Interesting Forex Slangs

Every morning while browsing through the forex market commentaries I usually come across a range of terms used in currency market which either do not exist in real world or exist in a totally different context. Its quite interesting to know these terms and find out why they have been named as such.

Cable

Refers to the Great Britain Pound i.e. GBP/USD currency rate (read our note on currency basics to understand the pair). It refers to the Atlantic Cable, a steel cable laid under the Atlantic Ocean in 1850, telegraphically linking the UK with the USA, enabling messages with currency prices to be transmitted between the London and New York Exchanges. GBPUSD pair is also known as Pound Sterling

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Aanjaneya Lifecare Limited

Overview- Company and business

Aanjaneya Lifecare limited was incorporated in 2006. The company is a research based pharmaceutical company with manufacturing and marketing capabilities in APIs (Active Pharmaceutical Ingredients) mainly focus on anti-malarial and (Finished Dosage Forms) FDFs. Company is the largest manufacturers if quinine salts in the world. The company started its manufacturing activities in the year 2007. The company also have a small R&D block in Mahad, Maharashtra. Company have a product portfolio of Anti malarials, Animal Health Product and Anti-cancer. The manufacturing facilities have been approved by various regulatory authorities and are ISO 9001-2008 and WHO GMP certified.

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Job Opening: Options Trading with Kredent, Kolkata

Enter the exciting world of trading options and volatilities….

Inviting applications from experienced options traders for Options trading desk at Kredent Finance, Kolkata

Kredent Finance is one of the largest professional trading firms in Eastern India contributing significantly to market volumes. Our professional trading desk has access to all the asset classes available for trading in India and houses some of the best traders in this part of the country. We are direct clearing and trading members of the NSE, BSE, MCX-SX, MCX, NCDEX and ACE. Visit www.kredent.com for more details.

Position will be based out of Kolkata.

Incumbent should be experienced in trading options in either equities or currencies on Indian markets.

Please forward your resumes to career@kredent.com with the subject line “Options Trading”.

 

Muthoot Finance- Follow up note

Muthoot Finance Limited, the second IPO in the year 2011 listed at a premium on debut on both NSE and BSE. At NSE Muthoot Finance Limited opened at Rs. 196.60, a premium of 12.34% against the issue price. The issue price was Rs. 175 a share. The script had touched the high price of Rs. 198.90 with a total turnover value of Rs. 1,067.4 crore. Subsequently it had touched an intraday low of Rs. 161.40. MFL finally closed at 172.40 on NSE registering a decline of 1.3% from the issue price. Read more »

Sanghvi Forging and Engineering Ltd

Overview- Company and business

Sanghvi Forging and Engineering Ltd is an ISO 9001-2008 certified company. The inception of the company was in 1990. It is a Vadodara based company. SFEL is engaged in manufacturing and marketing of forging product for the non-automotive sector. It manufactures stainless steel forged and Machine Subtends, Forged Flanges, Forged fitting and CNC Machined Forged parts for various industries oil & gas, fertilizers, power etc. The company also exports the products mainly at Europe, Middle East and Canada. The total installed capacity of forged flanges is 3600 MTPA. The company is an approved global vendor of General Electric (GE) and it has obtained an approval of Mazagaon Dock, a GOI enterprise manufacturing submarines and vessels for defence, and Kuwait National Petroleum Corporation.

 

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The Importance of a Financial Education to Young Minds

It doesn’t come naturally for children, teens and young adults to make smart long-term decisions with their money. After all, when you’re young, instant gratification is the key to candy, video games, fast food and trendy clothing.

Because young people aren’t likely to get a thorough financial education in school while they’re busy learning math, science, literature and languages, it’s important that you instill in them valuable financial life lessons while they’re still living in your home. The practical knowledge you provide your children will definitely be worth your while, unless of course you want your children to be borrowing money from you well into adulthood to make up for their money blunders.

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Case for a 50 basis points on May 3??

“Sakhi saiyan to khub hi kamat hai…..mehngai daayan maare jaat hai….” goes a number from a popular bollywood flick and rightly so atleast for RBI.

Since the last 15 months or so…RBI has been trying to battle the rising inflation by raising rates (What are policy rates?) eight times since March last year. However inflation, now it seems, is getting out of RBI’s control. Over the last one year, there have been many a concerns over structural bottlenecks in the economy which have been causing inflation. Well this might be true, I am not arguing against that. But even if Government decisively acts against structural cause of inflation, it would be some time before anything (like improving storage warehouses, improving transportation facilities, improving public distribution system etc) can be done and it impacts the mighty inflation. Read more »

Federal Reserve and Regulators Work Together For Financial Reform

The economic debacle of 2008 brought the modern economic system to the brink of total collapse. In fact, there was a brief period of weeks in September and October of 2008 when the most powerful people in the world were unsure what was going to happen. The incredible shock and general mayhen that swept through the market when Lehman Brothers and Fannie and Freddie faced collapse resulted in frenzied selling and fear on a catastrophic level.

In response to these dire circumstances, Central Bank leaders around the world joined in a historically unprecedented move of unity as they all slashed short-term interest rates to historically low levels in order to ease credit markets and stimulate interbank lending. Magically, it somehow worked.

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Muthoot Finance IPO- Right Price, Right Opportunity, Right Time

Company and business

Muthoot finance Limited is Non-Banking Finance Company, headquarters in Southern India state of Kerala. MFL is a subsidiary of Muthoot Capital Service Ltd.

MFL provide personal and business loan secured by gold jewellery or gold loans to individuals particularly to whom loans are not available at all. Muthoot Group is into diversified business which includes hospitality, health care, media, education, information technology, foreign exchange, insurance distribution and money transfer service. The company also operates three windmills in the state of Tamil Nadu but the same forms a very small segment, about 0.23% of the total revenue.


About Gold financing

Gold Finance is a personal and business loan secured by gold jewellery, or gold loans to the the individuals who have the jewellery but unable to access loans in short period. There are several schemes varying from company to company. Gold Loan market is the fastest growing loan finance market. The market grew 46% CAGR over FY07-10 driven by expansion. Gold loan market is expected to rise at 40% over the next three years, based on competitive landscape and changes in the trends. It is also expected that the gold loan market will welcome enough opportunities for portfolio diversification and expansion and can yield huge margins to NBFC. Among loan product basket lending against gold is the most favourable retail loan product. Du-point analysis reveals that gold finance business generated – 4% ROA in the past five years in India. It is believed that gold finance sector continues to rise and yield good margins.

 

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The Relevance of Economic Indicators to Financial Markets

Economic indicators can be broken down into 3 basic categories: Primary, Secondary, and Tertiary. Primary indicators are the ones that everyone should be paying attention to, secondary indicators are less important in determining the direction of the market but can often times serve to help evaluate primary indicators, and tertiary indicators are the ones that are only of interest to niche markets.

For this article we will focus on the Primary Economic Indicators and how to use them to determine the direction of the market. It is important to note that every analyst and economist out there has their own list of indicators, so we will be concentrating primarily on the three biggest indicators, and will provide a list of other ones as well should you be interest in doing more in-depth research on the topic.

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