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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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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 [...]

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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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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 [...]

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As expected data from the US as well as other parts of the world continued to disappoint. The US New Home Sales continued to disappoint at 276000 against an analyst estimated of 330000(Source: www.dailyfx.com). As mentioned in my earlier write ups the root cause is the rate of [...]

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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 [...]