Fitch Ratings warns of U.S. credit downgrade from fiscal cliff

Fitch Ratings said that there would be "no fiscal honeymoon" for President Obama, warning early Wednesday that the U.S. probably would lose its AAA credit rating if theWhite House and Congress don't address looming tax increases, spending cuts and the fast-approaching debt ceiling


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Recent gold stock breakout just the beginning

In the first decade of this century, the Van Eck International Investors Gold Fund gave its investors an annualized average return of about 25%

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USA to leave Saudi Arabia behind in terms of crude production

The U.S. Department of Energy recently released a message stating that in 2012 oil production in the country will increase by seven percent. America is opening up its resources and reviewing its energy policy

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Festival Gold Buying Picks Up in India

Indians are buying gold again, stocking up on jewelry during the festival season thanks in part to prices that have come off record levels, said the chairman of the country's largest gold importer, state-run MMTC Ltd

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Oil near $85, before U.S. vote and China parley

Crude-oil futures rose gently Monday as traders continued to assess energy demand following Hurricane Sandy and anxiously awaited the U.S. presidential election and a meeting of China’s leadership

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Heritage Bank of Florida Closed By Regulators

Heritage Bank of Florida, Lutz, Florida, was closed
today by the Florida Office of Financial Regulation and the FDIC was appointed
as receiver. The failed bank was taken over by Centennial Bank, Conway,
Arkansas, under a purchase and assumption agreement with the FDIC

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Heritage Bank of Florida Closed By Regulators

Heritage Bank of Florida, Lutz, Florida, was closed
today by the Florida Office of Financial Regulation and the FDIC was appointed
as receiver. The failed bank was taken over by Centennial Bank, Conway,
Arkansas, under a purchase and assumption agreement with the FDIC

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INR Update

International oil prices and rupee exchange rate have been moving in opposite directions, thus denying the benefit of drop in rates of crude in the international market to the Indian consumers, revealed an Assocham study


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Crude Oil Update

The nation's crude oil supplies fell slightly last week, the government said Wednesday

US crude oil supplies shrank by 100,000 barrels

Energy Update

Hold buying in Crude Oil avoid fresh buying but make sure to create buying Position If, Crude Oil trades above 5560/- INR with S/L of 5520/- INR (CMP-5504/- INR)

Disclaimer

Energy Update

You might see rally in crude oil as the landing cost in India is very close to 110$ per barrel & in Nymex it is trading around 105$ per barrel so, we are at the premium of 5$ per barrel So, holding buy call with strict S/L is needed if the spread ranges in between 5-10$ per barrel but if spread moves towards discount then exit all buy calls


Disclaimer

Metal Update

Gold is hovering around 28,000/- from last few days So, you might find uni-directional trend in Gold. Sell on rise is the policy which is to be adopted for Long term investment plan.

Disclaimer at

Happy & Colorful Holi

Happy Holi

"Kanha ne radha sang kheli holi, rango se mast hui gwalo ki toli apki bhi bhar jaye khushiyo se jholi, hamari taraf se aapko
Happy and Colorful Holi"

crops battle with SA rain, euro debt fears

Agricultural commodities had good reason to drop on Thursday, with ideas that rain relief next week for  Argentine crops will prove more significant than had been thought.

Furthermore, outside markets were broadly a little negative, as eurozone debt concerns reasserted themselves. Greece warned it may default in March unless unions agree further salary cuts, while Spain has unveiled plans for an extra E50bn in bank provisions.

Shares eased in early deals in Europe, notably in Spain, where they fell 1.2%

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Eurozone crisis, MF Global chill trading at CME Group

CME Group and IntercontinentalExchange said on Wednesday that trading volume dropped last month, which analysts attributed to MF Global’s collapse and Europe’s debt crisis chilling trading in U.S. futures markets

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As food prices turn negative, PMEAC says times now favour rate cuts

“The environment appears to be in favour of the Reserve Bank of India reversing its monetary policy stance,” PMEAC C Rangarajan said while commenting on food inflation which has turned negative to (-) 3.36% for the week ended 24th December


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India Food Prices Fall, Giving RBI Some Policy Leeway

India's food prices fell in late December, the first on-year drop in several years, giving the central bank some breathing space to consider reversing its tight policy stance

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Rupee stability main concern for RBI: Gokarn

Following the slide of the rupee to 53.04 to a dollar after closing at 52.97 on Wednesday, the Reserve Bank of India’s, Deputy Governor Subir Gokarn said that the stability of the rupee is the main concern for the central bank

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£2.5 Billion Boost to UK Economy through Renewable Investment

The British Department of Energy and Climate Change (DECC) released new numbers late last week showing that companies have invested £2.5 billion ($3.9 billion) into renewable energy projects across the United
Kingdom so far this financial year, an investment which has the potential to create almost 12,000 jobs across the country

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MGEX Records Second Best Annual Volume in History

The Minneapolis Grain Exchange announced total Hard Red Spring Wheat futures and options trading volume reached 1,775,646 contracts, the second highest annual volume in the 130 year history of MGEX, and a three percent increase over 2010




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Central banks are part of the state

Hungary's government is staging a standoff with the European Union about the constitutional role of its central bank. And conservatives everywhere are relooking at the role of central banks as they morph from lenders of last resort to effectively underwriting - some say controlling - fiscal policy.

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