An intra week update on my forex portfolio. I have rarely done that but I guess a few things changed in Asian session which necessiated a change.
Changes:
- Silver has been reduced dramatically as there still seems to be huge amount of supply overhang. Now it is only 5% of portfolio at an average cost [...]
Super Investment Opportunity: Indian Power Sector | read this item
If you are a long term investor who love to put his money to work, then there is no better place than the Indian power sector.
Over the Eleventh and Twelfth plans (FY07-17), India targets to add ~170 GW, creating huge investment opportunities across the power value chain. Assuming a rough cut capex of INR 50 [...]
EUR/GBP will be a key pair to watch. I have strong feeling and some rumours that EUR/GBP will be making a super move in Dec.
Traditionally EUR/GBP makes it big moves in dec. Its either up or down but it will move. I think moving down is virtually impossible. Last Dec EUR/GBP made a 20% [...]
Nuclear radiation at India Kaiga Plant | read this item
For all the security arrangements at India nuclear facilities, this is a glaring failure. It should be taken up not just by Indian government but also all the governments who are rushing to sign billion dollar nuclear contracts under the “India US civil Nuclear deal”.
About 20 employees working in Kaiga Nuclear Power Plant in [...]
Make no mistake. Ben Bernanke will fight and fight violently if the need arises. It is only a few weeks past since a congressional provision to audit FED decision has been passed. The mighty FED has started to feel the heat.
There have been many occassions in the past when FED’s independence has been threatened but [...]
China EU seen together more often | read this item
Well there has been a lot of talk about G2 (defined traditionally as US and China) but there is room to have a new definition for G2 defined as EU and China. EU trade has been booming. China has shown tremendous appetite to start diversifying its surplus of US treasury into GOLD and EURO. I [...]
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Summary View:
Monday
Chicago PMI
9:45 AM ET
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
Farm Prices
3:00 PM ET
Tuesday
Motor Vehicle Sales
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
ISM Mfg Index
10:00 AM ET
Construction Spending
10:00 AM ET
Pending Home Sales Index
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
Charles Plosser Speaks
12:20 PM ET
Wednesday
MBA Purchase Applications
7:00 AM [...]
The FDIC now puts the number of troubled banks up to 552. We all know by now that the metrics that measure this are designed to be passed, and very hard to fail. But still, the new number is quite high and likely understated by 100% on the very conservative side.
The FDIC is [...]
Make no mistake. Ben Bernanke will fight and fight violently if the need arises. It is only a few weeks past since a congressional provision to audit FED decision has been passed. The mighty FED has started to feel the heat.
There have been many occassions in the past when FED’s independence has been threatened but [...]
Super Investment Opportunity: Indian Power Sector | 
FII Inflows and Indian Rupee | 
Week calendar | 
