HI friends,

While the retracement in the Dow and European markets has been more or less in line with expectations the retracement in the Indian market has been a bit severe and has raised a doubt on the double bottom formation made in September. While the Dow and European markets retrace a bit more in the [...]

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Hi Friends,

Great close to the week for the US markets. There were retracements during the week but eventually the markets closed higher. Now this is no surprise as we move into the last stage of the bear market. As I have maintained and continue with my overall view that the Dow and the Dax are [...]

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Hi Friends,

The week was in line with expectation. Most indices tested their support levels and bounced back. The bounce back was supported by some good news. The Bank of England launched a second round of quantitative easing, pledging to buy a bigger-than-expected 75 billion pounds of assets with new money. The European Central Bank followed [...]

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Hi friends,

The FOMC proved to be the trigger for a massive sell off in global equity, metals, and commodities. Practically everything pegged against the dollar. But the “Operation Twist” was known to the market wasn’t it? Then what was it that caused the massive sell off? Were Mr Bernanke’s statements about the global economy under [...]

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Hi friends,

The week panned out as expected. Most levels of asset classes and currencies covered in the previous update were tested and as expected markets bounced back from those critical levels. For the next week all eyes will be on the FOMC meeting where market participants would be looking at some kind of stimulus measures. [...]

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Hi friends,I did not find the time for last week’s update although I did intimate some of my close friends about the week’s prospects through mail or chat. Almost all instruments covered in the last update behaved in similar way. Gold retraced to the figure of 1710$ and retraced. Nifty reacted around 4710 and then [...]

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Hi friends,

Wishing all my Indian friends a Very Happy Independence Day!!! As expected the Dow and S&P500 staged a minor pullback. Rumours continue to plague markets. The recent one being the downgrade of France. This led to the ban on short selling European shares which aided the pullback in European shares too. Gold made a [...]

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Hi friends,

It is a very important week ahead. The main event is the US debt ceiling deadline on 2nd August.The moot question is will the deadline be extended on the basis of an actual plan or will the US be declared a defaulter which could see it losing its credit rating. I had been mentioning [...]

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Hi friends,

As expected key economic data coming from the US was disappointing. The main concern for US remains unemployment and the increase in jobless claims further casts doubts over the recovery of the US economy. In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an [...]