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Trader Mike | 
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Trader Mike Mainly focused on daily stock market commentary. Also covecommunity technology, blogging, current events, etc.
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gain profit from trading tips daily.Currency market tips r also available on this Blog..
The market opens on a reasonably good note, in the steps of firm global cues. Earlier, following four days of weakness, the US markets closed with good gains after a strong rally. Asia is trading mixed. Sensex is trading at 16958, up 92 points from its previous close, and Nifty is at 5025, up 22 points. CNX Midcap index is up 0.8% and BSE Smallcap index is up 0.7%. The market breadth is positive with advances at 602 against declines of 90 on the NSE
Sentiments turnedbearish in the currency market even as equity market closed in indicating that G7 Meeting was the major driver of
the currency pair. The pair which opened the day at 47.86 levels fell to close near the lows at Rs.47.62/USD, despite the fact that Nifty fell
by 80 points and closed at 5003 levels.
Internationally the dollar index fell to 76.50 levels after G7 finance ministers omitted any mention of the currency’s weakness in their final
communiqué. The group also urged Chi
The blog aims to provide political economic comment with a primary focus on the UK & USA equity markets. The editor has 17 years experience as a private investor, and his professional background is as a finance professional in both the UK public sector and Fortune 500 multinational companies. He also runs a company investment vehicle for a number of friends.
Market Blogs Blogs containing stock market commentary.
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