Skip to content
Tags

, , , ,

EURO – GBP & GOLD to gain before fall – March 5

March 5, 2013
 LATE UPDATE……………………
DAYs ACTIVITY & INTERACTION WITH SUBSCRIBER (S)….
 
GMT 15:05 – Ok, pals end of an excellent day…………
Cheers until tomorrow…………..
GMT 15:04 – do not see gold much beyond $ 1584-86, could drift down to test $ 1575-77, break could see more losses…….
GMT 15:03  (S) sir what abt gold after ism data??
GMT 15:01 – JPY @ 93.32 = The expected bounce back has occured testing my given taget 93.30-40. Book your profit………Cheers
GMT 14:34  – GBP @ 1.5157 = Cable is gradually loosing its upward momenetum. I would prefer o stay sqaure at current levels and any upmove should exhaut aroudn 1.5180-90 zones………………………….
GMT 14:32  –  I am quiet because ISM data is due in next 1/2 an hour. Entry is risky at current levels. Bad data could could give another upward push, so you can pick the top, but good number should give gold another doward push. This is not the right time to enter…………
GMT 14:15  (S) sell 85 or wait for 88 again
GMT 14:02 – GOLD @ $ 1582 = i am expectig $ 1578-80 to hold for another test of $ 1585 levels…….
GMT 13:58  (S) gold down now next signal as cant sell keep order of 88
GMT 13:42  – GOLD @ $ 1586 = If long take profit and sell around $ 1587-89. STOPS $ 1593…
GMT 13:39  (S) gold should sell at 86 or wait
GMT 10:39 – GOLD # $ 1582.60 = Risk, gold could hold above $ 1579-80 for a test of $ 1586-88. Squaring is prefered…….
GMT 10:30 – GBP @ 1.5157 = Likley to hold above 1.5120 for another upside test of 1.5195-00
GMT 10:26 – EURO @ 1.3043 = Book your profit around 1.3038-43……..
GMT 10:22 – Take profit if it dips around $ 1578-80…..
GMT 10:20 (S) sir abiout gold i sell at 83 level around so hold till newyork any change in view what sl should be
GMT 10:13 (S) sir shall go long on gbp at 1.5160 for 5210-20??
GMT 9:34 – GBP @ 1.5178 = Avoid selling now. Would prefer to wait for 1.5225-30…….
GMT 9:31 – GBP @ 1.5175 = Could test 1.5210-20…………
GMT 9:31  (S)  sir any comments on gbp after data??
GMT 9:02 – EURO @ 1.3075 = Sell around 1.3075-85 STOPS 1.3125…….
GMT 8:27 – GBP @ 1.5150 = pd, risk if 1.5170 breaks could see a another 40-50 pip gains. Break below 1.5110 would risk for bigger fall probably 1.5050
GMT 8:25 (S) sir where to go short in gbp??
GMT 8:20 – GBP @ 1.5155 = Traget met. Book your profit around 1.5155-60….Cheers
 GMT 8:15 – EURO @ 1.3058 = Book your profit around 1.3058-65………Cheers
GMT 5:58 – GOLD @ $ 1582 = Do not rush pick top and sell around $ 1582-85
GMT 5:57 – GOLD @ $ 1582 = Book your profit around $ 1582-84……Cheers
 
Nothing very exciting has happened, as Sequester played no role in the financial market probably because the impact will be felt at a later stage. In fact US stocks responded well by making another high close helping oil prices to make minor recovery despite report of restrictions imposed by China on new property buying to check asset bubble, which will discourage raw material consumption. This is not good news for Aussie Dollar, as Australian economy is highly dependent on Chinese growth that has broken  last 20-year’s of 9 pct to 10 pct growth spell. It is expected to repeat last year’s 7.5 pct growth as announced by the Chinese authorities.
Meanwhile, US economy is gradually creeping up, as it continues to preform well. Last night ISM New York index 58.8 released by NAPM-NYK has once gain confirmed that business condition in manufacturing sector and non-manufacturing sector is improving. Today ISM non-manufacturing data though not a contributor to GDP, but a good data will give boost to the sentiment.
Cable as per expectation has made small recovery, but there is a huge risk that bad PMI number could one gain disappoint buyers of Pound Sterling. Any further gain will be good opportunity to pick the top and sell GBP because up-move should be short lived. 
 
GMT 3:30 -EURO @ 1.3027 = Initially Euro could find some support around 1.3010-15 zones and break of 1.3045 could pave way for 1.3065. However, any move beyond would opportunity to sell Euro as 1.3120 should not break. On the downside, 1.2980 is the support level, but break 1.2950-60 will threaten for more losses
GMT 3:34 – GBP @ 1.5121 = Cable gain could stretch up to 1.5155, but I would prefer to sell. Break of 1.5190 will encourage for a test of  1.5220-30 zones.
GMT 3:49 – AUD @ 1.0236 = Any up-move should exhaust around 1.0270-90 levels, which will only be possible on break of 1.0255 before another drop toward 1.0205 or 1.0185.
GMT 3:54 – JPY @ 93.13 = The strength of Yen is not very surprising as it has once gain failed to test 93.80. see risk for a drop but should hold around 92.70-80 levels for another test of 93.30-40 zones.
GMT 3:59 – GOLD @ $ 1578.50 = Gold could make small gain during the day. I would prefer to pick the top to sell around $ 1582-85 levels. As see minor risk for a test of $ 1588. However, downside in intact for test of $ 1572-40 levels. But needs to fall below $ 1568 for bigger drop.
Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: