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    Open Letter to Shri Robert Vadra
    October 10, 2012
    By amreekandesi

    Dear Shri Robert Vadra ji,
    I know you're in the news for corruption and tax evasion charges,
but don't let that bog you down. You are bigger than that, and
    we are with you. And of course, there's the union cabinet to take
care of that. Salman hai na? [I am guessing that in the inner party
    circles, he goes as son-in-law minister. Hee hee.]
    But on a serious note, you are such an inspiration, man. You know
how everybody has their life-changing moments? Buddha
    had it below than Banyan tree. Newton had it when that apple fell
on his head. Poonam Pandey when she realized her best talent was
taking her clothes off.
    Similarly, mine was when i saw a sign at the airport listing out
the most important people in India, the ones exempted from getting
their balls cupped by
    CISF officers.
    President. Prime Minister. Cabinet Ministers. Chief Justice. Shri
Robert Vadra....
    Man, this must be an order of magnitude bigger than getting AIR 1
in IITJEE, 100 percentile in CAT and topping the civil services exam.
In the
    same year. Mumma must be so proud. Dude, you're such a rockstar.
And i felt important when Continental airlines sent me a one-time pass
to the premium lounge. What a
    loser.
    But i guess you were destined for greatness. Your mom was of
Scottish origin, and dad an Indian. Always the mark of a great man to
marry a foreigner, and i guess it also fit into the
    whole Gandhi family theme. But clearly, if there's one thing you
did well, it was getting married to Priyanka ji. Very nice lady she
is, tall, charismatic, short hair and all that.
    While most Indian men dream of marrying a woman who can get them a
crore in dowry, you went long. And how. Good job there.
    Don't get me wrong, i am not like those stupid BJP walas, ranting
against you. I truly adore you man. Your journey is going to inspire
men and women for many centuries.
    I mean, you got the airport frisking exemption even before the
chiefs of our defense services.
    That is so FREAKING AWESOME.
    Of course, you are not all about being the first-son-in-law of the
country. There's more to you. Like spending time in the gym to give a
complex to Salman and Hrithik.
    You're forty and have a six pack of abs. I am 32 and my lungs turn
into the Agni missile if i dare run a kilometer. You already have a
mustache. I say you should shoot for the lead role in Dabangg 2.
    Oh, and i love your 1800cc motorcycle. Even my car doesn't have
that many CCs. But then, the national jamai has to live in style, so
it is cool. Kitna deti hai, btw?
    There's so much to you. I think you are doing a great job of
removing gender stereotypes that crappy shows like Balika Vadhu are
creating. There the bahus spend their time cooking, looking good and
taking care of the family name. Here, you are making sure you look
good, while taking care of the family name. This is just so sweet. I
would do chubby cheeks to you, if i could.
    Along the way, you've also built yourself a business empire.
Stakes in hotels, apartments all over the place, everything totaling
hundreds of crores.
    Excellent example for unmarried budding entrepreneurs. Just one
suggestion – you should consider putting up those apartments for rent.
Some supplemental income never hurts.
    Awesome, man. Awesome. Very impressive.
    Achha, one last thing. I hear you got a 10,000 square feet
apartment in Gurgaon for 89 lakh. Boss, this is god-level bargaining
skills.
    How did you manage? When i tried, they wouldn't sell me an
apartment a tenth of that size for that much. Can you please help
getting that
    discount?
    Perhaps if we find ten other people, DLF might even give us a
group discount and make it even cheaper.
    Chalo boss, that's it for now. Take care, keep rocking, and don't
worry about Kejriwal, the BJP, or Indian people.
    We forgot about Bofors, we've forgotten CWG, we've forgotten 2G,
we'll forget Coal G, we'll forget JIJA JI as well.
    [Image courtesy: India Today]
    Disclaimer: Dear Kapil Sibal ji, i just mean this in good humor.
If you are considering putting me in jail for this silly satirical
post, please note that Suresh Raina's nephew wrote it.]
    Thanks for visiting Amreekandesi!
    Cheers.....
    Dilip Kumar
    +919448851643
--
Munnabhai Sattodia

With warm regards,

Ravi
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Follow us on....
 

