Friday, October 1, 2010

Latest Outlook for 10/1/2010

India's HSBC PMI index slowed in Sept with compare to August, economic activities in India is growing slowly but speed has calm down than before. In case of China, China government PMI index has rose than before this news support commodity prices higher this morning..


 

Germain Retails Sales has come negative , which may push to sustain Dollar.


 

Todaynight from 6:15pm to 7:45 pm lots of US reports which will be released,, overall positive data from US regions will create buying pressure for USD which may trigger down the price of Gold and Silver. Copper and OIL will have pressure with expensive Dollar.........On the other hand, positive data will help demand for OIL and support for rise of Copper.


 

But our sentiment is that due to Friday and end of month profit booking pressure will be there if not it need to assume that they are holding for next month activities too

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 ...