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Today's Trade & News

Big wave in 24 hours - gold is toward $750, silver $7.80 in first wave and Euro toward 1.18...

Dear Members,
Dollar is gaining momentum so stay long with US Dollar. Today in Asian market all major currencies started moving down sharply and they will move down big way so don't buy at any level thinking that prices may bit recover. Watch Australian, Canadian, B Pound and Euro as these all currencies will have step fall, which will push prices toward to new lows.
 
Yen and Swiss Franc will gain against all currencies except dollar.
 
Gold, silver and copper is ready to move down big, so stay short as big money to be made in coming days.
 
Oil also traded weak on Tuesday and it will trade weak from here.
 
Soft commodities trading weak, cocoa will remain weak but avoid sugar.
 
Corn and wheat are trading weak another few weeks both of these grains will trade weak for the few weeks before new bull market starts.
 
All major Stock markets are trading weak, we strongly recommend avoid any new buying.
 
Thanks & God Bless
Mahendra Sharma