Financial Weekly Horoscope for Week 11th July 2011

Weekly Financial Forecast For Week Starting 11th July 2011

In terms of astrological placement, following major positions are expected to play out

Monday 11th July: Moon will be in Scorpio
Tuesday 12th July: Moon will be in Scorpio and transit to Sagittarius
Wednesday 13th July: Moon will be in Sagittarius
Thursday 14th July: Moon will be in Capricorn
Friday 15th July: Moon will be in Capricorn

Saturn will gain some momentum in forward direction through he will stay in Virgo for another 3 months. Mercury has moved to Cancer and Sun and Venus are together in Gemini. Mars is sandwiched between Sun in Gemini and Jupiter in Aries

15th July is Full Moon; trades will be range bound and correction will take place as we approach the Full Moon

Forecast for Dow: The Dow rallied on the bailouts and since the turning point of close below 12350 did not come through, the rally went on to 12,700 levels but fell short over there [readers may note that the high of Dow for this year was around 12,873 on 2nd May 2011] 5% correction from this week's high can be expected

Forecast for FTSE: FTSE will also witness profit booking this week and is expected to scale below 5950 levels;

Forecast for Nifty: For Nifty, Saturn's forward momentum now changes dynamics and it may not mirror FTSE for a few days; rather, it will start mirroring the Euro-Dollar and Hang Seng; The range will continue to be 5408 and 5690

Forecast for Euro-USD: Expect range bound movements between 1.38 and 1.4425 during the week; Sell on Rise recommended

Forecast for GBP-USD: Expect range bound movements between 1.58 and 1.62 during the week; Sell on Rise recommended

Forecast for USD-JPY: JPY may depreciate further vis a vis USD; Long positions closer to 79-80 can be profitable; Buy on Dips recommended

Forecast for USD-CHF: USD is expected to pull back slightly against the CHF and buy on dips is a good strategy; Buy on Dips recommended

Forecast for Gold: Gold is expected to remain range bound between 1485 and 1535; Both 'Buy on Dips' and 'Sell on Rise' strategy is recommended

Forecast for Silver: Silver is expected to fall back against a rising dollar and 'Sell on Rise' is the recommended strategy