Oct, 26, 2017 By Vikram Murarka 0 comments
Our apologies that we were unable to publish this report in October 2017. In our last report dated 04-Sep-17, we said, “We remain cautious on the Dow and Sensex and bullish on the Shanghai, which is likely to outperform both.” We have been surprised by the continued strength in Dow Jones (23329) which has broken well above 22500 instead of starting a decline towards 20000. The Sensex (33056) has also moved up from 31809 instead of falling towards 30000. Thankfully, our bullishness on the Shanghai paid off a bit, although it could not compensate for our bearishness on the Dow and on the Sensex.
While we have been surprised by the continued bullishness in global Equities in the last couple of months, we still see limited upside over the next month or two and still see chances of a corrective fall thereafter.
In our last report (23-Feb-24, US10Yr @ 4.25%), we had laid out our near term view (that the ongoing rise in the US10Yr may/ may not extend up to 4.5%), our medium term view (that the US10Yr can still fall to 3.5%) and our long term view of a rise towards 5.0% and higher going into 2025. …. Read More
After breaking above the earlier range of $70-85, Brent has moved up higher. Will it sustain and break above $90? Or will it fall back to $80/70? … Read More
Euro could not move above 1.0981 in March and has been trading well below 1.10 post the surprise rate cut by SNB last month. Will Euro continue to trade below 1.10? Or can it remain stable for a while and show a sharp breakout above 1.10? ……. Read More
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Our March ’24 Monthly Dollar-Rupee Forecast is now available. To order a PAID copy, please click here and take a trial of our service.