Financial Weekly Horoscope for Week 18th July 2011

Weekly Financial Forecast For Week Starting 18th July 2011

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

Monday 18th July: Moon will be in Aquarius
Tuesday 19th July: Moon will be in Aquarius
Wednesday 20th July: Moon will be in Pisces
Thursday 21st July: Moon will be in Pisces
Friday 22nd July: Moon will be in Aries
Sun has joined Mercury in Cancer while Venus is still in Gemini; Jupiter in Aries is aspecting both Sun and Mercury.

With the effects of Full Moon dwindling, the volatility will be lower; just to cite an example, the Euro fell as the PIIGS crisis yet again surfaced closer to full moon day and likewise for US Fed; there were contradictory statements within 48 hours and whilst in Dollar terms, Gold rallied unexpectedly, with the falling dollar, the yield was hardly anything against gold prices.

Forecast for Dow: The Dow for sometime is expected to be range bound in the 11600 to 12700 zone; it will make multiple tops and bottoms but the preferred strategy continues to be Sell On Rise, until the 11600 zone is not retested;

Forecast for FTSE: FTSE rallied unexpectedly above 6100 levels but came below 5950 as expected; Sell On Rise is a preferred strategy until the bottom of 5500-5550 is not retested

Forecast for Nifty: For Nifty, the range will continue to be 5408 and 5690 [with an outside chance of 5740 once]

Forecast for Euro-USD: Expect range bound movements between 1.38 and 1.44 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 1580; 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