Blog

Pound Note

Bank of England has cut 0.25 basis point to bring the rate to 0.25 from 0.50 and little addition to QE today. So now the question is, whether it is enough to plummet the pound below 1.30 line.  Judging from the initial price action,...

Can BOE Push GBP/USD Below 1.30 ? – 8/4/2016

Bank of England has cut 0.25 basis point to bring the rate to 0.25 from 0.50 and little addition to QE today. So now the question is, whether it is enough to plummet the pound below 1.30 line.  Judging from the initial price action,...

Indices are showing early signs of fatigue but one needs to be careful selling into the weakness.  Because if 2120 holds in S&P 500 ( USA Index ) then it confirms the breakout and short term direction might be higher.  Chances of quick meltdown...

Is NIFTY Breaking Down? – 8/3/2016

Indices are showing early signs of fatigue but one needs to be careful selling into the weakness.  Because if 2120 holds in S&P 500 ( USA Index ) then it confirms the breakout and short term direction might be higher.  Chances of quick meltdown...

Forex

When a rate cut by central bank produces meager 50 pip drop and that also doesn’t last for next hour then you know what is the path of least resistance for currency direction.  Reserve Bank of Australia ( RBA ) cut the rates by...

AUD/USD – RBA Can’t Do Much Except ‘Hope’ – 8/2/2016

When a rate cut by central bank produces meager 50 pip drop and that also doesn’t last for next hour then you know what is the path of least resistance for currency direction.  Reserve Bank of Australia ( RBA ) cut the rates by...

Stock market Buy Sell

July highlights were, unabated rally in equity market started after Brexit continues and there is no end in sight. It was very eventful month with BOJ ( Bank of Japan ) in Forex space which helped us accumulate whopping 1700 pips in a month....

Monthly Market Update – 8/1/2016

July highlights were, unabated rally in equity market started after Brexit continues and there is no end in sight. It was very eventful month with BOJ ( Bank of Japan ) in Forex space which helped us accumulate whopping 1700 pips in a month....

Only word describes cement companies’ stocks en masse is – UP !  There has been lot of recent activities in cement sector and all points to bullish development.  Even taking a look at your surrounding will tell you that structures of concrete are rising...

Shree Digvijay Cement (SHREDIGCEM) – Technical Analysis – 8/1/2016

Only word describes cement companies’ stocks en masse is – UP !  There has been lot of recent activities in cement sector and all points to bullish development.  Even taking a look at your surrounding will tell you that structures of concrete are rising...

ICICI Bank stock is down about 2.5 % today but it is usual jitters around result release.  Again there will be some chatter around its roughly 30,000 crore NPA and other blights. But as we have harped on many times, who cares about those...

ICICI Bank – Technical Analysis – 7/29/2016

ICICI Bank stock is down about 2.5 % today but it is usual jitters around result release.  Again there will be some chatter around its roughly 30,000 crore NPA and other blights. But as we have harped on many times, who cares about those...

Larsen & Toubro’s stock has relatively easy flight from 1200 to 1600, but now next 100 / 150 something points may not come that easy.  So here again, preferred strategy is to sell covered calls against the position or if you really want to...

L&T Ltd – Another Technically Challenged Stock – 7/28/2016

Larsen & Toubro’s stock has relatively easy flight from 1200 to 1600, but now next 100 / 150 something points may not come that easy.  So here again, preferred strategy is to sell covered calls against the position or if you really want to...

Stock market Buy Sell

Big events like NFP, FOMC, ECB meting etc has the power to inflict a long lasting blow.  Yesterday’s Fed meeting outcome was nothing new but we need to pay attention to the direction currency pairs take after such events to get a clue.  For...

EUR/USD – Has Fed Hit Reset To ‘Sell Rally’ Idea? – 7/28/2016

Big events like NFP, FOMC, ECB meting etc has the power to inflict a long lasting blow.  Yesterday’s Fed meeting outcome was nothing new but we need to pay attention to the direction currency pairs take after such events to get a clue.  For...

Gold trade in essence is the fear + yield trade.  Currently Fed carry more weight in dictating Gold’s direction because gold is priced in dollars and dollar’s value is being tuned by Fed’s experiments.  So in gold’s pricing equation, fear factor is temporary but...

Will Fed Kill The Golden Goose ?! – 7/27/2016

Gold trade in essence is the fear + yield trade.  Currently Fed carry more weight in dictating Gold’s direction because gold is priced in dollars and dollar’s value is being tuned by Fed’s experiments.  So in gold’s pricing equation, fear factor is temporary but...

Forex

Central bank circus is back in the town and it will bring usual attractions.  Whipsaw all around with counter intuitive currency canter.  If you chase the price action then you will always be surprised ( often in a bad way ) and market will...

Forex Universe Update Before FOMC – 7/26/2016

Central bank circus is back in the town and it will bring usual attractions.  Whipsaw all around with counter intuitive currency canter.  If you chase the price action then you will always be surprised ( often in a bad way ) and market will...