Sunday, August 19, 2012
Friday, August 17, 2012
TODAY ECONOMIC DATA FROM EURO ZONE AND UNITED STATES.......17 AUG 2012
ECONOMIC DATA FROM EURO ZONE ON 17 AUG 2012 :-
1. GERMAN PPI (MOM) - TIME :- 02:00 AM NEW YORK TIME
NOTE :- The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. 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 PPI (YOY) - TIME :- 2:00 AM NEW YORK TIME
NOTE :- The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. 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. CURRENT ACCOUNT - TIME :- 4:00 AM NEW YORK TIME
NOTE :- The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the exports the data can have a sizable affect on the EUR. 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. TRADE BALANCE - TIME :- 5:00 AM NEW YORK TIME
NOTE :- The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. 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 17 AUG 2012 :-
1. MICHIGAN CONSUMER SENTIMENT P - TIME :- 9:55 AM NEW YORK TIME
NOTE :- The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers. 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. MICHIGAN INFLATION EXPECTATIONS - TIME :- 9:55 AM NEW YORK TIME
NOTE :- University of Michigan (UoM) Inflation Expectations measures the percentage that consumers expect the price of goods and services to change during the next 12 months. There are two versions of this data released two weeks apart,Preliminary and Revised. The preliminary release is the earliest so tends to have more impact. 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.
3. CB LEADING INDEX (MOM) - TIME :- 10:00 AM NEW YORK TIME
NOTE :- The Conference Board (CB) Leading Index is a composite index based on 10 economic indicators, that is designed to predict the future direction of the economy. The report tends to have a limited impact because most of the indicators used in the calculation are released previously. 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.
Tuesday, August 14, 2012
RBI Governor Subbarao Says India Lacks Scope For Stimulus To Counter A Crisis ............14 AUG 2012
India has no space for economic stimulus to respond to a future crisis partly because it faces elevated inflation, central bank Governor Duvvuri Subbarao said.
“Inflation is high, oil prices though they have come off $100 a barrel are at elevated levels, the external sector is under stress,” Subbarao said in a speech in the southern Indian state of Kerala yesterday. “There is just no space for fiscal or monetary response.”
The Reserve Bank of India left interest rates unchanged in July, breaking with a wave of cuts in borrowing costs from China to Brazil as the global recovery falters. The pace of Indian price rises has held above 7 percent for most of 2011, stoked by food and energy costs and a drop in the rupee, curbing Subbarao’s scope to counter the slowest economic expansion in almost a decade.
“Some sacrifice in growth is inevitable and an unavoidable cost in bringing inflation down,” Subbarao said. Core inflation at 5 percent is “still quite high,” he also said.
The rupee has tumbled about 18 percent against the dollar in the past 12 months, making imports more expensive. It weakened 0.1 percent to 55.3438 per dollar at the 5 p.m. close in Mumbai yesterday. The BSE India Sensitive Index of stocks advanced 0.4 percent. The yield on the 8.15 percent government bond due June 2022 rose to 8.20 percent from 8.16 percent on Aug. 10.
The central bank kept its benchmark repurchase rate at 8 percent last month for a second meeting. Headline inflation probably exceeded 7 percent for a sixth straight month in July.
Growth in Asia’s third-largest economy slowed to 5.3 percent in the three months through March from a year earlier, the least since 2003.
“In other emerging economies, inflation has also come down,” Subbarao said. “In India, even as the growth has come down, our inflation has not come down. India is somewhat of an outlier in the world.”
At the same time, Subbarao also said that India’s long-term growth story remains credible.
RBI Governor Duvvuri Subbarao
The Reserve Bank of India left interest rates unchanged in July, breaking with a wave of cuts in borrowing costs from China to Brazil as the global recovery falters. The pace of Indian price rises has held above 7 percent for most of 2011, stoked by food and energy costs and a drop in the rupee, curbing Subbarao’s scope to counter the slowest economic expansion in almost a decade.
“Some sacrifice in growth is inevitable and an unavoidable cost in bringing inflation down,” Subbarao said. Core inflation at 5 percent is “still quite high,” he also said.
The rupee has tumbled about 18 percent against the dollar in the past 12 months, making imports more expensive. It weakened 0.1 percent to 55.3438 per dollar at the 5 p.m. close in Mumbai yesterday. The BSE India Sensitive Index of stocks advanced 0.4 percent. The yield on the 8.15 percent government bond due June 2022 rose to 8.20 percent from 8.16 percent on Aug. 10.
The central bank kept its benchmark repurchase rate at 8 percent last month for a second meeting. Headline inflation probably exceeded 7 percent for a sixth straight month in July.
Growth in Asia’s third-largest economy slowed to 5.3 percent in the three months through March from a year earlier, the least since 2003.
“In other emerging economies, inflation has also come down,” Subbarao said. “In India, even as the growth has come down, our inflation has not come down. India is somewhat of an outlier in the world.”
At the same time, Subbarao also said that India’s long-term growth story remains credible.
Monday, August 13, 2012
Italy Sells 8 Billion Euros Of Treasury Bills As Demand Rises ...........13 AUG 2012
Italy sold 8 billion euros ($9.9 billion) of Treasury bills as investor demand rose from a previous sale last month.
The Rome-based Treasury sold the 364-day bills at 2.767 percent, up from 2.697 percent at the last sale of similar- maturity debt on July 12. Investors bid 1.69 times the amount of bills offered, up from 1.55 times last month.
European Central Bank President Mario Draghi opened the door earlier this month to buying Spanish and Italian securities, along with the euro area’s bailout funds. While the announcement offered Europe an initial respite from the turmoil, Spanish and Italian yields rose last week on concern that the ECB’s plan won’t be sufficient to tame the region’s debt crisis.
“Demand held up well and borrowing costs more or less held steady, which, all things considered, is probably not a bad result,” Nicholas Spiro, managing director of Spiro Sovereign Strategy in London, said in an e-mailed comment.
The yield on Italy’s 10-year bond was little changed at 5.90 percent at 4:17 p.m. in Rome, leaving the difference with German bunds at 449.4 basis points.
Precarious Position Still, Spiro said Italy remains in a precarious position. “Not only are there significant concerns regarding the credibility and effectiveness of a revived bond-buying program for Spain and Italy, Rome is increasingly wary of requesting external assistance because of the stigma attached to any aid program.”
Italian Finance Minister Vittorio Grilli said the country doesn’t need to tap Europe’s bailout funds, la Repubblica reported yesterday, citing an interview. “The European Central Bank’s toolbox, once operative, will substantially reduce tension on bond spreads,” Grilli was quoted as saying. ECB bond purchases won’t solve Spain and Italy’s difficulties maintaining investor confidence, Luc Coene, the institute’s Governing Council member and Belgian central bank governor, said in an Aug. 11 interview with De Tijd and L’Echo. Grilli also told Repubblica that the government led by Prime Minister Mario Monti is studying all options to reduce the nation’s debt while ruling out a wealth tax and selling stakes in state-owned companies Finmeccanica SpA (FNC), Enel SpA (ENEL) and Eni SpA (ENI) at current market prices. Italian government debt reached a record 1.97 trillion euros at the end of June, the Bank of Italy said today in a public-finances report. Italy’s debt rose by 6.6 billion euros in June from the previous month.
The Rome-based Treasury sold the 364-day bills at 2.767 percent, up from 2.697 percent at the last sale of similar- maturity debt on July 12. Investors bid 1.69 times the amount of bills offered, up from 1.55 times last month.
European Central Bank President Mario Draghi opened the door earlier this month to buying Spanish and Italian securities, along with the euro area’s bailout funds. While the announcement offered Europe an initial respite from the turmoil, Spanish and Italian yields rose last week on concern that the ECB’s plan won’t be sufficient to tame the region’s debt crisis.
