Drama owing to FOMC on 14 June 2017

Astrodunia

Global Equity Indices

Today, it is the FOMC announcement; next day’s early morning, it is the conjunction of Saturn and Sun – which will drive major equities to negative direction. A sharp correction is anticipated in S&P500. Today, sell on rise is advised. S&P500 FUT can drop to 2407-2385 in coming days. Maintain short position in major markets.

PRECIOUS METALS

Gold can move up to 1280 at the most on higher side. Around —-, you’re advised to short 50% position and remaining around —-. The target for this short position shall be 1250 & below.

You are advised to short 50% SILVER @– – — and rest if it retests — – — (before FOMC). Target for Silver July contract : 16.50 & below.

After FOMC, a sharp correction is being anticipated for precious metals. Next day seems to be bearish owing to the conjunction of Sun and Saturn.

EUR/USD

Around 1.1215-1.1220, short 50% EUR/USD and rest short position to be built around 1.1260 for target 1.11000.

USD/JPY

Around 109.90-110.00, build 50% long position in USD/JPY and rest around 109.30 for target 111.00.

US Treasury Bonds Yield

You are advised to long US 10 YR Treasury bonds yield – 50% @ 2.20 & next 50% @2.15 for target 2.25.

You are advised to long US 30 YR Treasury bonds yield – 50% @ 2.85 & next 50% @ 2.78 for target 2.92-2.95.

INDIAN STOCK MARKET 

Indian market shall be uncertain for the day. Next day, market may have gap down opening. It is advised to build short position at higher levels.

In 1-2 days, Nifty can drop to 9550. With S/L of 9740, short Nifty for target of 9550 & below.

You may short Bank Nifty @ 23500-23600 for target of 23200.

TRADING RANGE:

  • NIFTY FUT: 9660-9580
  • BANK NIFTY: 23600-23300

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Disclaimer: The above information is a view based on astrology and technical analysis. It is only for the purpose of knowledge and not a substitute for trading advice.

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Mr. Rajeev prakash agarwal financial astrologer

Mr. Rajeev Prakash

Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.

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