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OPEN: 55.3175 HIGH: 55.5725 LOW: 55.3175 CLOSE: 55.5450 USD/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS MCX tips| Commodity tips

OPEN: 55.4200 HIGH: 55.4200 LOW: 55.1100 CLOSE: 55.2550 USD/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS MCX tips| Commodity tips

OPEN: 55.4775 HIGH: 55.6000 LOW: 55.3700 CLOSE: 55.5250 • USD/INR LOOKS DOWNWARDS • TREND: BEARISH • STRATEGY: SELL ON RISE MCX tips| Commodity tips

OPEN: 30093 HIGH: 30150 LOW: 29950 CLOSE: 30005 GOLD LOOKS BULLISH TREND: UPWARDS STRATEGY: BUY ON DIPS. MCX tips| Commodity tips

Asian markets traded with a negative bias today mainly on the back of weak manufacturing data from China, which expanded at the slowest pace in eight months. China’s manufacturing Purchasing Managers' Index (PMI) slipped to 50.1-mark in July from the prior level of 50.2 in June, while the...

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Currencies: 22Mar Modest US Dollar strength is coming mostly from the “commodiity currencies” on slowing Chinese economic data. However, most of the majors are in “mean reversion” mode and taking a break from recent moves higher. Volumes have bee dropping, keeping with the consolidation...

Currencies: 08Mar With the Greek debt-swap situation apparently going swimmingly, risk-on is back in vogue, especially in anti-USD trades, Gold, and Equities. News reports that the ECB is staying put with its key interest rate added tot his dynamic. Then the rise in US Jobless Claims took a bit...

Metals: Gold: 28Feb Watch today’s break out above last Thursday’s high of 1789.5. If it can’t sustain the move, it may be entering a consolidation phase. Resistance should be offered at the psychological 1800 level, which aligns with the November high at 1804. We continue to track the...

Currencies: 15Feb The action for the last week or so has shifted the previously positive anti-Dollar trade the other direction. Unless an atypical move is due, the FX markets should stay in the current positive Dollar/negative other bias for several weeks. Volumes seem to be holding up strongly...

08Feb Attention remains focused on news flow from Europe as the world awaits some kind of indication about how Greece, and the rest of Europe will run between the raindrops in their sovereign debt crisis. While the specifics throughout the region may be a bit different, the overall dynamic is...

U.S. stocks retreated, ending a five‐day advance in the S&P’s 500 Index, amid a stalemate between European finance ministers and Greek bondholders over how to resolve the nation’s debt crisis. http://www.nirmalbang.com/Upload/Daily%20Report%20-%20250112.pdf

US stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis. http://www.nirmalbang.com/Upload/Daily%20Report%20-%20190112.pdf

Asian stocks rose after a report that showed China’s economy is slowing boosted speculation the government may take extra measures to spur growth amid concerns about Europe’s debt crisis. http://www.nirmalbang.com/Upload/Daily%20Report%20-%20170112.pdf

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a fourth day, as a drop in borrowing costs at auctions in Europe overshadowed disappointing American jobless claims and retail sales data. http://www.nirmalbang.com/Upload/Daily%20Report%20-%20130112.pdf

10Jan The possibility of Chinese intervening to spur economic growth and Fitch’s less negative outlook on Europe underpinned yesterday’s rally in most of the physical markets we track. However, they are lagging our Overbot Equity sector while the EuroFX is looking lonely, extending its stay on...

U.S. stocks rose, sending the S&P’s 500 Index to its highest level since July, amid bets that China may act to spur economic growth. http://www.nirmalbang.com/Upload/Daily%20Report%20-%20110112.pdf