“Demand held up well and borrowing costs more or less held steady, which, all things considered, is probably not a bad result,” Nicholas Spiro, managing director of Spiro Sovereign Strategy in London, said in an e-mailed comment.
The yield on Italy’s 10-year bond was little changed at 5.90 percent at 4:17 p.m. in Rome, leaving the difference with German bunds at 449.4 basis points.
Precarious Position Still, Spiro said Italy remains in a precarious position. “Not only are there significant concerns regarding the credibility and effectiveness of a revived bond-buying program for Spain and Italy, Rome is increasingly wary of requesting external assistance because of the stigma attached to any aid program.”
Italian Finance Minister Vittorio Grilli said the country doesn’t need to tap Europe’s bailout funds, la Repubblica reported yesterday, citing an interview. “The European Central Bank’s toolbox, once operative, will substantially reduce tension on bond spreads,” Grilli was quoted as saying. ECB bond purchases won’t solve Spain and Italy’s difficulties maintaining investor confidence, Luc Coene, the institute’s Governing Council member and Belgian central bank governor, said in an Aug. 11 interview with De Tijd and L’Echo. Grilli also told Repubblica that the government led by Prime Minister Mario Monti is studying all options to reduce the nation’s debt while ruling out a wealth tax and selling stakes in state-owned companies Finmeccanica SpA (FNC), Enel SpA (ENEL) and Eni SpA (ENI) at current market prices. Italian government debt reached a record 1.97 trillion euros at the end of June, the Bank of Italy said today in a public-finances report. Italy’s debt rose by 6.6 billion euros in June from the previous month.
INTERNATIONAL MARKET MORNING UPDATE AT 8:40 AM ON 13.08.2012 ALERT :- AMERICAN MARKET :- DOWJONS INDEX FUTURE @ 13140, -25 POINTS DOWN, -0.19% DOWN NASDAQ INDEX FUTURE @ 2715.73, -5.50 POINTS DOWN, -0.21% DOWN S&P 500 INDEX FUTURE @ 1398.63, -3.12 POINTS DOWN, -0.22% DOWN EUROZONE MARKET :- FTSE 100 INDEX FUTURE @ 5833, -7.505 DOWN, -0.13% DOWN COMMODITY MARKET :- GOLD (SPOT) @ $1625, +$5.36 POINTS UP, +0.33% UP SILVER (SPOT) @ $28.20, +$0.08 POINTS UP, +0.28% UP COPPER @ 3.37, -0.59% DOWN BOND MARKET :- US BOND @ $148.93, +0.22% UP US NOTE @ $133.71, +0.08% UP
INTERNATIONAL MARKET MORNING UPDATE AT 8:40 AM ON 13.08.2012
ALERT :-
AMERICAN MARKET :-
DOWJONS INDEX FUTURE @ 13140, -25 POINTS DOWN, -0.19% DOWN
NASDAQ INDEX FUTURE @ 2715.73, -5.50 POINTS DOWN, -0.21% DOWN
S&P 500 INDEX FUTURE @ 1398.63, -3.12 POINTS DOWN, -0.22% DOWN
EUROZONE MARKET :-
FTSE 100 INDEX FUTURE @ 5833, -7.50 DOWN, -0.13% DOWN
COMMODITY MARKET :-
GOLD (SPOT) @ $1625, +$5.36 POINTS UP, +0.33% UP
SILVER (SPOT) @ $28.20, +$0.08 POINTS UP, +0.28% UP
COPPER @ 3.37, -0.59% DOWN
BOND MARKET :-
US BOND @ $148.93, +0.22% UP
US NOTE @ $133.71, +0.08% UP
ALERT :-
AMERICAN MARKET :-
DOWJONS INDEX FUTURE @ 13140, -25 POINTS DOWN, -0.19% DOWN
NASDAQ INDEX FUTURE @ 2715.73, -5.50 POINTS DOWN, -0.21% DOWN
