Today's Buy Levels

Status
Not open for further replies.
Bad CPI number means less inflationary pressure, and this eases the FED worries regarding inflation that might prevent them from further rate cuts. This usually gives a positive sign for the equity market, and the stocks start to rally, increasing the demand for the US dollar (to buy stocks), which usually strengthens U/J, and this will of course strengthens the beast (G/J) by pushing the value of the Yen down.

And we did have a bad cpi on friday.
 
Bad CPI number means less inflationary pressure, and this eases the FED worries regarding inflation that might prevent them from further rate cuts. This usually gives a positive sign for the equity market, and the stocks start to rally, increasing the demand for the US dollar (to buy stocks), which usually strengthens U/J, and this will of course strengthens the beast (G/J) by pushing the value of the Yen down.

And we did have a bad cpi on friday.
Nothing will stop the fed from cutting on Tuesday. It's a toss between 75 and 100bps. 75bps has been priced in the system.
 
U

uasish

Guest
anujbhatia,

The attached Power Grid 60 mins has Trend Line points,which can work as Resistance & Support.
On the Upper pane you may find a Statistical inference drawn from the Database.Where the Last Red (1) is occurence of an expected Up-move,the Last but one Red (1) denotes the No of time it Failed to move Up in Past, inspite of giving an Up signal.
The total Up & Down signal in database is 10 times out of which Up signal was 5 times.
Hence till now the Failure rate is 1 in 5.

Asish

N.B. As Cash has more Data hence i used that than Future,hope you may derive the corresponding Future's Price.
 
Last edited by a moderator:
Status
Not open for further replies.

Similar threads