Blog

Forex

Finally a much needed break below 1.1000 has opened the door for more downside in EUR/USD.  We are short EUR/USD from the beginning of the month and you can read the rationale behind the trade here. ( Check out the link ).  Since ECB...

EUR/USD – Shorts Looking More Promising – 7/20/2016

Finally a much needed break below 1.1000 has opened the door for more downside in EUR/USD.  We are short EUR/USD from the beginning of the month and you can read the rationale behind the trade here. ( Check out the link ).  Since ECB...

Barring few exceptions, major global indices are working on the only principle – either be long or you are wrong.  Financial engineering will keep the indices afloat and there is no reason to abandon the trading tactic.  But if a person has spend long...

NIFTY – Long Or Wrong – 7/19/2016

Barring few exceptions, major global indices are working on the only principle – either be long or you are wrong.  Financial engineering will keep the indices afloat and there is no reason to abandon the trading tactic.  But if a person has spend long...

Stock market Buy Sell

Now suddenly traders have revelation that RBA can cut soon ! Well, that was always a possibility, wasn’t it? With arguments about more collapse in commodity price combined with rate cut possibilities, AUD/USD made two upward trips, one from 0.6800 to 0.7800 and another...

AUD/USD – Buy The Dip Part 2 – 7/19/2016

Now suddenly traders have revelation that RBA can cut soon ! Well, that was always a possibility, wasn’t it? With arguments about more collapse in commodity price combined with rate cut possibilities, AUD/USD made two upward trips, one from 0.6800 to 0.7800 and another...

Forex

For last many months ( almost a year now! ) New Zealand Dollar is exhibiting the similar pattern.  Whenever it looks like NZD/USD is going to drop hard, it pops up right back and starts going up.  In our last post we mentioned that...

NZD/USD – Buying The Dip – 7/18/2016

For last many months ( almost a year now! ) New Zealand Dollar is exhibiting the similar pattern.  Whenever it looks like NZD/USD is going to drop hard, it pops up right back and starts going up.  In our last post we mentioned that...

When trust is lost, everything is lost.  Fortunately, at least for stocks, that trust can be reestablished with good results and good execution.  But now, the moment has come which we just a month ago warned about and cashed good part of the position...

Infosys – Didn’t We Tell You Moment ;) – 7/15/2016

When trust is lost, everything is lost.  Fortunately, at least for stocks, that trust can be reestablished with good results and good execution.  But now, the moment has come which we just a month ago warned about and cashed good part of the position...

Stock market Buy Sell

The moment we for forgot about all the problems market is dealing with and flung  fed rate hike scenario from near future to ‘not possible now’, US Dollar Index ( DXY ) came roaring back today with stubbornly buoyant retail sales. As the adage...

USD – Rescued By Retail Sales – 7/15/2016

The moment we for forgot about all the problems market is dealing with and flung  fed rate hike scenario from near future to ‘not possible now’, US Dollar Index ( DXY ) came roaring back today with stubbornly buoyant retail sales. As the adage...

Few things which gave gold its recent new high are fading away. Nobody fears Brexit anymore.  Equities are not subjected to acrophobia either. Two big fear drivers are out right now. Gold’s inability to take out 1400 level left many fast money traders bailing...

Fast Money Is Getting Out Of The Gold Trade – 7/14/2016

Few things which gave gold its recent new high are fading away. Nobody fears Brexit anymore.  Equities are not subjected to acrophobia either. Two big fear drivers are out right now. Gold’s inability to take out 1400 level left many fast money traders bailing...

Forex

USD/JPY has taken a breather at 105 and rightfully so.  When something goes too far too fast, it is natural stop at good support / resistance.  Trip from 100 to 105 was nonstop and looking at the things, there is no need to abandon...

USD/JPY – No Need To Abandon The Abe Train Yet – 7/13/2016

USD/JPY has taken a breather at 105 and rightfully so.  When something goes too far too fast, it is natural stop at good support / resistance.  Trip from 100 to 105 was nonstop and looking at the things, there is no need to abandon...

Reliance Communication’s stock is a good example of how investors clings to a failed investment despite having all evidence against its success.  At some point it looks like people with indelible hope for RCOM’s rise to their investment’s breakeven point is suffering from masochism...

RCOM – A Case Of Inveterate Masochism – 7/12/2016

Reliance Communication’s stock is a good example of how investors clings to a failed investment despite having all evidence against its success.  At some point it looks like people with indelible hope for RCOM’s rise to their investment’s breakeven point is suffering from masochism...

Pound Note

British Pound is still subjected to headline risk but it looks like until BOE ( Bank of England ) is out of the way on next Thursday, 1.3000 will prevail.  Buffeting between 1.3200 and 1.1300 is more likely scenario for next 48 hours. We...

GBP/USD – Dips Will Be Supported Before BOE – 7/12/2016

British Pound is still subjected to headline risk but it looks like until BOE ( Bank of England ) is out of the way on next Thursday, 1.3000 will prevail.  Buffeting between 1.3200 and 1.1300 is more likely scenario for next 48 hours. We...