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,
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 [...]
Hi friends,
The week went off as expected. The Fed decided to hold rate which was expected. The 10 year treasury yields are showing signs of a reversal which also was stated last week. Economic data from US continues to surprise on the upside. Advance retail sales were better than expected. Employment continues to be a [...]
Hi friends,
The US stock markets closed on a very positive note although the volumes have been below average. There were no major negative news and most economic data were around expected lines. Although the Euro has been struggling on account of the Ireland bail out , Germany seems to be propelling ahead in terms of [...]
Hi friends, It’s been 2 weeks since I posted my updates. I haven’t been keeping too well and even as I write this update today I am yet to recover fully. However for those who regularly visit this site you could have followed me on twitter as I posted most of my trades before hand [...]
Hi friends,
The week went off as expected. The Fed came up with a stimulus package which was in lines to what we had mentioned in our previous week’s update and as expected markets in US as well as globally rallied on the news. We feel this is the start of the bear market rally in [...]
Hi friends,
The week went off as expected. A bit choppy but no real action in terms of a determinate continuation of the uptrend or a reversal in the US markets, currency markets and most global equity markets. The last week did not have any major events and the overall market movement was expected. Almost 79% [...]
Hi friends,
Economic data from the US continued to be mixed. Advance retails sales was better than expected at 0.6% vs. 0.4% while Consumer confidence (as per the University of Michigan Confidence) was still lagging behind at 67.9 vs. 69.Initial jobless claims came in higher than expected at 462000 vs. 445000.The Fed chairman also indicated in [...]
Hi Friends,
Unfortunately due to some time constraint I wasn’t able to make an update last week. However not much has changed in terms of price levels mentioned in the last update. The S&P500 is near the zone of 1172 and the Nifty achieved the 6200 mark. In my last update I had tried to point [...]
Better than expected economic data from the US propelled the indices northwards .Durable goods order was higher than expected. New Home Sales for August was also much better than expected on a month to month comparison. However one needs to compare the home sales with the same month of the previous [...]
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