Hi friends,
Most of the moves were within the parameters mentioned last week. Prices did exhibit volatility especially after Mr Trichet’s hawkish messages and signalling a rate hike in the next meeting was possible. But seriously prices were already displaying that a breakout on the euro was just around the corner. So price action precedes news [...]
Hi friends,
The unrest in Libya was the main event which most markets focussed on. The US stocks markets saw a deep cut in the earlier part of the week before bouncing strongly towards the close of the week. Amongst the currencies, the Japanese Yen was the most favoured on account of safety and liquidity. The [...]
Hi friends,
The US stock markets continued to grind higher. Money since the start of the year has moved out of emerging markets into developed markets. My view had always been that the US markets would move higher despite all concerns . There is just too much liquidity around and most companies on the S&P500 and [...]
Hi friends,
The past week was pretty exciting with the major surprise being the lower than expected GDP (QoQ) (4th Quarter) of the UK (-0.5% v/s expected +0.5%), a whole per cent reduction. The reaction in the GBP was almost immediate with gap downs in most crosses. The Eurozone data was [...]
Last week was a set of mixed data coming in from Europe and US. Advance retail sales US (Aug) was a tad better than expected at 0.4% increase over the previous month vs analyst expectation of 0.3% . Below is the chart of advance retail sales [...]
The week went off as expected. The US markets had a four day week with Monday being Labor Day. The week was pretty light on economic data and the US markets traded within a narrow range with thin volumes. The week started with a report in Wall Street Journal stating -Europe’s [...]
Hi friends,
It was quite an eventful week not just for the US markets but also major markets around the world. Most economic data from US as well as other countries were quite encouraging and that was reflected in the most markets and the US market in particular making a strong pullback.
The pullback started with positive [...]
Hi friends,
Unemployment continues to be a major hurdle in the economic recovery of the USA. Private sector employment has not been rising in line with expectations and that is the main worry as it is the small businesses which need to flourish if employment is to be generated. So until we see the small businesses [...]
Hi friends,
Exit the nifty August futures recommended between 5400-5410 at around 5423. The nifty could head higher to about 5480-5500.
Savio
US GDP for the quarter came in at 2.4%, a little lower than the expected 2.5% but more than a percent slower than the first quarter GDP. Consumer spending was lower during the second quarter. However increase in the investment in the software and equipment sector was very robust .The increase in the real estate [...]
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