Fri, 31st March 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.

Gold forecast from BNP, lower due to Fed hikes ($ 1220 for 2017 ,$ 1120 for 2018 )

A piece from BNP says analysts there are bearish on gold due to a stronger USD expected as the Federal Reserve hikes rates

BNPs gold forecast
  • An average price of USD1,245 for Q2 of 2017
  • $1220 for 2017 as a whole on average
  • $1120 for 2018 as a whole on average
  • BNP hedge that demand may increase on European political uncertainty though
  • Longer term trend remains down though
On the Fed:
  • Expect a total of 3 Federal Reserve hikes this year
  • And more over the coming year, says market is too complacent on the potential 2018 hikes also

China Manufacturing PMI Jumps To 5 Year High

China’s reflation story (on the back of a record amount of debt created last year) was put on display on Friday morning when both the Chinese manufacturing and non-manufacturing PMI rose more than expected, with the Manufacturing PMI rising to a level not seen since April 2012. According to the NBS, China’s Mfg PMI rose from 51.6 to 51.8 in March, the highest in almost five years, and above the 51.7 consensus estimate, while the non-manufacturing PMI also jumped, rising from 54.2 to 55.1, the highest in two years.

The National Bureau of Statistics reported that New Orders rose from 53.0 to 53.3 while new export orders rose to 51, the highest since early 2012. Broken by firm size, the state-measured PMI showed largest enterprises were the strongest at 53.3, followed by medium-sized companies, while small firms remained in contraction at 48.6. Perhaps the most notable internal metric was the employment index, which hit the 50 level for the first time since May 2012, marking the first time the manufacturing sector has not lost jobs in nearly 5 years.

As the chart below shows, the catalyst for the move higher has been the recent surge in producer prices, which have soared as much as 7% Y/Y on the back of soaring commodity prices; both have since peaked and it is expected that in the coming months, China’s inflationary pressures will subside especially given the recent efforst by Beijing to reign in out of control credit, especially shadow, issuance.

Japan’s unemployment rate falls to 2.8% in February

Japan’s unemployment rate in February fell to 2.8 percent from the previous month, the Ministry of Internal Affairs and Communications said Friday.

Separate data showed the country’s job availability stood at 1.43 in February, unchanged from January, according to the Ministry of Health, Labor and Welfare. The figure, staying at the best level since July 1991, means that 143 positions were available for every 100 job seekers.

South Korean scandal reaches climax with arrest of Park

The political scandal that has rocked South Korea since October is coming to a boil after a Seoul court approved a warrant for the arrest of impeached President Park Geun-hye early Friday.

The former leader abused her power by collecting money from businesses and violating the freedom of corporate management, the prosecutors’ office had said when requesting the warrant. She denied the allegations against her at an earlier questioning and could destroy evidence unless detained, they explained.

Trump on the Twitter on China, trade deficits and US jobs

US President Trump is tweeting, laying some groundwork ahead of his meeting with China’s President Xi Jinping next week

Trump has talked tough on China, but so far has done nothing. He promised to label the country a currency manipulator on ‘Day one’ of his presidency and that hasn’t happened.
He also said he’d get tough on Mexico, but he is back pedalling on that now too: WSJ: Trump Administration Signals It Would Seek Mostly Modest Changes to Nafta
And healthcare – another broken promise.
What I’m saying is that Trump is talking big and tough here on twitter at the moment, but its aimed at his supporters, and is not likely indicative of what will happen at the meeting (on recent evidence, he’ll cave). Twitter war … a storm in a teacup.

Overnight US Market :Dow closed +69 points.Nasdaq closes at Record high

S&P up 6.93 points or +0.29%. Nasdaq up 0.28%

The NASDAQ composite index is closing at record high levels at  5914.34.. That is up 16.79 points or 0.28%.
In the other major indices,  the S&P indexes closing at 2368.06, up 6.93 points or 0.29%.  the Dow industrial average  is closing at 20728.49, up 69.17 points or 0.33%

“Did Russia Ever Interfere In The US Elections?” Putin Answers: “Watch My Lips, No”

Speaking at a CNBC-moderated panel, Russian President Vladimir Putin once again said that accusations of Russian interference in the US presidential elections are “lies” used for “domestic American politics.”

“We said on numerous occasions and I reiterate that we are confident … And know for sure that opinion polls in the Unites States show that very many people are … friendly towards the Russian Federation and I’d like to tell these people that we perceive and regard the United States as a great power with which we want to establish good partnership relations,” Putin said and added “All those things are fictional, illusory and provocations, lies. All these are used for domestic American political agendas. The anti-Russian card is played by different political forces inside the United States to trade on that and consolidate their positions inside.”

Putin refuted the findings of a January ODN report which in January found that “Russian President Vladimir Putin ordered an influence campaign in 2016 aimed at the US presidential election. Russia’s goals were to undermine public faith in the U.S. democratic process, denigrate Secretary (Hillary) Clinton, and harm her electability and potential presidency. We further assess Putin and the Russian government developed a clear preference for President-elect Trump,” the report said, adding that intelligence agencies have “high confidence” in that assessment, although have yet to release any of the facts backing the assessment.

FInally, Putin explicitly denied that Russia meddled in the U.S. elections. Putin quoted George Bush when asked if the “Russian government had ever tried to influence the outcome of the US presidential election, and there will be no evidence found?” to which he responded “Watch my lips, no.”