Weak US retail sales data kept the dollar confined in a short-term holding pattern as we await Chairman Bernanke's semi-annual congressional testimony tomorrow. We do not expect any additional dovish surprises from Bernanke. The Fed's policy will be data dependent. We believe that the US recovery is real, and this will lead to the tapering of asset purchases beginning in September.
Nse trader, mcx traders, ncdex traader ,stock futer trader ,options trading
Tuesday, 16 July 2013
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