Apple impact , Equities bearish , Strong Dollar

Apple failed to impress mobile users , with not so many changes in its new product Apple 7 ,  stocks dropped with the bearish sentiments globally .Users will await its launch next year as they may plan a surprise of their 10th anniversary .
Equities dropped over the week , is it bear run or markets are just correcting naturally, very tough to say at the moment but i expect to be bearish until end of this year as Fed hike still uncertain in the coming months and there may be some uncertainty in the short term.
Indian equities bullish in the long term but can retrace along with world indices , its definitely a good buy or top up at 8600 levels . can we expect a rate cut possibly not with FED uncertainty looming ahead . RBI may not take a chance in 2016 .
Dollar was strong on bearish equities and i could see some buying in the buck against other currencies , at this moment i would like to short the Yen but looking for the right opportunity . I am adding another buy position at 1322 , this will average out my existing position at 1348 and i think the yellow metal will give you positive returns in 2016-2017

Keep watching
Happy Trading

Open Positions
Bought .05 Lot Gold @1348
Bought .05 Lot Gold @1322

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