Thursday, September 23, 2010

Today’s Economic Outlook

Today at 12:45 pm this afternoon French manufacturing data and there after German manufacturing data will be released..Forecast data is similar with previous data. Bad data helpful for Gold


 

Similarly from 12:45 to around 3 pm afternoon series of data are there for Euro zone which counts more to market


 

At 6:15 pm US employment claims which was forecasted 1thousand more claims is another crucial data.......positive data may profit taking on Gold, negative data will instantly help to Gold rise

Existing US home sales forecast is higher… this data may cause some buying nature on USD which is again helpful for Gold


 

OIL

OIL on both daily and Weekly Chart in a crucial point of rise or fall...Sentiment is still negative on rising inventor.


 

Copper and Silver will move according to Gold

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...