Flash Update : Sell $GbpUsd 1.6673

I am selling pound here @1.6673 ...for a 100 pip target ...reverse my position at 20 pips ...

Comments

Post a Comment

Popular posts from this blog

Nifty consolidates : S&P at record high : Asia Flat

Nifty was below 7300 on expiry day in May 2014 . That was a relief as my position on sell call Nifty was under pressure . It has finally paid off....I have taken a sell Nifty call for 7500 for June as I expect the Nifty to below 7500 in short term . I will also look to write puts near 6700 levels as I see India bullish in 2015 . Indian growth declined to lowest and the new government should try its best to revive the economy . All eyes on Mr. Rajan on credit policy this week . S&P rose to 1923 levels in spite lower confidence data from the US . Asian stocks flat this week . Lot of action next week on payrolls data in US , China PMI , Euro unemployment reports and Aussie rate decision. Dollar stronger since last week and will be looking to NFP data next Friday . Gold reached a low and i think is a good buy at current levels for short term . Looking to short equities but not conformable at the moment  . S&P looking overbought at current levels . Statistics No change in lo...
Read more

Markets Quiet , Awaiting APPLE product event

Big Day for Apple , all waiting their product event today . Are you long APPLE stock ...we could see lot of volatility here . As a trader we dont trade the news but rely on charts over a longer time frame . Keep your trades small over months and weeks and see your profit grow ...rather than trades which are bigger over a shorter time frame . Markets quiet overall , nothing actually moving . i could see some bearishness against the dollar but still optimistic in 2016 -2017 . traders speculating a weak dollar going forward in case FED does not hike rates in December and see sluggishness in manufacturing , employment and home sales Commodities slightly picking up and could see a major moves in 2016 . I am already long Gold and will continue to add positions in case i see a pullback in weekly and daily time frames. Overall global economy slowly picking up in 2017 with US will be the first one to be chugging ahead among all countries . Product innovation is the key with importance agri bas...
Read more

Nifty near 8900 : S&P eyeing new levels

Nifty has a good comeback from the last 10 sessions to close near 8830 ... I was short on the Nifty but quickly closed my position in profit . I am quite hesitant to take a long at this time ..but those who are already long please put a stop at 8700 levels ..India story looks promising and i will be bullish India until 2016 ...Look to buy on small setbacks on Nifty ..World Bank has predicted growth of 8% until 2017 and India will look to capitalize on investment led growth on all sectors .I don't have any positions on Nifty but will seek to sell puts strategy tomorrow. Dollar remains to be strong in 2015 ...look to buy USD across currency specially Yen and Euro .. I remain buy on #UsdJpy around 119 ....for a target of 121 .....S&P also looks bullish and may see to break 2100 levels . Look for any reports on drop in Shale Oil production in the US .. this will have an positive impact on Crude Oil . Reports suggest that they may see a drop in production after May 2015 .Commodit...
Read more