Apprehensive of a potential slide back to recessionary trend, the Fed took a cautious stance. This has done and is doing the global recovery good. This bid of anxiety at possibility of deflation rearing its head is real, given the experience of Japan and Europe. So the Fed has tread rather circumspectly and balanced well.
All in all, the news is benign for emerging economies like India. FIIs might stay a little longer here. With Yen weakening Asia should be more optimistic than it appears to be. May be Chinese concerns worry a bit but the market has already discounted that.
With US dollar strengthening and less of fear of inflation, gold will continue to recede...
A day of in and out trading; not much of a position to hold. Buy on the trend sell at the best seen...
All in all, the news is benign for emerging economies like India. FIIs might stay a little longer here. With Yen weakening Asia should be more optimistic than it appears to be. May be Chinese concerns worry a bit but the market has already discounted that.
With US dollar strengthening and less of fear of inflation, gold will continue to recede...
A day of in and out trading; not much of a position to hold. Buy on the trend sell at the best seen...
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