Hi friends,

The week was a stunning week and more of a decider week for the next 2 months. We can now safely conclude that the markets have a short term bottom in place. The Dow and the Dax made lower lows and then created a massive impulse wave indicating that it is headed higher in [...]

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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,

Last week saw a reasonable decline in US indices as well as global indices. Well actually it was a global sell off. Once the 12000 level gave way the fall was inevitable. Concerns of a double dip recession have again been discussed on all channels. But readers of this weekly update already know all [...]

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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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I just thought it was time to reflect back on my update on 20th April http://www.ionlinetradingforex.com/urgent-update-nifty-likely-to-fall-20th-april-2011/ where I had warned Investors to stay away from the S&P500 and Nifty when the media was busy predicting new highs!!! At that point in time there were clear indicators, fundamental as well as technical, which indicated [...]

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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 [...]

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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 [...]

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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 [...]

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The last week went off as expected. The S&P500 reacting near the 1300 mark and most of the currency pairs mentioned achieved their respective targets. The earning of most companies in the S&P500 continues to beat expectations and till interest rates remain low the market would continue to move up. Germany continues to be [...]

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Hi Friends,

Back after a good break. Markets have started picking up. Some markets continuing their northward journey like the S&P500 while others like the Nifty and Shanghai reacting southwards. Data from the US has been positive and does indicate some improvement but as long as unemployment continues to remain at elevated levels the recovery could [...]

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