Gold Feast

Gold is going high and high & again ready for a good up-move. Specially in India around "Deepawali (Diwali)" festival people used to buy lot of gold on "Dhanteras", "Navratri" & "Durga Pooja", so demand is huge. We might see gold around 1465 in next 3-4 weeks. Idea is to go long and take profit around 1450+ levels. Refer enclosed weekly chart.





HOME

Yen Dilemma

Japanese Yen presently trading at crucial levels around 81.20 which is very much near to the 15 years low of 80.43 (April 1995). Break below this level certainly not healthy for Japan. It is heard in the market that there is constant intervention in the market by the BOJ to check the strength of Yen. Kindly refer the enclosed chart.



HOME

Cable desperate to move higher

Cable (GBP) again resisting at 1.60 but it is very much desperate to move higher. If you look at the enclosed chart there is good resistance at 1.60 however if it succeeds in breaching that level, then it will quickly test 1.6320. So buy cable, for a profit target of 1.63+ levels, after the breakout.


Reference Link: Pound feeling little shy


HOME

Euro Take Profit

As suggested on 7th October took profit on Euro long positions at 1.4116 (long positions build around 1.3830-1.3900).

Reference Link: Euro will test its next resistance


HOME

Inflation

Inflation is a rise in the general price level of goods and services in an economy over a period of time.

With increased price level purchasing power goes down and ultimately buyer will be able to purchase fewer goods with the same unit of currency.


Go to: Index


HOME