Sunday, June 5, 2011

USDINR may bounce from 44.50-60 levels...

44.68 is the 61.80% retracement frm its previous rally...also, 44.60 is a strong technical support level. Below tht it can again get into that slow moving cluster zone of 44.20 - 44.60 range..I would start buying usd at these lower levels arnd 44.60...wth a trget of 45.10-15...

Tuesday, May 24, 2011

Guys did you see the DANCE OF THE FORWARD PREMIA IN USD-INR OVER LAST 36 HOURS....

12 Month fwd declined from 280 paise to 216paise and back to 250paise in last 36 hours...when underlying was much less muted....

We are sticking with the long view on S&P...

For two reasons: wave count suggests one more up leg is possible, as long as 1294 holds... Two: a hedge against out short eur-usd trade....

Monday, May 23, 2011

Sunday, May 22, 2011

AUD-USD Short on basis of risk-off environment

AUD-USD can be shorted at CMP 1.0555, SL 1.0720, target is open as there is some risk-off selling environment building across the board...

Thursday, May 19, 2011

Momentum long.. EUR-USD @ 1.4317, STOP REVERSE BELOW 1.42..TGT 1.4380/1.4420


Euro bounces back... and did not break 1.42 so we are not having any position right now..


Weak home sales data followed by a weaker Philly Fed survey, triggers a risk-off environment...


EUR-USD cmp 1.4240, SELL EUR-USD AT 1.4199 (STOP SELL ORDER)....


Booking profit in EUR-USD longs at cmp, 1.4242, profit 67 pips...


We are closing the Aussie dollar long, at cmp, 1.0607..loss 0.42 pips...


usdjpy profit booked....

Usd-Jpy close to target given on 17th (82.00)...currently trading at 81.93....
We have squared our long positions taking profit as per the call..wll look to enter again at arnd 81.70 levels for target 82.25...

We are in the money in our long Eur-USD call given couple of days back at 1.4177.... raise stop now to cost... tgt 1.4355


Tuesday, May 17, 2011

S&P 500 is expected to move towards 1360-1380..... cmp 1328..!!

GBP-USD is coiling ahead of the Job Numbers and MPC minutes.... Play Long @ 1.6274

USD-INR: Can correct towards 44.90 on spot....

Asian Central Banks buy dips and BIS sells rallies towards 1.42 in EUR-USD...

Asian Central Banks buy dips and BIS sells rallies towards 1.42 in EUR-USD...

usd-jpy above its break-out of 81.32.

USD-JPY has succesfully breached its break-out point of 81.32...looking strongly heading towards 82.00...

FUN WITH CHARTS: USD-INR (light coloured) & Ratio of Sensex/DOW(black)

Under performance of Indian equities over DOW is interesting... indicating higher levels on USD-INR

FUN WITH CHARTS..... EUR-USD AND RATIO OF DAX/DOW

EUR-USD @ 1.4177, can rally towards 1.4350...

Gold on key trendline support around 1480...Hold longs above it and Kaput below...

BRENT CRUDE CAN FALL TOWARDS 85-90.. CMP 111...