Rakesh Kumar
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Rakesh Kumar's Page

Latest Activity

Rakesh Kumar posted a blog post

What we expect from the next week?

Hi EveryoneLast week has been relatively quite. I will try to cover in the coming weeks and make the most out of it.Coming week will be active and I am expecting it to be more profitable than the previous week. FOMC meeting and statement on thursday will be interesting to watch. Australian Monetary policy meeting on tuesday will be interesting to but for AUD pairs only. AUDUSD is likely to get stronger in the coming weeks. So will be the NZDUSD. Even though the governor Wheeler has indicated of…See More
Mar 17, 2013
Rakesh Kumar posted a blog post

USD Weakening Is Own Its Way!!!!

Good Afternoon Everyone!I have been missing trading and you guys for the past 5-6 days. I couldn't put my blog because I was travelling and doing lot of other stuff. Let's talk about the Market now.Last week we saw a strengthening in USD which was somewhat you can say was due to Bernanke speech 3 times in a week. Bernanke Generally doesn't give speeches 3 times in a week so investors and market got nervous so they starting selling other currencies and buying USD as a safe haven. Investors were…See More
Mar 6, 2013
Rakesh Kumar's blog post was featured

Bernanke Has done it again!!!!

Good Morning everyone!Last night Ben Bernanke has done it again. He had done in the past and once again he did what Draghi or any other politician couldn't do.The committee threw some hard questions and questioned his credibility about the future forecast but he answered the questions in his fashion and defended his QE very strongly. He was also suggested that he should take other members in the FOMC seriously. His defence against QE took USD down against all currencies and JPY weakened…See More
Feb 28, 2013
Rakesh Kumar posted a blog post

Bernanke Has done it again!!!!

Good Morning everyone!Last night Ben Bernanke has done it again. He had done in the past and once again he did what Draghi or any other politician couldn't do.The committee threw some hard questions and questioned his credibility about the future forecast but he answered the questions in his fashion and defended his QE very strongly. He was also suggested that he should take other members in the FOMC seriously. His defence against QE took USD down against all currencies and JPY weakened…See More
Feb 28, 2013
Rakesh Kumar posted a blog post

Beware: NZD is not a one bet says Governor Wheeler

Good Afternoon everyoneIt has been relatively quite for me for the past 2 days but today I say an opportunity and ripped some quick pips. I was expecting NZ governor to give some hawkish news because there has been hawkish statements from the New Zealand politician regarding high NZD. So it happened New Zealand Governor gave hawkish statement and I took quick 56 pips profits on my NZDUSD. NewZealand Governor warned the investors that kiwi is not a one way bet which means whatever goes up will…See More
Feb 20, 2013
Cho Xom commented on Rakesh Kumar's blog post HIGH NZD is not good for export: Finance Minister ENGLISH
"Would you please show the source? Reuters didn't mention about that at all."
Feb 19, 2013
Rakesh Kumar posted blog posts
Feb 19, 2013
Rakesh Kumar commented on Rakesh Kumar's blog post Where will GOLD Stop?
"@Oasis Yes I agree with you on that. AUDJPY will continue the same direction."
Feb 17, 2013
Kevin Henry Ostermey commented on Rakesh Kumar's blog post Where will GOLD Stop?
"Dear Rakesh, would really appreciate following you on facebook. Kind regards. Kevin"
Feb 17, 2013
Oasis commented on Rakesh Kumar's blog post Where will GOLD Stop?
"Hi Rakesh I am expecting AUDJPY to have the same direction as you expect from EJ and GJ. What are your thoughts? Thanks"
Feb 17, 2013
Rakesh Kumar posted a blog post

Where will GOLD Stop?

Good Afternoon AllLast week was a rocky mountain but we not only survived we made more profits than any other week. Someone said " FOR EVERY THREAT THERE IS AN OPPORTUNITY" so we took that opportunity and ripped the rewards. In my account we made double of the usual week profits. Well past week gone lets talk about next week.Coming week will be interesting. Last week I predicted that EURJPY will go up but before the meeting it will go down to 123 which exactly happened. If you see and observe a…See More
Feb 17, 2013
Rakesh Kumar posted a blog post

Will UK become Bankrupt?

