Sunday, September 23, 2007

speculation the Federal Reserve will keep cutting U.S. interest rates.

The Fed's trade- weighted dollar index sank to its lowest in 36 years
``The Fed has untied the dollar and let it slip,''
``Dollar weakness will drag on,'' said Simon Derrick, chief currency strategist at Bank of New York Mellon Corp. in London. ``The crisis is not over and the Fed is likely to cut rates further.''


FOREX MARKET SUPPORTING STOCK MARKET SENSEX AND NIFTY LOOKING STRONG

24TH SEP ++++

25TH SEP +++-

26TH SEP ++--

27TH SEP +++-

PROFIT BOOKING EXPECTED ON US FINAL GDP,NEW HOMES,JOBLESS CLAIMS...

28TH SEP +---


VOLATILE SCENARIO EXPECTED IN MONTH OF OCT.


1ST OCT +++-

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