Currency and Gold for 5th June 2014

PRECIOUS METALS

Today, bullion is expected to move in positive direction especially after ECB announcement.

TRADING RANGE:

–        GOLD : 1,240-1,260

–        SILVER:18.60-19.10

CURRENCIES

EURO

EUR/USD shall go upside after ECB announcement.

Buy EUR/USD at lower level or before ECB announcement.

INDIAN RUPEE (USD/INR)

Hold USD/INR(SPOT) with stop loss 58.80 for target 60.00.

DOLLAR INDEX

Sell dollar index on rise.

However from next day, dollar index shall turn positive.

TRADING RANGE:

– EUR/USD: 1.3580-1.3680+

-USD/INR(SPOT): 59.00-59.50

-DOLLAR INDEX: 80.70-80.45

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One response to “Currency and Gold for 5th June 2014”

  1. Jeanette Cramer Avatar
    Jeanette Cramer

    Hello, sir.

    In late May You wrote about a sharp fall in global stocks after 6th of June. Do You still see that coming? And will it come soon if it comes?

    Many regards,
    Jeanette

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financial astrologer mr. rajeev prakash

Mr. Rajeev Prakash