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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Hi Friends,

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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Hi friends,

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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Hi friends,

Quite an interesting week that went by. Massive sell off in commodities, gold, silver and basically anything pegged against the dollar. Most major currencies declined against the dollar. So how much have things changed in the past week to support a reversal for the dollar? The answer is not much really!!! The basic concerns [...]

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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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Hi friends,

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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Hi friends,

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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Hi friends,

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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Hi friends,

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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