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

FinQuiz by

FinQuiz

Which company developed Material Design?

2:30
0 / 10
Points: 0
Astrodunia Avatar

Integrate Market Timing in your Portfolio

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

Leave a Reply

Mr. Rajeev prakash agarwal financial astrologer

Mr. Rajeev Prakash