1-150

 

 

 

UK house prices unexpectedly fell 0.2 per cent in September, according to the closely watched Nationwide index, as signs mount that the froth is coming out of the country’s property market.

This is the first fall for the Nationwide House Price Index since April 2013, below the 0.5 per cent increase expected by economists polled by Reuters and the 0.8 per cent rise in August.

Year-on-year house prices rose 9.4 per cent, also below expectations of 10.4 per cent and last month’s 11 per cent.

Here’s the Nationwide table:

  • -137.12
  • open 16252.72
  • high 16252.72
  • low 16058.72
  • USDJPY 109.36

JAIN-05

JAIN05

Worst is over…………………..Yes ,Open Challenge !

Now at 83.25 level.

Nonstop Rally upto 88————-91————-95+ 

Buy 90—95-100 Call and Forget !

2 Big NEWS on card ,One From Country “I “……………..Modi had Met Him Yesterday !

CC people Now Buying Heavily………………….Let’s see BLAST BLAST !

NEWS we will tell to our Subscribers and want it should flash on TV too.

 

As Bloomberg reports, China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency… 

The euro will become the sixth major currency to be exchangeable directly for yuan in Shanghai, joining the U.S., Australian and New Zealand dollars, the British pound and the Japanese yen. The yuan ranked seventh for global payments in August and more than one-third of the world’s financial institutions have used it for transfers to China and Hong Kong, the Society for Worldwide International Financial Telecommunications said last week.

 

“It’s a fresh step forward in China’s yuan internationalization,” said Liu Dongliang, an analyst with China Merchants Bank Co. in Shenzhen.

 

The move will lower transaction costs and so make yuan and euros more attractive to conduct bilateral trade and investment, the People’s Bank of China said today in a statement on its website. HSBC Holdings Plc said separately it has received regulatory approval to be one of the first market makers when trading begins in China’s domestic market.

 

 

>> Read More

RBI-POLICY-3009

Monetary and Liquidity Measures

On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to:

  • keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent;
  • keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL);
  • reduce the liquidity provided under the export credit refinance (ECR) facility from 32 per cent of eligible export credit outstanding to 15 per cent with effect from October 10, 2014;
  • continue to provide liquidity under overnight repos at 0.25 per cent of bank-wise NDTL at the LAF repo rate and liquidity under 7-day and 14-day term repos of up to 0.75 per cent of NDTL of the banking system through auctions; and
  • continue with daily one-day term repos and reverse repos to smooth liquidity.

Consequently, the reverse repo rate under the LAF will remain unchanged at 7.0 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 9.0 per cent. >> Read More

As if the fast degenerating geo-political situation isn’t bad enough, here’s another lorry load of concerns to add to the pile.

The UK and US economies may be on the mend at last, but that’s not the pattern elsewhere. On a global level, growth is being steadily drowned under a rising tide of debt, threatening renewed financial crisis, a continued squeeze to living standards, and eventual mass default.

I exaggerate only a little in depicting this apocalyptic view of the future as the conclusion of the latest “Geneva Report”, an annual assessment informed by a top drawer conference of leading decision makers and economic thinkers of the big challenges facing the global economy.

Aptly titled “Deleveraging? What Deleveraging?”, the report points out that, far from paying down debt since the financial crisis of 2008/9, the world economy as a whole has in fact geared up even further. The raw numbers make explosive reading.

Contrary to widely held assumptions, the world has not yet begun to de-lever. In fact global debt-to-GDP – public and private non financial debt – is still growing, breaking new highs by the month.

>> Read More

Goldman Sachs: the secret tapes

30 September 2014 - 10:30 am
 

Probably most people would agree that the people paid by the US government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it; and the ever-more common practice among regulators of leaving their government jobs for much higher-paying jobs at the very banks they were once meant to regulate.

Wall Street’s regulators are people who are paid by Wall Street to accept Wall Street’s explanations of itself.

Our financial regulatory system is obviously dysfunctional. But because the subject is so tedious, and the details so complicated, the public doesn’t pay it much attention.

That may very well change after the investigative newsroom ProPublica and the radio show This American Life aired a jaw-dropping story about Wall Street regulation. The reporter, Jake Bernstein, has obtained 46 hours of tape recordings, made secretly by a Federal Reserve employee, of conversations within the Fed and between the Fed and Goldman Sachs. >> Read More

jj

 

bullet-asr

MRF

 

Now at 32650 level.

Triangle lovers will see ……………………BLAST !

Triangle Breakout at 31864 +2000 =33864 level very soon !

Yes ,Today Fresh Upmove had started !

More Details to our Subscribers ,UPDATED at 10:20/30th Sept/Baroda

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Technically Yours,
Team ASR,
Baroda, India.