For most of 2011, Microsoft (MSFT) oscillated within a horizontal channel with a lower bound in 23-24 range and upper bound in 27-28 range. There was false breakout in early 2011, but it did not last long and price fell back into the channel. Mr. Softy finally made a move to break out of this…
After making an all time low of 71.05 in April ’08, Dollar Index bounced back up to 89.25 by November ’08, retracing between 78.6% – to -89% of the drop from the previous high of 92.53 reached in November ’05, arguably, driven by the fear trade in the aftermath of ’08 financial crisis. For the…
Here is Wednesday morning read: China ‘big four’ bank loans drop in April (South China Morning Post) How Keynes would solve the eurozone crisis (Financial Times) Germany will blink, and won’t let Greece exit euro (Market Watch) Knives Are Out, But Will BHP and Rio Cut? (Deal Journal Australia) Politesse Trumps Policy as Hollande Meets…
Stock Trader’s Almanac provides very valuable analyses and interpretations of historical data. It has also developed many trading strategies based upon seasonal patterns in the commodities and equity markets. One such idea is a seasonal long trade in 30-Yr Bond starting in late April and holding for nearly four months. Buying Treasury bonds is a…
Here is the Tuesday morning read: Outlook darkens as China FDI drops (South China Morning Post) RBA ‘well placed’ to cut rates more (Sydney Morning Herald) Merkel Won’t Budge on Austerity Despite Setback (Spiegel Online) Another Earth Needed to Meet Humans’ Demand for Resources (Bloomberg) Greece May Have to Leave Euro Zone if It Can’t…
Robin Wells, economist and Paul Krugman co-author, writes: “[…] the heart of the problem lies in the political culture of Germany and the mindset of its political and economic elites, which have never been willing to admit to their own voters the sacrifices that must be undertaken in order to be the leader of Europe. Instead,…
It’s about time too. Infosys (INFY) is one of the bellwether IT companies of India. It is seeking European acquisitions to lift its value. Infosys, whose $4 billion cash pile is the biggest among India’s computer-services providers, said last month it’s looking for a European deal after its annual sales forecast trailed analysts’ estimates. ……
Here is what I am reading to start the week: Why We Regulate – Paul Krugman (The New Yor Times) How the euro volatility can hurt Asia (The South China Morning Post) Building a diversified income strategy with emerging markets (Emerging Money) The Mania for Fiscal Austerity, “Hard Money” Ideology, and Reification of the Money…
Van Eck doesn’t really break out the specific debt holdings in its Market Vectors Indian Rupee fund INR (quote), but it’s clear that the portfolio was structured better than India’s currency is faring in the money markets. The other rupee fund, WisdomTree’s ICN (quote), is in an equally impressive position, up 3.83% year to date.…
“The three nations are major traders, and together accounted for 19.6 per cent of global gross domestic product and 18.5 per cent of exports in 2010, according to a feasibility study issued by their governments last year on the trade pact.” ““China is the biggest trade partner of both Japan and South Korea. A free-trade…
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