Hi EveryoneMarket has been just trading sideways since morning apart from JPY pairs which were expected to drop.EURJPY is in buying zone and could rip 150 pips by monday however I would suggest on low risk. EURJPY but at 123.00 and TP at 125.20.AUDUSD will be affected by few political comments in future. Today member of treasury said that AUD is way too much overvalued and it is hurting our manufacturing and exports. Moreover Rio Tinto declared first ever loss in its history which shows a sign…See More
Feb 15, 2013
Rakesh Kumar posted a blog post

Every eye again on BOJ statement!!!

Most of the eyes will be on BOJ statements again. As china is closed for the week and market is very quite during the asian session so BOJ is likely to bring some action.EURJPY and GBPJPY will be looked for key support and investors will be keeping an eye on every dip. In the last two BOJ meeting the politicians disappointed the market and investors which made YEN stronger.NZDUSD has got wings and flying in no fly zone. However it is limited till 8500. AUDUSD is changing its momentum and trend…See More
Feb 14, 2013
Rakesh Kumar posted blog posts
Feb 12, 2013
Rakesh Kumar commented on Haitham653's blog post USDCHF - Weekly Strategy (04-08 Feb 2013)
"I don't think mate that it will go below 0.8900 level as Swiss government intervene now a days as japanese government do. They will start selling CHF to make it weaker and they have done it in the past."
Feb 3, 2013
Rakesh Kumar posted a blog post

Bumpy rides still ahead?

Hi EveryoneI hope all of you had a great week and made lot of profits.In my previous blogs as I mentioned that Euro will climb new highs and JPY will touch new lows which happened. AUDUSD and NZDUSD went down on monday and tuesday sessions but picked up again on thursday and friday because of US economical data.There are few big event news week which will make a big impact on certain pairs. NZDUSD pair will be affected by unemployment rate and employment change. Last reading of unemployment…See More
Feb 3, 2013

Profile Information

About Myself
I am 29 years old and an engineer by profession. I have been working as a sales and marketing manager for the past 7 years and trading forex at the same time. I have been making enough profits and have learnt all about forex from news,websites and experience.
Trading style
Traditional and News trading
Current Broker
Etoro and FXCM

Rakesh Kumar's Blog

What we expect from the next week?

Posted on March 17, 2013 at 1:12pm 0 Comments

Hi Everyone



Last week has been relatively quite. I will try to cover in the coming weeks and make the most out of it.



Coming week will be active and I am expecting it to be more profitable than the previous week. FOMC meeting and statement on thursday will be interesting to watch. Australian Monetary policy meeting on tuesday will be interesting to but for AUD pairs only. AUDUSD is likely to get stronger in the coming weeks. So will be the…

Continue

USD Weakening Is Own Its Way!!!!

Posted on March 6, 2013 at 1:03am 0 Comments

Good Afternoon Everyone!



I have been missing trading and you guys for the past 5-6 days. I couldn't put my blog because I was travelling and doing lot of other stuff. Let's talk about the Market now.



Last week we saw a strengthening in USD which was somewhat you can say was due to Bernanke speech 3 times in a week. Bernanke Generally doesn't give speeches 3 times in a week so investors and market got…

Continue

Bernanke Has done it again!!!!

Posted on February 28, 2013 at 1:02am 0 Comments

Good Morning everyone!

Last night Ben Bernanke has done it again. He had done in the past and once again he did what Draghi or any other politician couldn't do.

The committee threw some hard questions and questioned his credibility about the future forecast but he answered the questions in his fashion and defended his QE very strongly. He was also suggested that he should take other members in the FOMC seriously. His defence against QE took USD down against all currencies and…

Continue

Beware: NZD is not a one bet says Governor Wheeler

Posted on February 20, 2013 at 3:04am 0 Comments

Good Afternoon everyone

It has been relatively quite for me for the past 2 days but today I say an opportunity and ripped some quick pips. I was expecting NZ governor to give some hawkish news because there has been hawkish statements from the New Zealand politician regarding high NZD. So it happened New Zealand Governor gave hawkish statement and I took quick 56 pips profits on my NZDUSD. NewZealand Governor warned the investors that kiwi is not a one way bet which means whatever…

Continue

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