S&P 500 INDEX FUTURE @ 1398.63, -3.12 POINTS DOWN, -0.22% DOWN
EUROZONE MARKET :-
FTSE 100 INDEX FUTURE @ 5833, -7.50 DOWN, -0.13% DOWN
COMMODITY MARKET :-
GOLD (SPOT) @ $1625, +$5.36 POINTS UP, +0.33% UP
SILVER (SPOT) @ $28.20, +$0.08 POINTS UP, +0.28% UP
COPPER @ 3.37, -0.59% DOWN
BOND MARKET :-
US BOND @ $148.93, +0.22% UP
US NOTE @ $133.71, +0.08% UP
Friday, August 10, 2012
POSITIONAL CALL :- BUY KFA @ @ 7.75, CMP @ 7.75, STOP LOSS BELOW @ 4.25, TARGET @ 18 - 25. NOTE :- COMPANY IS TRADING BELOW ITS FACE VALUE AND SOME POSITIVE ANNOUNCEMENT CAN BE SEEN IN COMING DAYS REGARDING STAKE BUYING BY SOME OTHER COMPANIES BECAUSE COMPANY IS LOOKING AT VERY ATTRACTIVE PRICE AND THE MAIN MOST IMPORTANT THING IS THAT KFA HAS STRONG EMPLOYEE BACKGROUND.
POSITIONAL CALL :-
BUY KFA @ @ 7.75, CMP @ 7.75, STOP LOSS BELOW @ 4.25, TARGET @ 18 - 25.
NOTE :- COMPANY IS TRADING BELOW ITS FACE VALUE AND SOME POSITIVE ANNOUNCEMENT CAN BE SEEN IN COMING DAYS REGARDING STAKE BUYING BY SOME OTHER COMPANIES BECAUSE COMPANY IS LOOKING AT VERY ATTRACTIVE PRICE AND THE MAIN MOST IMPORTANT THING IS THAT KFA HAS STRONG EMPLOYEE BACKGROUND.
BUY KFA @ @ 7.75, CMP @ 7.75, STOP LOSS BELOW @ 4.25, TARGET @ 18 - 25.
NOTE :- COMPANY IS TRADING BELOW ITS FACE VALUE AND SOME POSITIVE ANNOUNCEMENT CAN BE SEEN IN COMING DAYS REGARDING STAKE BUYING BY SOME OTHER COMPANIES BECAUSE COMPANY IS LOOKING AT VERY ATTRACTIVE PRICE AND THE MAIN MOST IMPORTANT THING IS THAT KFA HAS STRONG EMPLOYEE BACKGROUND.
Thursday, August 9, 2012
ALERT :- Slovakian Trade Balance came on 09 Aug 2012
ALERT :- Slovakian Trade Balance came on 09 Aug 2012
Actual 546.60M
Forecast 445.00M
Previous 534.10M
Note :- The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. 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.
Analysis :- Slovakia is one of the Euro zone country which has reported not only a very good number in its trade balance also shown a very good improvement in goods and services exported than imported. It is very good signal for Slovakia's economy and markets.
Actual 546.60M
Forecast 445.00M
Previous 534.10M
Note :- The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. 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.
Analysis :- Slovakia is one of the Euro zone country which has reported not only a very good number in its trade balance also shown a very good improvement in goods and services exported than imported. It is very good signal for Slovakia's economy and markets.
Indian Manufacturing Output (MoM) came on 09 Aug 2012
Indian Manufacturing Output (MoM) came on 09 Aug 2012 :-
Actual -3.20%
Previous 2.50%
Note :- Changes in the volume of the physical output of the nationl factories, mine and utilities are measured by the index of industrial production. The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.
Analysis :- Data came is negative @ -3.20% and lost its all positiveness in comparison to previous data which was @ 2.50% which is negative for the economy and market.
