Hi friends,

Back after a short break. As has been my earlier view, US and European equity markets continue to be in a bear market rally. The rally will have its share of retracements but slowly and steadily investors are getting back to stocks. Long only funds have also started buying. This is exactly what the [...]

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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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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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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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The week panned out well except for Friday where Global markets saw a sell-off in risk assets. The dollar gained strength on account of a very weak EURO and the GBP also went down in line with the EURO. Gold in a trading range and remains on course to $2000.Market Volatility has increased and [...]

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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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Equity Markets selloffs continue with hardly any pullbacks. Last week the S&P500 was depicting signs of a pullback to 1250 but the pullback lasted just around 1210 before another round of sell off. The scenario was similar across global equity markets. Tensions of a global recession have begun resurfacing. Gold continues to move northwards [...]

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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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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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Last week I had pointed out that the S&P500 was headed for a pullback while the nifty too would probably continue its pullback. At the same time I had mentioned that in coming weeks (short term) the euro would head lower in a corrective manner although in the medium term (3 months) it would [...]

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