Aug, 05, 2017 By Vikram Murarka 0 comments
Need reliable Euro, Yen and Aussie forecasts for business costing and planning your hedges?
We had started to offer long-term forecasts on Euro, Yen and Aussie, spanning over period of 3-quarters. We intend to continue the forecasts on a monthly basis which would reflect changes in our view based on market volatility.
As is unique to KSHITIJ.COM, you will find not only a directional view, but even explicit high-low-close projections for each quarter.
EURO LONG-TERM FORECAST - AUG'17
In our July’17 report, our bias was stated as neutral as Euro was standing at an inflection point. The rising German-US yield spread brought back the possibility of a long term bullish reversal back on the table last month and now with a break above 1.1500, the first signal for that reversal has been established.
AUSSIE LONG-TERM FORECAST - AUG'17
Aussie rose sharply in July itself testing the target of 0.80 much faster than expected, instead of dipping to 0.75 first. We expect the rally to continue for the next few months.
JAPANESE YEN LONG-TERM FORECAST - AUG'17
Dollar Yen has been trading near important levels just now. We are looking at two alternatives just now: either a break below 109.50 or a bounce back towards 113 from 109.50.
Forex reports by KSHITIJ.COM are based on dedicated and in depth analysis of various economic and financial parameters. Hence the judgement, quality, probability and reliability of these forex risk management views are quite high.
We are privileged to be associated with Kshitij as our Forex Advisor. Their valuable advice has helped Marico to redefine its forex management policies. We look forward to a long and rewarding association with them.
Kshitij is the only advisor that has taken a firm stand on the market at various times and at the same time they have always been willing to accept their mistakes gracefully.
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