Market Update - US Employment Situation July 2013



The US economy is improving and the Federal Reserve continues to propel QE3 at $85B/month
With economists predicting a strong employment numbers tommorrow , the US economy is started to pick up and will be doing well in the course of the year 2013
Impact on Dollar / Stock Markets

Expect dollar to go strong for remaining part of the year , one should be long dollar with respect to other basket of currencies . I am long USDCAD now @1.03484 [time of posting the blog] with 1:1 risk/reward ratio . I cannot believe S&P still going strong on 1700 inspite the economy didnt do well in first half of the year , markets are at all time high which is quite unrealistic as growth in GDP terms is not achieved .

This is same with other emerging markets [BRIC countries] where Q1/Q2 earnings were not that impressive .  The Govt as such is  trying thier best to make changes in FDI norms , attract investment and boost the sagging economy

I expect S&P and Nifty to fall over the next few months and will update you as soon as i take my short position .
Till then have a nice day and happy trading .

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