General Trading Chat

[Somatung]

Well, every TA indicator will have to be fixed to the specific time frame and as shorter the time frame is, as less any body who really trades with money want to trade on them, expect a computer is doing the work. Now what would be left? Only PA.

 

[LivetoTrade]

Crude price slump a boon for India: RBI

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Somatung]

Oil and why does the price fall down at least for the moment?

Not sure if you have heard about the following, but it is told that Saudi Arabia wants to pull out the Amis and other oil producers from the market by provoking such a low price of oil.

Hmm, you probably say and think. You may even ask why and how?

Now let me ask this question: Who has the lowest production cost for oil and who has the most of it?

If I have the lowest production cost and even have the most of it, so which problems would I face to pull out every of my concurrent for a while from the market until it is no more rent-able for them to produce oil? Finally who would be left in this game and what possibilities would I have after I won this game for the moment?

 

[classifiedindian]

Oil and why does the price fall down at least for the moment?

Not sure if you have heard about the following, but it is told that Saudi Arabia wants to pull out the Amis and other oil producers from the market by provoking such a low price of oil.

Hmm, you probably say and think. You may even ask why and how?

Now let me ask this question: Who has the lowest production cost for oil and who has the most of it?

If I have the lowest production cost and even have the most of it, so which problems would I face to pull out every of my concurrent for a while from the market until it is no more rent-able for them to produce oil? Finally who would be left in this game and what possibilities would I have after I won this game for the moment?

I disagree, sir..

It is widely believed that Saudi Arabia has dwindling resources of oil. They may become an oil deficient country by 2030

mobile.bloomberg.com/news/2012-09-04/saudi-arabia-may-become-oil-importer-by-2030-citigroup-says-1-.html

So if they try to monopolize oil production, they will most certainly run out of oil much earlier than estimated

 

[sudoku1]

SGX Nifty 8412 . SGX ullu banawing desi traders ? pre President Obama Rally playing out. There is volatility but the trend is up.

Smart_trade

back 2 square 1...as DOW does a HEBDO stunt of mor den 800 points :-D

 

[lemondew]

Lets c if nifty opens in green as well

back 2 square 1...as DOW does a HEBDO stunt of mor den 800 points :-D

 

[LivetoTrade]

seems like a sideways move till the inflation data comes out at 12 !

 

[deneb]

ECB to hear today if bond-buying programme breaks law

The ECB will hear today if its bond-buying programme, known as Outright Monetary Transactions (OMT), is in danger of breaching EU law. The European Court of Justice will deliver an interim opinion on the legality of the programme.

An advocate general of the court will issue his opinion on the case which was referred to the EU court by the German constitutional court last year.

It concerns a case taken by a group of German citizens and the political party Die Linke against the German government for failing to take action against the ECB’s OMT plan.

Last year the German constitutional court, based in Karlsruhe, ruled the OMT should be considered illegal under European law unless restrictions were imposed, though it referred the case to the European Court of Justice (ECJ).

The OMT programme, which is widely credited with calming the euro zone debt crisis when it was announced by Mario Draghi in September 2012, involves the ECB buying the bonds of euro zone countries in a bailout programme.
Legal opinion
The timing of the legal opinion is sensitive, coming just over a week before the ECB’s next governing council meeting in Frankfurt at which it is expected the central bank may announce some form of full-scale quantitative easing.

While the OMT programme, which has never been deployed, is targeted at programme countries it is widely seen as a predecessor to a more wide-ranging quantitative easing, or bond-buying, scheme.

Today’s opinion is a non-binding decision, with a final decision expected in four to six months. The ECJ generally upholds the opinion of its advocate generals, but has in some cases disagreed with the original opinion.
Very relevant
Thomas Harjes of Barclays Research said the opinion was “very relevant” for any future broad-based ECB government bond purchase programme.

With inflation in the euro zone falling below zero last month, the ECB is facing pressure to announce a fresh stimulus when its governing council meets next Thursday in Frankfurt.

The meeting also takes place three days before the Greek election at which radical left party Syriza is expected to perform strongly. The party, led by Alexis Tspiras, has vowed to seek further debt restructuring for Greece. The country’s bailout programme is due to expire next month.

Germany remains opposed to a bond-buying plan.

This is the news to watch today. If it goes against ECB, things will be very interesting.

 

[sabharwal_RK]

seems like a sideways move till the inflation data comes out at 12 !

These days Nifty doesn't react much to WPI nos since RBI now looks at CPI numbers only....

 

[sudoku1]

These days Nifty doesn't react much to WPI nos since RBI now looks at CPI numbers only....

These days Nifty reacts acording 2 d positions of traders here