Fri, 23rd June 2017

Anirudh Sethi Report


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Some Facts About Anirudh Sethi in Relate to www.AnirudhSethiReport.com

-AnirudhSethiReport is now owned by ANIRUDH SETHI  (Only Name been used by Real Owner )

-Twitter Id : anirudhsethi71 (Not owned by Anirudh Sethi )

-Anirudh Sethi :Has never Authored any Article in Relate to Indian Stocks/Indices /Commodities of Indian Stocks.

Yes ,Before Regulation came :



Focus by Anirudh Sethi was /Still there :To Track Global Economy ,Global Market ,Forex Market ,Global Commodity Market.

To Organize Seminars on TA/Trading Psychology.

Yes ,Members been made but for Global Market/Commodity Market/For Seminar purpose.

Not Any Where it is written :Anirudh Sethi says this :Buy /Sell or Hold !!

Not Any Where it is written :This is Official Twitter Trading Account of ANIRUDH SETHI

Every Important post is for Members & that too password protected.

Think it over…………………………………

By Banning Anirudh Sethi ,Readers/Traders :Don’t know Fact they just do BLA BLA.

For ANIRUDH SETHI name is important ,Across Globe people Recognise him by name not by Sensex/Nifty or Stocks.

In 2007 ,Focus was Technical Analysis ,Now also Focus is on TA :Already Boldly mentioned on 30th Dec 2013 & 25th Dec ’14 :Stopped writing about Stocks/Commodity.

George Soros on “Brexit In Reverse” – if all goes well UK & EU may remarry even before divorce

George Soros writes on the path he sees playing out on Brexit

  • Economic reality is beginning to catch up with the false hopes of many Britons
  • Wage growth in Britain is not keeping up with inflation … real incomes have begun to fall … households will soon realize that their living standards are falling … that they have become over-indebted and will have to deleverage …  the BoE has made the same mistake as the average household: it underestimated the impact of inflation and will now be catching up by raising interest rates in a pro-cyclical manner
  • The British are fast approaching the tipping point that characterizes all unsustainable economic trends
  • It May wants to remain in power, she must change her approach to the Brexit negotiations … there are signs that she is prepared to do so. … If May embraces such a platform …  Brexit would still take at least five years to complete, during which time new elections would take place. If all went well, the two parties might want to remarry even before they have divorced.
Soros is anti-Brexit, so is he just talking his book or is he onto something?

Barclays cuts its oil price forecasts

Barclays on shale oil & stubbornly high oil inventories. Neither is new news, but  nor are they aint going away soon.

Just the numbers? OK …
WTI forecasts (these in USD per barrel):
  • Q2 2017: 50
  • Q3 55
  • Q4 48
  • Q1 2018 48
  • Q2 56
  • Q3 58
  • Q4 55
  • Q2 2017 52
  • Q3 57
  • Q4 50
  • Q1 2018 51
  • Q2 58
  • Q3 60
  • Q4 58
Want MOAR? (The reasoning, OK …)
Of all the reasons for the recent sell-off, we believe the most viable relate to the perception of shale’s breakeven and stubbornly high inventories in the OECD.
  • A souring in long-term sentiment is driving prices lower.
  • We expect oil prices to move to the mid-$50s in the summer but then fall to a $50/bbl average in Q4 17 and Q1 18.
  • Many factors, including a weak gasoline demand reading, the return of African supplies, a disappointing OPEC meeting, Chinese economic concerns and stubbornly high inventories, have moved oil lower in the past two months. The most worrisome for market bulls, however, relates to the perception of shale’s breakeven.

Macquarie Warns OPEC Deal To Collapse In 2018

OPEC’s production cut deal is unlikely to survive beyond its current deadline in March 2018, with the agreement seen falling apart towards the middle of next year, in which case a huge amount of extra oil would hit the market, Ian Reid, head of European oil and gas research at Macquarie, told CNBC on Thursday.

OPEC’s deal has not had the cartel’s desired effect on the markets, neither in terms of oil prices nor in drawing down the global glut.

According to Reid, the volume of U.S. shale output is basically nullifying OPEC’s efforts.

Overnight US MARKET :Dow closed -13 points.S&P down 1 point

Nearly unchanged across the board….

The US stocks are ending the session little changed, but off the highs as well.
  • The S&P index is down -1.11 points or -0.05% at 2434.50. The high was 2441.62.
  • The Nasdaq is up 2.73 points or 0.04% at 6236.68. The high was up at 6257.68.
  • The Dow is ending down -12.74 points or -0.06% at 21397.29. The high reached 21456.

European Indices closed Mixed

German Dax is the biggest winner

The EU stocks have settled and the German Dax is the winner in a mixed day.
  • German Dax up 0.23% to 12804. The high reached 12805.  The low 12717.
  • France CAC up 0.10% to 5279. The high reached 5280. The low 5237
  • UK FTSe ends down -0.07% to 7443. The high reached 7448. The low 7398
  • Spain Ibex ends down -0.27% to 10711. The high reached 10718. The low 10641.
  • Italy’s FTSE Mib ends down -0.61% to 20943. The high reached 20978. The low 20842.
10 year yields are ending the day little changed from yesterday’s closing levels
  • Germany 0.253%, down -1.2 bp
  • France 0.599%, unchanged
  • Italy 1.905%, unchanged
  • Portugal 2.942%, up 2 bp
  • Spain 1.373%, unchanged
  • UK 1.014%, down 1.8 bp

Overnight US MARKET :Dow closed-57 points ,S&P down -1.42 ,Nasdaq up 46 points.

The Nasdaq stocks have been the underachievers of late.  There has been a rotation out of the tech stocks and a move into the more “industrial” sector.   That is not the case for today though.
In trading today:
  • The Dow 30 stocks were lower by -57.11 points or -0.27% to 21410. The high reached 21492. The low 21390.
  • The S&P was near unchanged at -1.42 points or -0.6% to 2435.61. It’s high reached 2442.23. The low 2430.74.
  • The Nasdaq was the big winner at +45.92 points or +0.74% to 6233.95. The high reached 6236.65. The low extended to 6200.86
Tech is back in vogue – at least for the day.
In the US debt market today:
  • 2 year 1.3481%, up 0.4 bp. The high reached 1.3604%. The low 1.3399%.
  • 5 year 1.773%, up 1 bp. The high reached 1.7848%. The low 1.7532%.
  • 10 year 2.1617%, up 0.5 bp. The high reached 2.1756%, The low 2.1425%.
  • 30 year 2.7281%, down -1.0 bp. The high reached 2.753%. The low 2.72%. This is the lowest since November 9th.
There are concerns about the flattening of the yield curve.
The yield curve flattens when the Fed raises rates in the short end and investors anticipate a recession or lower inflation in the future.
Inflation remains a concern for some Fed officials (and the market). Nevertheless, the Fed is also worried that if the economy goes into a recession, they won’t have tools to re-inflate unless they raise rates.   HMMMM. Quite a dilemma for the Fed.