.4300 and wait for the Market for technical correction or rebound at this level.
SELL EURO AND BRITISH POUND AND RELAX
Today ECB and Bank of England are expected to cut their Interest rates, so sell Euro and British pound and be patient and watch the Market
November 5.
Sell December Swiss Franc And Dec, Yen at US opening
November 5.
Gold
Sell Gold as dollar Gains on Victory of “Obama”
November 4.
Gold /p>
Investors are buying Gold ahead U.S Election results and a possible interest rate cut by European Central Bank and Bank of England with in two days.
November 4.
Bank of England and European Centeral Bank are going to decide to lower their interest rate in two days.Today U.S Factory order data will be released at 10.am edt.Forecast for the Factory orders are -0.7%.A lot will depend on the figure to be released at 10 am.
October 27
Buy British Pound And Euro For Day Trade.
British pound fell to $ 1.5280 and Euro $ 1.2340 in Europe. I may suggest currency investors to buy both for day trading.
October 27
Sell Japanese Yen be patient and watch the Market
After analyzing the market and having gone through all the market reports I strongly recommend to sell Japanese yen at $ 92.50 versus dollar and hold your position and relax.Do not over trade and keep 50 % of the margin free.
Bets are on for more interest rate cut by Federal Reserve and European Centeral Banks.
October 20
Despite various efforts by United States of America , Europe and other countries to bailout their leading banks to overcome financial crises,today Government of Netherland announcement to provide 10 billion Euro to Ing groep Inc, biggest Dutch financial services.
Mr bernanke is suppose to address house budget committee and expected to brief about prolong down turn.More over U.S leading economic indicator fell o.1 percent according to a forecast by a survey conducted by bloomberg panel.
So in view of the above I will go long for “Gold” and I am going to “short” U.S “Dollar”.
October 17.
Gold was up early morning in Singapore in volatile trading.It came up to $807.50. The New york low was $ 795.25.Earlier I had suggested to buy Gold befor opening of Asian Markets below $ 800 an ounce.
October 17
Buy Crude Oil,
October 20.
Market is awaiting Mr. Bernanke testemony due at 10 am. I was long in currencies and Gold, in early Asia trading.Gold really jumped to $ 810 an ounce from $798 an ounce. Before U.S opening, Markets were indicating mixed signals, so I came out from both i.e, long gold and currencies positions.
I advise brokers and investors to sit outside and wait for Mr.Bernanke testemony.He should come up open and say that crsis are over , than investors who are keen to listen these words will sell cuurency and buy dollars otherwise, market will take its own direction.
So stay cool and wait till the end of Mr.Bernanke testemony and decide afterwords what to do.
Below $ 70
October
October 17
Buy Crude Oil, Below $ 70
17.
Gold
Buy Gold Below $800
October 16.
Today we are expecting weekly unemployment claim.The present forecast is 475 K. Jobless claims are easy way to judge the strength of the Job market. Another data expected is consumer price index. The CPI less food and energy forecast is 0.2 percent.The CPI is fixed basket of goods and services purchased by consumers. Monthly changes in the CPI represents Inflation. Now we have to wait for the actual data to be released at 8.30 am. In view of the prevailing circumstances any good figure in favor of dollar can change the whole seen of the market. So stay cool until data is released and follow the market.
October 14.
After watching the markets behavior before US opening, I am of the opinion to go long for Dollar for the day.
October 14.
There are mixed signals in the market today. After European union and United Kingdom emergency help out program for their banks on last Sunday, Federal Reserve Chairman Mr. Bernanki in an article published in The Wall street Journal said that Us will inject $ 250 billion to its bank to help them to overcome existing financial crises to calm and stabilize the markets.
British pound rose up to $1.7590 from $ 1.7341, before US opening on concerns that inflation has been accelerated. The UK consumer prices rose up to 5.2 percent.
There are speculations in the market that Euro is over bought and over valued. Some analyst are forecasting Euro to fell down to 1.2200
Gold is also trading in both directions as traders and speculators are hesitant to hold their position open for over night.
So be patient and remain watchful until markets are settle down. My advise is to play safe or stay out of the Market
Oct.8 12.05 EDT.
If any one of you has short dollar positions you should square up those position now and stay out of the market, at least for today.
Oct 8.
I can advise now for the time being to sell dollar for short time and watch the market and follow the trend.
OCT.8
As I said earlier today that traders and brokers should stay out of the market after offsetting their prior Long currencies and Commodities position because of mixed signals in the market and interest rate cut rumours, same has happepened. All the leading banks have reduced their Interest rates by 1/2 percent before US opening. Still I advise traders and brokers to be cautious untill US opens.
October.8
Attention Currencies & Commodities Traders/Brokers
What ever I have forecasted on Oct.6 & 7 regarding currencies and Gold is right in front of you . If you took long Currencies and Gold positions yesterday, now is the time to off set them. There are mixed signals in the market. Markets can take new direction after US opening
>October 07, 2008
Buy Gold
Due to financial turmoil in the market there is heavy demand for “Gold” I suggest traders to play safe and buy Gold for short term.Major banks are expected to reduced their interest rates ,which is going to boost the prices for precious Metal.
Japanese Yen about to Break 100 Level
October 06, 2008
In my Opinion Yen is about to break 100 level in these uncertain condition where so far financial crises are deepening. One can always see yen heading towards 98 level.
Market Analysis
Latest Report
Attention Traders/Brokers
October 06,2008
Mr. Jean-Claude Trichet The President of European Central Bank
And
Mr. Mervyn King Governor Bank of England
Both the genteleman are under tremansous pressure to cut down the key Bench mark rate as early as possible to over come the prvailing financial crisis to help save the economy.
If you have long holding position in Euro and British pound , you will have to take decision at your earliest