Financial Weekly Horoscope for Week 5th September 2011

Weekly Financial Forecast For Week Starting 5th September 2011

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

Monday 5th September: Moon will be in Scorpio
Tuesday 6th September: Moon will be in Sagittarius
Wednesday 7th September: Moon will be in Sagittarius
Thursday 8th September: Moon will be in Capricorn
Friday 9th September: Moon will be in Capricorn

Jupiter will be retrograde throughout this month making some of the laggards pull back on the bourses

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 5000-5450. 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 4750 to 5225

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 76-77 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 1725 and 1850; 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