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Thu, 30th June 2016

Anirudh Sethi Report

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Spare 5-7 minutes & Read Some Facts

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 :

http://www.anirudhsethireport.com/good-things-must-come-end-eyes-30th-dec-2013/

http://www.anirudhsethireport.com/without-reason-nothing-happens-watch-25th-dec14/

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.

IMF: UK needs ‘smooth’ Brexit transition

The International Monetary Fund has called on the UK and EU to work towards a “smooth and predictable transition” as Britain negotiates its exit from the bloc.

Warning that the UK’s EU exit has created “significant uncertainty” for Britain and the wider global economy, the IMF said the fall out from the referendum would dampen near-term economic growth.

Speaking in Washington today, IMF spokesman Gerry Rice said there would be a “prolonged period of uncertainty” emanating from the vote.

In the run up to the referendum, the IMF has made consistent warnings about the economic and political threats from a “Brexit”.

Commenting after the result, Mr Rice said the UK economy could be hit as the fallout from the vote could lead to “associated declines in consumer and business confidence, which would mean even lower growth”.

The fund said it would provide a full update on the consequences in its World Economic Outlook released in July.

In the meantime, policymakers should “do everything they can to mitigate” the impact, said Mr Rice, praising efforts from the Bank of England and European Central Bank, which have pledged additional liquidity to global markets if necessary.

June OPEC production rose 250K bpd to record – survey

Key survey shows rising production

OPEC production hit an all-time record in June, climbing 250,000 barrels per day to 32.82 mbpd. It was underpinned by production rises in Nigeria but Iran, Saudi Arabia and UAE also contributed.

Lower production numbers were reported in Iraq and Venezuela.

The numbers are from the Reuters survey which is the benchmark.

ALERT- Crude Prices Poised to Spike as Norwegian Oil Industry Gears Up for Strike

Oil and gas company Statoil gas processing and CO2 removal platform Sleipner T is pictured in the offshore near the Stavanger, Norway.On Thursday, representatives of Norwegian oil and gas companies and trade unions commenced negotiations aimed to avert a potential strike of at least 755 industry workers.

The strike might begin as soon as on Saturday unless an agreement is reached, pushing international oil prices well above $50/bbl as Norway’s oil output could decrease by 285,000 bpd, according to estimates by Norwegian Oil and Gas Association (NOG).

The strike could affect at least seven oil and natural gas fields. The unions are demanding a new wage agreement, as the industry workers have faced decreases in their disposable incomes in the past twelve months amidst a slump in Norwegian krone’s FX rate caused by cheaper oil. The fields affected contribute roughly 18 percent to the nation’s oil production and about 17 percent of natural gas output.

Five companies, including ExxonMobil, Engie, and BASF-owned Wintershall, operate the affected oilfields. Given the volatility of the overall situation, the strike, if commenced, might spread to other oilfields, thus triggering greater short-term declines in production.

Oil prices are bound to soar within a very short period of time in such a scenario, as Norway is the largest oil producer in the North Sea region. Norway produces some 1.6 bln barrels of oil per day, and also was the world’s 15th biggest oil supplier in 2014.

George Soros: Brexit Has “Unleashed” A Financial Crisis Similar to 2008

Prior to the Brexit vote, George Soros was one of the notable names who came out to implore the voters to decide to remain in the EU. At that time, Soros took scaremongering to a new level by writing an op-ed titled “The Brexit crash will make all of you poorer – be warned.” Following the referendum, Soros came back to write “the catastrophic scenario that many feared has materialized, making the disintegration of the EU practically irreversible.”

In remarks made to the European Parliament in Brussels on Thursday, Soros made yet another round of dramatic statements. Expanding on comments made over the weekend about the “inevitable disintegration” of the EU, Soros said Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008.

“This has been unfolding in slow motion, but Brexit will accelerate it. It is likely to reinforce the deflationary trends that were already prevalent,” the billionaire investor said on Thursday.

Leading Brexiter Boris Johnson says he won’t run for prime minister

The race to become Britain’s next prime minister took a surprise twist Thursday as leading Brexit campaigner Boris Johnson, considered a favorite to replace the outgoing David Cameron, announced that he would not be running.

After outlining the demands of the role to a room full of journalists in London, Johnson announced: “Having consulted colleagues and in view of the circumstances in Parliament, I have concluded that that person cannot be me.”
The Conservative MP and former London mayor was a prominent voice in the campaign to lead Britain out of the European Union — an endeavor many saw as partly an effort to position himself as the future leader of the ruling Conservative Party, and of the country.
But having spearheaded the Leave campaign to an unexpected 52% victory last week, the colorful politician — living up to his reputation as a political maverick — has decided not to run.

RBI eases rules for external commercial borrowings

Indian companies will need to submit for approval plans to issue external commercial borrowings only when they are above a certain threshold limit to be fixed from time to time, the Reserve Bank of India said on Thursday.

The decision was taken “with a view to rationalizing and expediting the process of giving approval,” the RBI said in a statement.

Previously, all ECBs under the approval route needed prior RBI approval. Reuters

Three-year term is short for RBI Governor: Rajan

Reserve Bank of India (RBI) Governor Raghuram Rajan, whose three-year term comes to an end in nine weeks, on Thursday pitched for a longer tenure for the central bank head, saying the global practice has to be emulated in India as well.

Rajan, who briefed Parliament’s Standing Committee of Finance on various aspects of economy and nonperforming asset (NPA) in banks, was asked by members on what should be the tenure of the RBI Governor, sources said.
He told the members that a three-year term is “short”.

On whether it should be five years, Rajan is believed to have cited the case of US Federal Reserve.

In the US Fed, in addition to serving as members of the Board, the Chairman and Vice-Chairman serve terms of four years and may be reappointed to those roles who in turn serve until their terms as Governors expire.

Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.