Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: empanelment :: cpt :: VAT RATES :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: VAT Audit :: due date for vat payment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India
 
 
Forex »
 Perils of an ad hoc forex policy
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
 Rupee strengthened by 7 paise against dollar
 Rupee up by 4 paise against dollar in early trade
 Rupee falls by 18 paise at 4-week low against dollar
 Rupee drops on weak shares; inflation eyed
 Rupee raises 6 paise against dollar in early trade
 Rupee among most traded in futures market
 Indian rupee gain 12 paise against US dollar
 Rupee marginally rise up by 1 paise against US dollar
 Rupee drops tracking euro, choppy shares

Forex Asian Session Recap January 27th
January, 27th 2010

European stocks look likely to open lower this morning.

Reports of central bank buying interest lined up at 1.4040 down to 1.4000. Stops below 1.4030 with option protection at 1.4000 and more stops below. Good bids again at 1.3970 and stops below 1.3950 on the EUR/USD. The higher CPI data from Australia helped propel the AUD/USD to a high of .9045, majority of retail traders are already long on this pair.

Traders are now expecting the RBA to increase interest rate to 4% next month, given that the inflationary data is in line with the RBA tolerance level, it will be interesting to see if they do. A rise in the interest rate should fuel the carry trade. The MD of Pimco says the safest choices for bonds are Canada, Australia, the Scandinavian countries plus Germany and Holland.

The PIGS are to be avoided as are the US, UK, France and Japan. He also sees much better investment conditions in the emerging powers like India, China and Brazil. He saves some particularly savage words for UK gilts, which are nesting on a bed of nitroglycerin and are a must avoid. China's ICBC (Industrial and Commercial Bank of China) has said that the lending surge has eased in last 10 days, any more news about China reining in stimulus will boost the dollar.

Ben Bernanke is set to be confirmed on Thursday for another term as the chairman for the US Federal Reserve, after much uncertainty for the past week. Fridays US GDP report is this weeks last major news event, I believe that market expectations are a little high, and that the report will disappoint. Considering that yesterdays GDP report for the UK failed to met market expectations and that US economic data for December has been extremely weak.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions