Financial Weekly Horoscope for Week 4th July 2011

Weekly Financial Forecast For Week Starting 4th July 2011

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

Monday 4th July: Moon will be in Cancer and transit to Leo
Tuesday 5th July: Moon will be in Leo
Wednesday 6th July: Moon will be in Leo
Thursday 7th July: Moon will be in Virgo
Friday 8th July: Moon will be in Virgo

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

The range bound sessions continued but some of the upsides came unexpectedly after the Greece bailout was announced. The crucial turning point date is 5th July and then the next turning point dates are 15th July 2011 and 23rd July 2011. Next week, the banking segment in all major indices may show weakness and shorts via futures can be profitable

Forecast for Dow: Some profit booking is expected and a visit to 11600 levels is due. 'Sell on Rise' is the preferred strategy for Dow this week also. The turning point will be a close below 12350 which is expected to happen next week

Forecast for FTSE: FTSE will remain range bound and the upside seems capped at 5975 as of now (The rise to 5950 actually surprised a lot of analysts). 'Sell on Rise' is the preferred strategy

Forecast for Nifty: Nifty will continue to mirror the movements in Dow during the morning and FTSE in the afternoon. Expected range is 5408 to 5690

Forecast for Euro-USD: Expect range bound movements between 1.39 and 1.4575 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