Monday, October 3, 2011

World Markets! Pause before the storm!!

EURUSD is not cracking and is showing positive signs. We might start seeing a rally in EURUSD and so USDINR should be a good pick for down move. Wait for confirmations but my bias remains down for USDINR...

World currencies have stopped appreciating against US dollar and so USD may consolidate for a week or more.

German markets (DAX) is on verge of up move with strong positive break out of diagonal pattern and even Nikkei. Gold and silver are consolidating. so things look to have taken a pause before the storm!!!

1 comment: