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Written by George Albert
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Written for First Post June 23, 2012 - The rupee ignored inter market correlations to the US Dollar and global equities to make new lows against major currencies, despite the Reserve Bank's resolve to stay firm. The price action of the Rupee shows that the long term secular weakness of the INR cannot be solved by RBI alone, let alone a single monetary policy. |
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Written by George Albert
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Written for First Post June 9, 2012: The dollar rally paused this week as prices hit a previous sell off point reducing the appetite for safe havens, which led to a rally in the equity markets. Unless the Dollar sells off a continuation of the equity rally is in doubt. |
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Written by George Albert
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Written for First Post January 7, 2012: The dollar bears have failed to push the greenback down for nearly three weeks, increasing the prospect of a further rally that does not augur well for equities and the Indian Rupee. |
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Written by George Albert
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Written for First Post December 17, 2011: The US Dollar has reached a long term area of resistance which is likely to end the greenback's rally and result in a reversal or a at least a correction. |
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Written by George Albert
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Written for First Post December 10, 2011: As Europe hobbled to an agreement on deficits, the equity markets rallied but the currency and bond markets yawned. On Friday the US equity indices jumped by around 1.6%, the UK's FTSE 100 by a little less than 1% and the German Dax by 1.9%. The Euro however rose an anemic 0.31% against the US Dollar. |
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Written by George Albert
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Written for First Post November 26, 2011: The Dollar index has reached an area of strong resistance which could lead to a greenback sell off, triggering a rally in risky assets such as commodities and equities. |
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