Text goes here

 
 
 
 
 
 
 
 
In this Issue...
 
  • Get up to date - Breaking News  

  • Read what our Top Contributors are saying 

  •  

    By Christopher Vecchio, DailyFX Currency Analyst


    There was not much by way of important data or news out of Asia or Europe last night, and as such, markets around the globe have been relatively...boring. High beta currencies and risk-correlated assets are all intertwined - the Australian Dollar and the Japanese Yen are the two worst performing currencies while the New Zealand Dollar and the Swiss Franc are two of the top performing currencies. Our main focuses today are on the Spanish bailout and risk trends in general.

    On Wednesday, after US equity markets closed for the cash session, Standard & Poor's downgraded Spain to one notch above 'junk' status. If there was any doubt that there is pressure on the government to accept a bailout via the European Stability Mechanism (ESM) that should be dispelled at this point. Initially, the market reacted as expected: the Euro depreciated and Spanish yields moved higher. But what's happened since the initial reaction has been quite the opposite - the Euro is rallying and Spanish yields, especially on the short-end of the yield curve, are falling. What does this mean? Market participants are positioning themselves for a Spanish bailout and for the European Central Bank to come into the market to buy Spanish debt via the OMTs, the unlimited sterilized bond-buying scheme designed to 'save the Euro.'

    In terms of risk trends in general, as explained in further detail below, by no means is the S&P 500 looking bearish in the short-term, technically or fundamentally: there is a clear Bull Flag forming; and the Federal Reserve remains in the market, purchasing $40 billion in agency MBS per month. While I do think the S&P 500 is carving out a top, I don't think that this is the top we're looking for just yet - a push to 1500 shouldn't be ruled out so long as 1425 holds.

    Taking a look at credit, peripheral European bond yields are lower, underpinning Euro strength - I think this is an early sign about the Spanish bailout. The Italian 2-year note yield has decreased to 2.130% (-7.4-bps) while the Spanish 2-year note yield has decreased to 3.027% (-11.8-bps). Likewise, the Italian 10-year note yield has decreased to 4.958% (-2.8-bps) while the Spanish 10-year note yield has decreased to 5.638% (-9.1-bps); lower yields imply higher prices.

    RELATIVE PERFORMANCE (versus USD): 10:55 GMT

    NZD: +0.33%

    EUR:+0.26%

    CHF:+0.25%

    CAD:+0.11%

    GBP:+0.10%

    JPY:-0.11%

    AUD: -0.17%

    Dow Jones FXCM Dollar Index (Ticker: USDOLLAR): -0.01% (-0.10% past 5-days)
     
    ECONOMIC CALENDAR
     
     
    There are two major data releases on the calendar to round out the week, only out of the United States. At 08:30 EDT / 12:30 GMT, the USD Producer Price Index (SEP) will be released, and should show a moderation in inflation at the factory gate. At 09:55 EDT / 13:55 GMT, the USD U. of Michigan Consumer Confidence (OCT P) report is due, which should show that Americans' sentiment held near its most positive levels in 2012.
     
    TECHNICAL OUTLOOK

    EURUSD:
     
     
    I remain neutral (but biased bullish) on the EURUSD as prices remain within our key levels. Resistance comes in at 1.3000, 1.3070/75 (October high), 1.3145, and 1.3165/75 (September high). Support comes in at 1.2930/35 (61.8% Fibo on February 2012 high to July 2012 low), 1.2900/05 (20-EMA), 1.2820/30 (200-DMA, late-April swing high), and 1.2760/70 (ascending trendline off of July 24 and August 2 lows, 50-EMA).
     
