Financial Weekly Horoscope for Week 15th August 2011

Weekly Financial Forecast For Week Starting 15th August 2011

Monday 15th August: Moon will be in Aquarius
Tuesday 16th August: Moon will be in Aquarius
Wednesday 17th August: Moon will be in Pisces
Thursday 18th August: Moon will be in Pisces
Friday 19th August: Moon will be in Aries

Hope readers managed to make some profit out of the retrograde Mercury and subsequent fall on the bourses. Mercury will be retrograde until 27th August and keep the markets extremely volatile.

The Dollar is falling while Euro stabled with a solution for Greek crisis announcement. All major equities will continue to be rangebound.

Forecast for Dow: The range for Dow now stands at 10800 to 11800. Both Sell on Rise and Buy on Dips recommended. Positions should be taken with proper hedges

Forecast for FTSE: Range will be 5000-5300. Both Sell on Rise and Buy on Dips recommended. Positions should be taken with proper hedges

Forecast for Nifty: For Nifty, the range will be 4900 to 5348

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 1.64 during the week; Sell on Rise recommended

Forecast for USD-JPY: JPY may depreciate further vis a vis USD; Long positions closer to 77-78 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 1700 and 1800; 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