JPY vs INR tips

Forex Trading Strategy : EURUSD, USDJPY, USDINR, GBPINR & JPYINR

forex-target

As I said in my last update all targets are kissed…
To read my full update click here.. And just try to remember what I said??
I updated about 3 Forex Currency pairs EURUSD, GBPUSD, AUDUSD
In GBPUSD I said “Sell with no fear with the targets 1.6100 – 1.6075
And about AUDUSD “Break of support (0.9411) and we must see bloodbath to 0.9393 and more.
On AUDUSD our paid subscribers booked full profit on 0.9292.
And EURUSD My subscribers knows everything about it, there’s no need to clarifications..

 

Trading Strategy  for Monday market?

EURO vs. US DOLLAR
It seems bullish trend should end with resistance 1.3575 then,

we are able to see some free fall to 1.3520 – 1.3506 – 1.3485 – +.

But brake of resistance and we must see shortly 1.3581 to 1.3613 levels.

 

forex-usdjpy
Resistance 101.59 cross of these level and we see some more bullish trend to 101.96 – 102.48 – 103.00.But,

what happens if move backwards after the resistance and levels are for our paid members only by SMS with exact time & level.

EURJPY & AUDUSD we’ll update later for paid subscribers only by sms & on yahoo messenger

usdinr(future)
Last close @ 62.95, looking forward here in Rupee against the Dollar after the RBI’s obstruction on Friday’s trading session helps the INR to close on strong. Cross the hurdle and we see 63.19 – 63.45 for short term and 63.55 – 64.50 and more but keep your eyes on hurdle

what will happened if unable to break the hurdle?

Well, I’m not going to tell you everything here.. more update’s about USDINR for my paid clients only.

GBPINR and JPYINR Only Forex service paid member know thought use of your username & password

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moneymunch-pound-dollar

Forex Update: EURUSD, GBPUSD, AUDUSD

Indian currency updates for our Members only by SMS

moneymunch-pound-dollar
Couple of up trading sessions today it looks weak.
Sell with no fear with the targets 1.6100 – 1.6075.
Stoploss for paid members only

AUDUSD
It should continue to rally 0.9444 – 0.9469 with support 0.9411.
Brake of support and we must see bloodbath to 0.9393 and more.

Gif

EURUSD kiss all my targets
Don’t you remember what I said in my last update?? Click here to read,
I said to “EURUSD hurdle is 1.3405 and if cross my hurdle then we look at 1.3547
Now what for now?
Today just watch it should continue rally to 1.3560 or 1.3581
What will happen if breaks the support?
If you have any questions or concerns, don’t hesitate to let us know.For more information contact: +91 9033862706 OR E-Mail Us ([email protected]).

You want FREE Forex trading tips in your inbox before markets opening bell?
Just visit: Free Forex tips to Get costless Currency tips, news and learn technical analysis without any cost.

Remember, paid subscribers always get more benefits and access. Go here for: Premium Forex tips

If you have any questions or concerns about Forex, don’t hesitate to let us know. For more information contact: +91 9033862706 OR E-Mail on [email protected]

Asian stocks hunker down as US financial obligation deadline looms

Moving-picture-calls-mean-sales-gif-animation Asian stocks marked occasion on Wednesday with anxious traders praying that frantic talks in Washington to avoid a US obligations standard could contribute to a deal before the October 17 deadline, after which the government would run out of ways to borrow.

US Senate aides said an agreement to lift the government’s $16.7 trillion credit restrict was near but information still needed to be worked out, leaving markets clinging to desires that an statement will be made later on Wednesday.

MSCI’s largest index of Asia-Pacific shares outside Japan slipped 0.1 per cent, having drifted in and out of positive territory. It was still not far off a five-month peak set on Tuesday. Tokyo’s Nikkei was flat.

Financial bookmakers expect a similarly cautious start for European stocks with London’s FTSE and France’s CAC seen steady. Germany’s DAX was expected to open 33 to 51 points higher, or as much as 0.6 per cent.

“Today is definitely not the day to be conducting any serious business as traders across the globe will be hypnotised by their TVs/terminals and anxiously waiting for something to hit the news wires,” Jonathan Sudaria, a trader at Capital Spreads in London, wrote in a client note.

That helped the dollar index, which tracks the greenback’s performance against a basket of currencies, hold its ground at 80.536, not far off a one-month high of 80.703 set on Tuesday.