    USDJPY: 
     
     
    No change from Monday: "Although price breached the 78.40/60 zone [on Friday], overhead resistance at 78.80/90 (100-DMA, descending trendline off of the April 20 and June 25 highs) proved too great to overcome. Thus, the downtrend from April remains. With the USDJPY holding near 78.10/20, this is the bull/bear line: a hold above gives scope for a rebound to 78.40/60, whereas a close below opens up room for a move towards 77.90, 77.65/70 (June 1 low), 77.40/45 (September 28 low), and 77.10/15 (September low)."
     
    GBPUSD:
     
     
    The GBPUSD has based in the near-term at 1.5975/95 (former channel resistance off of June 20 and August 23 highs, 50-EMA), allowing the pair to continue its modest rebound. However, price remains below the 20-EMA and the descending trendline off of April 2011 and August 2011 highs (confluence at 1.6100/20). Until the GBPUSD gets back above this trendline, we remain neutral. Support comes in at 1.5975/95 and 1.5770/85 (late-August swing lows). Resistance comes in at 1.6135, 1.6260 (the former April swing highs by close) and 1.6300 /10 (September high).
     
    AUDUSD:
     
     
    The short-term bottom is in place but for how long? The 100-DMA at 1.0265 has proven a daunting obstacle the past two-days, with failure to reach the 20-EMA at 1.0300/10 twice. Yesterday, it appeared that the pair had broken free of the congestion between 1.0150 and 1.0270 to the upside, but should we close back below the 100-DMA today, our bias is back to neutral. Resistance is at 1.0265, 1.0330, and 1.0405/25 (mid-August swing lows). Support comes in at 1.0200, 1.0160/75 (mid-July and early-September swing levels), 1.0145/50 (October low), 1.0100/10, and 1.0000.
     
    SPX500:
     
     
    Yesterday I wrote: "Crucial support at 1420/25 (the 61.8% Fibo retracement on June 2012 low to September 2012 high, ascending trendline off of the June 4 and July 24 lows, 50-EMA) held, and upon further examination, it appears a Bull Flag off of the September 14 and October 5 highs may be forming; a break above 1470 could signal a move to 1500." However, the SPX500 continues to hold below its 20-EMA, and the daily RSI has steadied below 50 - not a bullish development. A close above the 20-EMA today at 1443/45 would be very bullish (a sign bulls remain adamant). Support comes in at 1420/25 and 1400. Resistance comes in at 1443/45, 1460, 1470, and 1498/1504.
     
    GOLD:
     
     
    No change from yesterday: "The steep ascending trendline off of the August 15 and August 31 lows, at 1780, remains broken, though the 20-EMA at 1759/61 has held up as expected. As long as this soft support holds, a move back into the 1785/1805 zone can't be dismissed (advances rejected in November 2011, February 2012, and October 2012 thus far). Resistance lies there and at 1840. Support comes in at 1759/61, 1746/51, and 1735."
     

    --- Written by Christopher Vecchio, DailyFX Currency Analyst



    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained in this email are provided as general market commentary, and do not constitute investment advice. Dailyfx will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content in this email is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Dailyfx has taken reasonable measures to ensure the accuracy of the information, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the content, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this email. Please read the full disclosures here. Additionally, Dailyfx takes your privacy seriously. Please click here to read our privacy policy.
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    Forex Signal SELL GOLD @1763.50

    Signal Time:
    GMT : 2012.10.12 15:03:42 (GMT)
    JAKARTA : 2012.10.12 22:03:42 (WIB)
    KUALA LUMPUR : 2012.10.12 23:03:42 (GMT+8)

    Trading: SELL GOLD @ 1763.50
    SL: Stop Loss @ 1769.50
    TP: Take Profit @ 1753.50
    Current Trend: DOWN TREND


    http://wssforexsignal.com


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    Forex Signal SELL USDCAD @0.9784

