07/31/12 ~ MEGHA CAPITAL'S Blog

Jul 31, 2012

HotForex: Currency Trading SMS and Email Advisory Service

HotForex

Advisory Service on Currency Movements for Traders and Investors.

· Currency pairs included under this service are USD/INR, EURO/INR, JPY/INR, GBP/INR. International currencies covered are USD, CHF, EURO, YEN, AUD, CAD, JPY, KWD. Advise on USD Index is also given.

· Daily trading advise will be given to traders in Indian currency exchanges from the Indian exchange traded currency pairs, while those trading in international forex markets; day trading advice will be given from the given majorly traded pairs with the USD.

· Weekly or during the week email newsletter will also be given for important updates regarding currency and forex movements and special reports if any.

· SMS updates will also be given to subscribers regarding important alerts, price updates and important analysis, apart from obvious trading calls advise messages.

· International customers will also be provided with chat trading calls delivery service, while phone support is available to all during Indian working hours.

· Custom advise will also be provided to members on request regarding particular position, currency etc.

· Fees for Indian Subscribers are Rs.5500 for one month, and Rs.7500 for International Subscribers (international sms charges being the difference). International customers who want calls only on chat have to pay only Rs.5500.

Market Report

In the last week, Indian Markets ended the expiry week sharply lower. Continuing concerns on monsoons and lack of policy reform announcements had a negative impact on sentiments. The comments from the ECB President did help. On sectoral front BSE Realty, Capital goods and Power were badly hit. On the other hand, Global stock markets largely remained depressed during the week as debt ridden European countries yields rose on the risks that the countries like Spain would fail to abide by the conditions required for bailout assistance. However some buying emerged in the stock markets during the end of the week after the statements of European Central Bank President, Mario Draghi that the policy makers would do whatever is needed to preserve the Euro. Japanese policy makers are expected to come out with fiscal stimulus as the nation is struggling for growth in light of weak demand from overseas markets and fading stimulus from reconstruction activity after earthquake.The 30-share index, Sensex plunged 319.25 points, or 1.86% to 16,839.19 for the week ended July 27, 2012. On the other hand, the broad based NSE Nifty dropped 105.25 points, or 2.02%, to 5,099.85 during the week. All the sectoral indices at the BSE ended in red. Top losers for the week were BSE Realty (6.67%), Capital goods (6.45%), Power (5.09%), Metal (4.5%), PSU (4.36%), Bankex (3.4%), Auto (3.10%). Rest IT, Teck, FMCG and Healthcare were down from 1.81% to 0.18%. Meanwhile, BSE Midcap and Smallcap underperformed with losses 4.80% and 4.76% respectively.