Currency Update: JAPANESE YEN.

JAPANESE Economy will be the first to hyperinflate with rest of the counter pier fiat currency.Chart says Yen is about to devalue massively W R T GOLD but rest of FIAT currency will follow in a similar path as YEN in coming years.

Detail 5 year chart will explain

Technicials On Dhaniya (Corriander)

The most heavily invested next to precious metals is corriander. The most anticipated consolidation on corriander is now over, And its now begin to get to rally mode.The next conjestion points on the price are around 6400-6500, And the current future are pointing to the same levels once it crosses then its going to blast off to the next levels i.e 8000, I hope thats the time to off load the positon for the next pull back. Look for the detail chart analysis along with the futures.

Happy New Year 2013, I hope it will empower you and your family with Health,Happiness, Wealth and Success.

Good Luck
Happy Trading.

Is Dollar Collapse Inevitable ??

Data suggests that dollar is in grave danger, And central banker around the global are either lowering the interest to near zero levels or lower which we have not seen for the entire century.

Central bankers are saving dollar in the expense of rest of the currencies around the globe. Dollar will not survive, And is under threat with any further QE

Obama survived the first term with the phantom money printing with all QE's, And if he does in the second term then the collapse of dollar is written on the wall.We are already witnessing the current market situation

Currency Wars leads --------->>>>Trade wars leads---->>> Real Ground Wars.

Enjoy
Happy Trading

SILVER DE TOUR......

Silver along with gold has been bullish lately, And broke the medium term down turn on current price action drawn in blue circle.Silver is an inflationary hedge, And has been testing the longer term trend channel going back to 2008 when lehman brother bankrupted, And JP Morgan took Bear Sterns short position to make things look like bleak in white metal.

Anyway we were about to a test back to the downsloping channel on this around $28 area, And after that this would challenge all time high either Q4 2012 or Q1 2013 Once it gets pass all time highs then it will flex it muscle which can blow everyone out of thier seats.......thats the kinda of silver price action will be.My target in silver will be $70/0z before end of 2013 which is drawn in red circle Here's the longer term picture of silver.

Currency Market Updates

USD INR currency Pair

Indian Rupee has shown weakness during this entire year (previous post) which was quite normal bcoz of the RBI buying gold instead of the dollar swaps for the trade deficits (i.e exports,imports) in 2009.Here, we have the data for the USDINR pairs which  hit the initial upper price band around 57, And trying to consolidate in near future but this consolidation is showing some strength in the rupee which is good for import, And this is building a lower channel trend here which has immediate resistance around 56, And the downside would be around 52 which will be due sometime in Q4 of this year.Once this consolidation is finished this will gain the momentum to target to all time high again, And if that's breached then we will have target of 66, then over new normal on Indian rupee will be around 55.

 EUR USD Currency Pair-

This pair is showing more weakness when considereded to USD, And that in turn does not suggests that USD is strong.All the traders are trying to do is jumping from EUR to USD boat, And thats a safe heaven play but once the USD chicken come to roost then it will sink like a titanic which will not only effect the US but bring all the rest of FIAT CURRENCIES along with it.

EUR is the main concern here, the deep pocket players are trying to short this pig as there is no tomorrow for the EURO Zone as the Open Interest is rising pretty quickly.EUR is going to decide the equities markets as euro implodes so does the rest of the globex equities goes as dollar strengthens but this will be a  temporary deflationary forces on the credit markets but when you look closely in the real natural resources where there is shortage of supply side economies which will eventually explode to higher side espl on soft and hard commodities.Take a look at this chart