    Signal Time:
    GMT : 2012.10.12 13:00:33 (GMT)
    JAKARTA : 2012.10.12 20:00:33 (WIB)
    KUALA LUMPUR : 2012.10.12 21:00:33 (GMT+8)

    Trading: SELL USDCAD @ 0.9784
    SL: Stop Loss @ 0.9820
    TP: Take Profit @ 0.9736
    Current Trend: DOWN TREND


    http://wssforexsignal.com


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      Briquetting Machine Manufacturers in India <jkjumbo90@gmail.com> Oct 12 05:27AM -0700  

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      for towards skillfully gathering the thermal force necessities. It
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    Forex Signal SELL GOLD @1766.10

    Signal Time:
    GMT : 2012.10.12 11:02:05 (GMT)
    JAKARTA : 2012.10.12 18:02:05 (WIB)
    KUALA LUMPUR : 2012.10.12 19:02:05 (GMT+8)

    Trading: SELL GOLD @ 1766.10
    SL: Stop Loss @ 1772.10
    TP: Take Profit @ 1756.10
    Current Trend: DOWN TREND


    http://wssforexsignal.com


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    With the Government bringing out various reform measures, market is on a bullish run. One of the major sectors to be advantaged by the Government's step is the Power Sector.

    Power Sector, which was facing innumerous regulatory issues owing to populism, corruption, mismanagement, the bailout comes as a rescue to improve the entire power sector of India.

    The bailout helps the power distributors, mostly state owned, which has debt of more than 1.8 lakh crore, to finally heave a sigh of relief.

    Following are the few measures taken as a part of bailout:

    •    State governments will take on half of power distributors' resulting short-term debt over the next two to five years and convert it into long-term bonds

    •    Lenders, which are mostly government-run banks, will recast the rest into long-term loans and offer a moratorium on repayment of principal

    •    Under the plan, the federal government will offer monetary incentives to states to reduce distribution losses and will reimburse 25 per cent of the principal repaid by the states.

    •    There will be power tariff hike from March 2013 onwards which will increase the power sector revenue.

    This restructuring will benefit the entire power sector value chain as power generators and traders can expect timely payment from distribution companies
    This would also mean distributors will have more funds to buy power and can step up supplies to factories and homes, which now resort to expensive diesel generators and solar panels to plug their energy gaps
    This step taken by the Government is a major move towards developing India.

    Power bail out gives an apt opportunity to look out for Power and related companies as a safe investment.

    BUY POWERGRID at CMP 120, RURAL ELECTRIFICATION CORPORATION at CMP 226, NHPC at CMP 21, ALSTOM T & D at CMP 208, ABB at CMP 774, L& T at CMP 1615

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    Forex Signal BUY GOLD @1770.80

    Signal Time:
    GMT : 2012.10.12 08:00:23 (GMT)
    JAKARTA : 2012.10.12 15:00:23 (WIB)
    KUALA LUMPUR : 2012.10.12 16:00:23 (GMT+8)

    Trading: BUY GOLD @ 1770.80
    SL: Stop Loss @ 1764.80
    TP: Take Profit @ 1780.80
    Current Trend: UP TREND


    http://wssforexsignal.com


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    Forex Signal BUY USDCHF @0.9355

    Signal Time:
    GMT : 2012.10.12 01:00:13 (GMT)
    JAKARTA : 2012.10.12 08:00:13 (WIB)
    KUALA LUMPUR : 2012.10.12 09:00:13 (GMT+8)

    Trading: BUY USDCHF @ 0.9355
    SL: Stop Loss @ 0.9316
    TP: Take Profit @ 0.9407
    Current Trend: UP TREND


    http://wssforexsignal.com


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    Forex Signal BUY USDCAD @0.9789

    Signal Time:
    GMT : 2012.10.12 04:01:18 (GMT)
    JAKARTA : 2012.10.12 11:01:18 (WIB)
    KUALA LUMPUR : 2012.10.12 12:01:18 (GMT+8)

