Financial Weekly Horoscope for Week 25th July 2011

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