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State of the market march 08 2015

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State of Global Financial Markets

Published in: Economy & Finance
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State of the market march 08 2015

  1. 1. State of the Global Financial Market Deepak Singh Twitter: smarket March 08 2015
  2. 2. What happened this week? For 12 months in a row, the United States has added at least 200,000 jobs — a sustained pace of hiring unmatched since 1994 and 1995 US economy added 295000 jobs in Feb. Sharp rally in USD index Sharp rise in 10 year Yields
  3. 3. Fear Factor US economy added 295000 jobs in Feb. Rate Hike Fears Fed will raise interest rates in the near future Strong Dollar = Lower Corporate Earnings
  4. 4. Sharp Sell off in US stocks Is it going to be big correction?
  5. 5. This week: NASDAQ touched 5K Last time NASDAQ touched 5000 was on March 10 2000. It took 15 yrs to reclaim this level
  6. 6. USD Index: Driver
  7. 7. Gold: Hit by Strong Dollar Gold broke down below $1550 in April 2013 and since then the trend has been down
  8. 8. Gold Slide I made a year back
  9. 9. Silver: Downtrend Continues In downtrend – every support gets broken. Silver broke down below 18.78 and has sustained below it
  10. 10. Brent Crude done with rally Brent has created a technical bottom at $45 but upside appears limited
  11. 11. Sugar Prices at 5 year low No sign of turnaround
  12. 12. Can China breakout > 3400?
  13. 13. Nifty – Post Budget week Nifty looks overextended on chart…due for pullback?
  14. 14. Nifty at 9000?
  15. 15. The Currency Market INR, USD, EURO, YEN
  16. 16. USDINR If you consider the extent of USD index rally since Sep 2014 – INR has done very well… INR has depreciated 3% against US dollar since Sep 01 2014
  17. 17. Australian Dollar (AUDUSD) AUD has depreciated 17% against USD since Sep 01 2014 INR has appreciated 14.3% against Australian dollar since Sep 01 2014
  18. 18. Singapore USD (USDSGD) Singapore Dollar has depreciated 11% against USD since Sep 01 2014 INR has appreciated 6% against Singapore dollar since Sep 01 2014
  19. 19. Japanese Yen USD (USDJPY) Japanese Yen has depreciated 16% against USD since Sep 01 2014 INR has appreciated 13% against Japanese Yen since Sep 01 2014
  20. 20. Euro (EURUSD) Euro has depreciated 17.5% against USD since Sep 01 2014 INR has appreciated 14.7% against Euro since Sep 01 2014
  21. 21. Summary Chart Currency INR Strength/Weakness* (Since Sep 01 2014) USD Lost 3% in Value Japanese Yen Gained 13% in Value Euro Gained 14.7% in Value British Pound Gained 6.5% in Value Australian Dollar Gained 14.3% in Value Singapore USD Gained 6% in Value * As of March 08 2015

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