Actual -3.20%
Previous 2.50%
Note :- Changes in the volume of the physical output of the nationl factories, mine and utilities are measured by the index of industrial production. The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.
Analysis :- Data came is negative @ -3.20% and lost its all positiveness in comparison to previous data which was @ 2.50% which is negative for the economy and market.
Indian Industrial Production (YoY) came on 09 Aug 2012
Indian Industrial Production (YoY) came on 09 Aug 2012
Actual -1.8%
Forecast 1.0%
Previous 2.4%
Note :- Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
Analysis :- While forecast was @ 1.0% but data came in negative @ -1.8% and lost its all positiveness in comparison to previous data which was @ 2.4% which is negative for the economy and market.
Actual -1.8%
Forecast 1.0%
Previous 2.4%
Note :- Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
Analysis :- While forecast was @ 1.0% but data came in negative @ -1.8% and lost its all positiveness in comparison to previous data which was @ 2.4% which is negative for the economy and market.
Wednesday, August 8, 2012
1ST TARGET HIT IN SHORT BANK NIFTY FUTURE AUG EXPIRY @.............08 AUG 2012
SNAP SHOT OF SHORT BANK NIFTY CALL POSTED ON FACEBOOK AT 9:18 AM:-
INTERNATIONAL MARKET MORNING UPDATE AT 9:45 AM.........08 AUG 2012
INTERNATIONAL MARKET MORNING UPDATE AT 9:45 AM :-
AMERICAN MARKET :-
DOWJONS INDEX FUTURE @ 13102, -12 POINTS DOWN, -0.12% DOWN
S&P 500 INDEX FUTURE @ 1395.11, -1.75 POINTS DOWN, -0.13% DOWN
NASDAQ 100 INDEX FUTURE @ 2711.11, +1 POINTS UP, +0.04% UP
EUROZONE MARKET :-
FTSE 100 INDEX FUTURE @ 5783.50, -9 POINTS DOWN, -0.16% DOWN
CURRENCY MARKET :-
EUR/USD @ $1.2396, -0.02% DOWN
USD/INR @ 54.99, -0.04% DOWN
BOND MARKET :-
US NOTE @ $133.65, +0.07% UP
US BOND @ 148.80, +0.10% UP
COMMODITY MARKET :-
GOLD (SPOT) @ $1610.06, -0.10% DOWN
SILVER (SPOT) @ $27.97, -0.54% DOWN
CRUDE OIL @ $93.28, -0.25% DOWN
AMERICAN MARKET :-
DOWJONS INDEX FUTURE @ 13102, -12 POINTS DOWN, -0.12% DOWN
S&P 500 INDEX FUTURE @ 1395.11, -1.75 POINTS DOWN, -0.13% DOWN
NASDAQ 100 INDEX FUTURE @ 2711.11, +1 POINTS UP, +0.04% UP
EUROZONE MARKET :-
FTSE 100 INDEX FUTURE @ 5783.50, -9 POINTS DOWN, -0.16% DOWN
CURRENCY MARKET :-
EUR/USD @ $1.2396, -0.02% DOWN
USD/INR @ 54.99, -0.04% DOWN
BOND MARKET :-
US NOTE @ $133.65, +0.07% UP
US BOND @ 148.80, +0.10% UP
COMMODITY MARKET :-
GOLD (SPOT) @ $1610.06, -0.10% DOWN
SILVER (SPOT) @ $27.97, -0.54% DOWN
CRUDE OIL @ $93.28, -0.25% DOWN
Wednesday, August 1, 2012
ALERT :- INDIAN TRADE BALANCE CAME @ ............01 AUG 2012
ALERT :- INDIAN TRADE BALANCE CAME @ -10.3B, PREVIOUS @ -16.3B.
NOTE :- The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. A higher than expected reading should be taken as positive/bullish for the INR, while a lower than expected reading should be taken as negative/bearish for the INR
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