Dear Members,
We are releasing a small part of today's flash news and added a small note, so read carefully. We are also entering into an uncertain cycle, which could be bad for bulls as well as bears, which means volatility will increase. You must subscribe to weekly and daily letters, as from today, prices will move 20% higher for most subscriptions.
The shadow of jobs data and Middle East concerns looms!
Dear Members,
On Thursday, the market traded in a mixed trend, opening higher but continuing to trade in a mixed trend throughout the day, moving rangebound. Our advice of trading in and out proved to be quite prudent.
The Hong Kong market lost value on opening yesterday, moving significantly lower, but regained all the value by the end of trading. The Yin also traded lower for the first time since it started its run in the first week of September.
Tomorrow, we have the nonfarm payroll data releasing which will be watched by the market, and could cause the market to move on either side depending on the data. The market continues to eye the Israel and Iran situation and any further hostility there could also move the market.
Metals traded in a mixed trend on Thursday, moving lower on the opening, and then recovering value by the end of the day. Base metals lost significant value on Thursday.
Most of the currencies lost value against the Dollar on Thursday, as predicted. The British Pound lost the most value, moving lower by more than 100 pips. The dollar is moving higher aggressively, and will gain further strength.
Oil prices gained significant value, and it looks like oil is ready to test $75.
Grains and softs struggled on Thursday and may continue to struggle in the short term.
Thirty Year Bond lost significant value as predicted, and the weakness will continue.
Today's Job report will be crucial and weekend major issue may get dvelope in middle-east so must take some hedge positions in market. Read in below Index sections closely, Any rise in the market shall be taken as a profit-booking opportunity in the USA, Europe, and most other markets.
The USD is holding value very well. Our predictions of selling the USD Index at 105.00 with a 100.00 target worked very well. For the last week, we have been recommending shorting currencies. Buying back USD is working very well, and one should stay with this trade.
Precious metals have the power to buy. Buy on any sharp weakness on Friday and carry a long trade to next week as some upward trend is expected.
We have been recommending buying oil for the last five days. Stay long in Oil as it will test the $75.88 to $78.87 level.
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Thanks & God Bless
Mahendra Sharma