Resilient

If Washington doesn’t reach a deal by October 17, the government will by law no longer be able to add to the national debt, and will have to rely on incoming revenue and about $30 billion in cash to pay the nation’s many obligations.

That money is expected to run out quickly and Washington would start missing payments in the weeks ahead. A global financial crisis could follow if investors decide that US debt, used as collateral for trillions of dollars in financial deals, no longer provided adequate security.

Fitch Ratings warned on Tuesday that it could cut the United States’ prized AAA credit rating.

With a large interest payment due on October 31, and $58 billion in other obligations coming due the following day, many analysts have circled Oct 31 as a possible date for default if Congress has still failed to reach an agreement.

But Elliot Clarke, an economist at Westpac Bank in Sydney, said the key date to watch out for is November 15 when $30 billion of interest payments are due.

“Moody’s and S&P have ruled that a default will only occur if interest payments are missed. Consequently 15 November becomes the critical date,” he said.

“How the market will respond to such a scenario is unknown as we have never really experienced such an event.”

That is one reason why markets have so far been surprisingly resilient as investors have found it hard to price in a US default, traders said.

us-unemployment

Market overview: US unemployment claims below forecasts

us-unemployment   The monthly unemployment report is likely to be a victim of the US government shutdown

  1330: Initial weekly US unemployment claims rose by 1,000 to 308,000 in the week ended on September 21st, versus the 315,000 expected by economists.

  1320: Vodafone’s CFO will step down from his role of nine years once the sale of its stake in Verizon Wireless completes. The stake, which is being sold for 80bn pounds, is expected to be sold by March 2014. The FTSE has risen 24 points to 6,461.50.

 1242: Overnight the Chicago Mercantile Exchange (CME) hiked its margin requirements for operators in the Dow Jones, SP 500 and Nasdaq E-Mini futures contracts by nine per cent. According to Zerohedge that may be a result of President Obama’s remarks to the effect that Wall Street has not yet recognised the seriousness of the current impasse on Capitol Hill.

1120: A little more colour on Aviva, in remarks to Sharecast Ronni Chopra – Head of Strategy at Tradenext – pointed out that in the medium-term the stock might still be a potential take-over target. FTSE 100 up 17 to 6,454.

Read more

gold-investors

Currency Strength and Central Bank and Gold?

gold-investorsThe crucial story for gold investors is not the pure inflation rate of the dollar, but something much deeper. When you focus on gold, you should sharpen the focus of your lens on the dollar system. As history confirms, gold can both increase and decrease under inflationary circumstances. It is also the case when considering the opposite scenario, which is deflation. It all depends on how well the dollar system is performing (how well is both dollar as a currency and dollar understood as dollar denominated assets; bonds, stocks, derivatives, credits etc.).

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The easiest way to look at the dollar is to compare it as a currency against all the other currencies. This, in fact, was the best way to assess the dollar from 2002-3, when it started to lose its value against other currencies and gold began its long and spectacular upward climb. This took place while a bubble formed in dollar denominated assets, especially real estate.

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In 2008 there was a radical shift. Shortage of liquidity in the financial markets lead to massive selloffs of assets in all markets, with emerging markets being hit the most. That’s when the dollar got a gust of air in its sails, and increased significantly in value. Under current circumstances, the dollar – as a currency – does not appear to look that bad. Even when compared to other strong currencies the dollar looks firm. The central bankers who print the British pound and the Japanese yen seem to be devaluation devotees and the euro is still recoiling from the turmoil of numerous internal problems.

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Therefore, when looking purely at the currency markets, the dollar does not appear as endangered as it may seem. However, as we hinted at the beginning, this is not the whole story. We have to assess not only the dollar against other currencies, but the entire dollar system, that is dollar denominated assets. The dollar may be a better investment than the British pound, but the big question is whether gold may be an even better investment than the dollar even when it outperforms the pound.

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So how is the dollar system performing internally? One of many possible things to focus on is the interventionist policy of the government, especially the central bank. This can tell us how firmly the economy stands.

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In the recent years we witnessed tremendous expansion in the Fed’s activity. Since it all comes down to money creation (supplied for financial papers and bonds), this influence is rather negative for the whole dollar system. This means that from the economic point of view, the outlook for gold is quite favorable for the coming years.

USD INR

U.S. Dollar-Indian Rupee, It will go UP or Down?

USD INR

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If you have any questions or concerns about Forex, don’t hesitate to let us know. For more information contact: +91 9033862706 OR E-Mail on [email protected]