Forex Trading Tips For EURUSD & AUDUSD

EURUSD EURUSD Spot kissed 1.3800 in last trading session. This rise should end around 1.3818,

we must see a free fall to 1.3748 – 1.3710 – 1.3680.

But, break of 1.3849 is bullish again.

AUDUSD Market should not go lower than 0.9048 – 0.9013.

After this move down, it should go up to 0.9101 – 0.9119 area.

 

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Forex Indian Currency tips for USDINR, GBPINR, EURINR & JPYINR

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JPYINR

Delhi, Madhya Pradesh, Rajasthan and Chhattisgarh state election result effects on Japanese Yen / Indian Rupee. Friday trading session we’ve seen close at 60.61 and opens 59.44 on Monday, Sudden gap 1.17 Rupee on JPYINR. It must  jump with support 59.11 to 60.00 – 60.66 and 61.27 in next trading sessions as per intraday chart. Unable to hold, support and bloodbath continue to 58.35 – 57.75 and more.

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More views on EURINR, USDINR and GBPINR subscribers can check .

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Global Currency Tips Update EURUSD, USDJPY and GBYJPY

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Did you remember what I had written on last Monday about EURUSD in my last Global currency update
Click here to read our last newsletter.
I had written “We expect here drift down to 1.3570 – 1.3556 – 1.3500 and more.
Euro vs. US Dollar kissed my 2nd target kissed at 1.3556.
Our subscribers booked full profit on 1.3540 and they know it.

 

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About GBPJPY I had told you “have to keep eyes on 168.50 level rise above it is bullish again.
It breaks the resistance and kissed high 169.13.

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What about EURCAD, CADJPY & AUDUSD and more Currency which I update for our members . Well, my all Members know very well.

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Note: I also had written about USDJPY in my last newsletter Resistance 101.59 cross of these level, and we see some more bullish trend to 101.96 – 102.48 – 103.00. My final target was kissed at 103.00 in last trading session.

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

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As I said in last update, all targets are kissed…
To read 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 subscribers booked full profit on 0.9292.
And EURUSD subscribers knows everything about it, there’s no need for 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.

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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 members only by mail with exact time & level.

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EURJPY & AUDUSD we’ll update later for subscribers only 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 happen if unable to break the hurdle?

Well, I’m not going to tell you everything here. more updates about USDINR for subscribers only.

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

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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 recognized 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 Trade next – pointed out that in the medium-term the stock might still be a potential take-over target. FTSE 100 up 17 to 6,454.

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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.).

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.

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.

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.

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.

In 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.