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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Monday, May 28, 2012

Bank Holiday Trading


Today’s reaction would not translate a true market behavior due to low volumes as generally the markets are closed due to memorial day and people would rather stay away from trading as they are on the last day of the long weekend. The markets are intended to show low volume and might be low volume uncertain moves. Trading today is mere speculation and proper business would return from tomorrow when people will come fresh after the long weekend. For those who have trades in portfolio should hold them and take quick profits for any profitable trades in the portfolio to lower the portfolio risk by reducing volume and being sidelined for today.

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