    Trading: BUY USDCAD @ 0.9789
    SL: Stop Loss @ 0.9753
    TP: Take Profit @ 0.9837
    Current Trend: UP TREND


    http://wssforexsignal.com


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    Forex Signal BUY AUDUSD @1.0274

    Signal Time:
    GMT : 2012.10.12 03:00:02 (GMT)
    JAKARTA : 2012.10.12 10:00:02 (WIB)
    KUALA LUMPUR : 2012.10.12 11:00:02 (GMT+8)

    Trading: BUY AUDUSD @ 1.0274
    SL: Stop Loss @ 1.0234
    TP: Take Profit @ 1.0328
    Current Trend: UP TREND


    http://wssforexsignal.com


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    Forex Signal BUY EURUSD @1.2970

    Signal Time:
    GMT : 2012.10.12 09:00:06 (GMT)
    JAKARTA : 2012.10.12 16:00:06 (WIB)
    KUALA LUMPUR : 2012.10.12 17:00:06 (GMT+8)

    Trading: BUY EURUSD @ 1.2970
    SL: Stop Loss @ 1.2909
    TP: Take Profit @ 1.3052
    Current Trend: UP TREND


    http://wssforexsignal.com


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    Forex Signal SELL USDCHF @0.9317

    Signal Time:
    GMT : 2012.10.12 08:00:16 (GMT)
    JAKARTA : 2012.10.12 15:00:16 (WIB)
    KUALA LUMPUR : 2012.10.12 16:00:16 (GMT+8)

    Trading: SELL USDCHF @ 0.9317
    SL: Stop Loss @ 0.9356
    TP: Take Profit @ 0.9265
    Current Trend: DOWN TREND


    http://wssforexsignal.com


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    Forex Signal SELL AUDUSD @1.0263

    Signal Time:
    GMT : 2012.10.11 22:00:32 (GMT)
    JAKARTA : 2012.10.12 05:00:32 (WIB)
    KUALA LUMPUR : 2012.10.12 06:00:32 (GMT+8)

    Trading: SELL AUDUSD @ 1.0263
    SL: Stop Loss @ 1.0303
    TP: Take Profit @ 1.0209
    Current Trend: DOWN TREND


    http://wssforexsignal.com


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    Click the Link Below to Review - ETFs vs. Mutual Funds and What's Best?

    http://invest2success.blogspot.com/2012/10/etfs-vs-mutual-funds-and-whats-best.html




    Successful Investing Trading

    http://www.invest2success.com


    Weekly Stock Picks Every Monday and Investing Trading Articles Tuesday through Friday

    http://invest2success.blogspot.com


    Dr. Van Tharp Institute Trading Education and Workshops

    http://www.invest2success.com/van_tharp.html


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    http://www.invest2success.com/market_trading_software_compare.html


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    http://www.invest2success.com/candlestick_charting.html


    Trend Investing Trading

    http://www.invest2success.com/trend_investing_trading.html


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    http://www.invest2success.com/value_investing.html


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    http://www.invest2success.com/india_stock_market.html


    Arabian GCC Stock Markets

    http://www.invest2success.com/arabian_stock_markets.html


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    Investing Trading Seminars Webinars Workshops Events

    http://www.invest2success.com/live_trading_seminars.html


    Good day, good investing and trading!

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    Forex Signal BUY GBPUSD @1.6061

    Signal Time:
    GMT : 2012.10.12 09:00:02 (GMT)
    JAKARTA : 2012.10.12 16:00:02 (WIB)
    KUALA LUMPUR : 2012.10.12 17:00:02 (GMT+8)

    Trading: BUY GBPUSD @ 1.6061
    SL: Stop Loss @ 1.6027
    TP: Take Profit @ 1.6106
    Current Trend: UP TREND


    http://wssforexsignal.com


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