Thai Industrial Production (YoY) came @ -9.6%..........27 JULY 2012

ALERT :- Thai Industrial Production (YoY) came @ -9.6%, Forecast @ -2.5%, Previous @ 6.0%.


Note :- Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.  A higher than expected reading should be taken as positive/bullish for the THB, while a lower than expected reading should be taken as negative/bearish for the THB.


IMPACT :- VERY WORST DATA CAME, NEGATIVE FOR THAILAND MARKET.

POSITIONAL CALL :- SHORT BANK NIFTY FUTURE AUG EXPIRY@ ......... STOP LOSS ABOVE @........, TARGET @........ + BUY BANK NIFTY 10400 CALL AUG EXPIRY @........., STOP LOSS @..........(HEDGE POSITION AGAINST SHORT BANK NIFTY FUTURE AUG EXPIRY.).........27 JULY 2012

POSITIONAL CALL :- SHORT BANK NIFTY FUTURE AUG EXPIRY@ 10340 - 10350, STOP LOSS ABOVE @ 10450, TARGET @ 10100 - 10028 + BUY BANK NIFTY 10400 CALL AUG EXPIRY @ 215, CMP @ 215, STOP LOSS @ 150 (HEDGE POSITION AGAINST SHORT BANK NIFTY FUTURE AUG EXPIRY.)

INTERNATIONAL MARKET MORNING UPDATE AT 8.40 AM ON 26 JULY 2012

ALERT :- GAP OPENING IS EXPECTED IN INDIAN MARKET DUE TO SOME POSITIVE MAJOR INTERNATIONAL NEWS LIKE EUROPEAN CENTRAL BANK PRESIDENT SPEAKS AND SOME POSITIVE ECONOMIC DATA FROM UNITED STATES YESTERDAY.


Asian stocks rose for a second day, with the regional benchmark index headed for the biggest gain in four weeks, after European Central Bank President Mario Draghi said policy makers will do whatever is needed to preserve the euro. 


Asian stocks rose the most in a week and bond risk fell on speculation central banks from Europe to Japan and the U.S. will boost efforts to spur economic growth. The won trengthened against the dollar. 

Mario Draghi, president of the European Central Bank (ECB).  

European Central Bank President Mario Draghi pledged to preserve the euro, suggesting policy makers may intervene in bond markets. 


There’s a fear things are getting out of control, and so Draghi came out with a very strong statement in support of the market that they are going to do everything necessary to support the euro.


The ECB is under pressure to lower borrowing costs after three interest-rate cuts since November failed to stop bond yields rising to records in Spain and Italy, threatening the survival of the euro. 

INTERNATIONAL MARKET EVENING UPDATE AT 7:13 PM ON 26 JULY 2012

SHORT BANK NIFTY FUTURE AUG EXPIRY @................26 JULY 2012

SHORT BANK NIFTY FUTURE AUG EXPIRY @ 10295 - 10300, CMP @ 10295, STOP LOSS ABOVE @ 10350, TARGET @ 10210 - 10175. 

INTERNATIONAL MARKET EVENING UPDATE AT 5:40 PM.......25 JULY 2012

INTERNATIONAL MARKET EVENING UPDATE AT 5:40 PM IST ON 25 JULY 2012:-  


AMERICAN MARKET :-  


DOWJONS INDEX FUTURE @ 12628, +149 POINTS UP, +1% UP 
NASDAQ 100 FUTURE @ 2537.51, +19.63 POINTS UP, +0.76% UP 
S&P 500 FUTURE @ 1333.88, +12.25 POINTS UP, +0.94% UP  


EUROZONE MARKET :-  


FTSE 100 INDEX @ 5464, +22.00 POINTS UP, +0.39% UP 
DAX 30 FUTURES @ 6442.75, +76.25 POINTS UP, +1.19% UP 
CAC 40 INDEX FUTURE @ 3095.95, +31.75 POINTS UP, +1.03% UP 
EUR/USD @ 1.2134, +0.0075 POINTS UP, +0.61% UP  


BOND MARKET :-  


US NOTE @ $135.07, -0.32 POINTS DOWN, -0.24% DOWN 
US BOND @ $152.45, -0.76 POINTS DOWN, -0.50% DOWN  


COMMODITY MARKET :-  


GOLD (SPOT) @ $1594.18, +$13.13 UP, +0.82% UP 
CRUDE OIL @ $88.64, +$0.44 UP, +0.52% UP 
SILVER (SPOT) @ $27.13, +$0.16 UP, +0.50% UP   

ALERT :- Austrian Industrial Production (YoY) came @ 2.60%, Previous @ 1.50%...........25 JULY 2012

ALERT :- Austrian Industrial Production (YoY) came @ 2.60%, Previous @ 1.50%  


Note :- Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.  A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.

POSITIONAL CALL :- BUY MCX @ RS..............25 JULY 2012

POSITIONAL CALL :- BUY MCX @ RS. 1050 - 1055, CMP @ 1055, STOP LOSS BELOW @ 1000, TARGET @ RS. 1300.

TODAY ECONOMIC DATA..........25 JULY 2012

ECONOMIC DATA FROM EURO ZONE ON 25 JULY 2012 :-

  

1. German Ifo Business Climate Index  DATA WILL COME AT 4:00 AM NEW YORK TIME

FORECAST @ 104.7

PREVIOUS @ 105.3

NOTE :- The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

2. German Current Assessment DATA WILL COME AT 4:00 AM NEW YORK TIME

FORECAST @ 113.0

PREVIOUS @ 113.9

NOTE :- The German Current Assessment rates current business conditions in Germany, without considering future expectations. It is a sub-index of the German Ifo Business Climate Index.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

3. German Business Expectations DATA WILL COME AT 4:00 AM NEW YORK TIME

FORECAST @ 96.70

PREVIOUS @ 97.3

NOTE :- 

German Business Expectations rates the expectations of businesses in Germany for the following six months. It is is a sub-index of the German Ifo Business Climate Index. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

4. Italian Consumer Confidence DATA WILL COME AT 4:00 AM NEW YORK TIME

FORECAST @ 96.70

PREVIOUS @ 97.3

NOTE :- 

Italian Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

ECONOMIC DATA FROM UNITED STATES ON 25 JULY 2012 :-

       

1. New Home Sales DATA WILL COME AT 10:00 AM NEW YORK TIME

FORECAST @ 372K

PREVIOUS @ 369K

NOTE :- New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it's released ahead of Existing Home Sales because the reports are tightly correlated.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

2. Crude Oil Inventories DATA WILL COME AT 10:30 AM

FORECAST @ -0.650M

PREVIOUS @ -0.809M

NOTE :- The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation