Financial Weekly Horoscope for Week 25th July 2011

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Weekly Financial Forecast For Week Starting 25th July 2011

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

Monday 25th July: Moon will be in Taurus
Tuesday 26th July: Moon will be in Taurus
Wednesday 27th July: Moon will be in Gemini
Thursday 28st July: Moon will be in Gemini
Friday 29th July: Moon will be in Cancer

Mercury has moved on to Leo and Sun and Venus are still in Cancer

The Dollar is falling while Euro stabled with a solution for Greek crisis announcement. Dow is rallying on the backdrop of good payrolls data. FTSE continues to be rangebound

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: Sell On Rise is a preferred strategy until the bottom of 5500-5550 is not retested May test 6050 levels once before falling

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 1.63 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

Comments: Financial Weekly Horoscope for Week 25th July 2011

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