The US economy added 295,000 jobs in February and unemployment remains low, but rate hike fears caused a sharp sell-off in US stocks. The NASDAQ touched 5,000 for the first time since 2000, though gold and silver continued their downtrend as the strong dollar increased. Crude oil found a bottom at $45 but further upside is limited, while sugar prices hit a 5-year low with no sign of a turnaround. The Indian rupee has strengthened against most major currencies since September 2014, appreciating 13-14.7% versus the Japanese yen, euro, and Australian dollar.

1. State of the
Global Financial
Market
Deepak Singh
Twitter: smarket
March 08 2015

2. What happened this week?
For 12 months in a row,
the United States has
added at least 200,000
jobs — a sustained pace
of hiring unmatched since
1994 and 1995
US economy added 295000 jobs in Feb.
Sharp rally in USD index
Sharp rise in 10 year
Yields

3. Fear Factor
US economy added 295000 jobs in Feb.
Rate Hike Fears
Fed will raise interest rates
in the near future
Strong Dollar = Lower
Corporate Earnings

4. Sharp Sell off in US stocks
Is it going to be big correction?

5. This week: NASDAQ touched 5K
Last time NASDAQ touched 5000 was
on March 10 2000. It took 15 yrs to
reclaim this level

6. USD Index: Driver

7. Gold: Hit by Strong Dollar
Gold broke down below $1550 in April
2013 and since then the trend has been
down

8. Gold Slide I made a year back

9. Silver: Downtrend Continues
In downtrend – every support gets
broken. Silver broke down below 18.78
and has sustained below it

10. Brent Crude done with rally
Brent has created a technical bottom at
$45 but upside appears limited

11. Sugar Prices at 5 year low
No sign of turnaround

12. Can China breakout > 3400?

13. Nifty – Post Budget week
Nifty looks overextended on
chart…due for pullback?

14. Nifty at 9000?

15. The
Currency
Market
INR, USD, EURO,
YEN

16. USDINR
If you consider the extent of USD index rally since Sep 2014 –
INR has done very well…
INR has depreciated 3% against US
dollar since Sep 01 2014

17. Australian Dollar (AUDUSD)
AUD has depreciated 17% against
USD since Sep 01 2014
INR has appreciated 14.3% against
Australian dollar since Sep 01 2014

18. Singapore USD (USDSGD)
Singapore Dollar has depreciated 11%
against USD since Sep 01 2014
INR has appreciated 6% against
Singapore dollar since Sep 01 2014

19. Japanese Yen USD (USDJPY)
Japanese Yen has
depreciated 16% against
USD since Sep 01 2014
INR has appreciated 13% against
Japanese Yen since Sep 01 2014

20. Euro (EURUSD)
Euro has depreciated
17.5% against USD since
Sep 01 2014
INR has appreciated 14.7% against
Euro since Sep 01 2014

21. Summary Chart
Currency INR Strength/Weakness* (Since Sep 01 2014)
USD Lost 3% in Value
Japanese Yen Gained 13% in Value
Euro Gained 14.7% in Value
British Pound Gained 6.5% in Value
Australian Dollar Gained 14.3% in Value
Singapore USD Gained 6% in Value
* As of March 08 2015