IMPORTANT EVENTS THIS WEEK:

MONDAY

• Bank of England Governor Speech
• Trade Balance (China)

TUESDAY

• Manufacturing Production
• Bank Of Canada Governor Speech
• CPI (China)

WEDNESDAY

• INTEREST RATE DECISION (NZ)
• RBNZ RATE STATEMENT
• EMPLOYMENT CHANGE (AUS)

THURSDAY

• INTEREST RATE DECISION (CHINA)
• INTEREST RATE DECISION (GBP)
• Bank of England Governor Speech

FRIDAY

• INTEREST RATE DECISION (RUB)
• CORE RETAIL SALES (US)
• PPI (US)
• RETAIL SALES (US)

SATURDAY

• INDUSTRIAL PRODUCTION (CHINA)

Planetary positions this week:

Moon is in Libra-Scorpio for this week. Moon is in SCORPIO between 9^th and 11^th December 2015. On 11^th, it is the new moon. On 6^th December 2015, Mercury has entered Sagittarius, which seems supportive for banking and financial sector. Venus entered in “swati” nakshtra on 6^th.

Between 9^th and 10^th, some sort of natural / man-made disaster may be observed, which may affect the stock market.

Global Stock Indices

On 4^th, US equities turned quite bullish. S&P500 FUT closed at 2088. In this week, stock indices shall drop from higher levels. On 8^th, range bound to positive trend is expected. On 9^th, opening could be positive for US market. However between 9^th and 10^th, a sharp correction may be observed in equities which may force S&P500 to drop down to 2060-2040.

Between 2100-2120, you can short S&P500 FUT.

Around 2060-2040, you can make long position in S&P500 on 10^th December 2015.

On 11^th, equities are expected to be positive. Next week as well, trend shall be positive.

Interest rate related meeting (US / Fed) is scheduled for 16^th. Our research is positive for equities in next week.

Overall, market shall be bullish till 24^th December 2015. And then, a sharp correction may be observed post-Christmas. This may last till first week of January 2016.

In this week, range for S&P500 is 2100-2060-2040. At the most, it could shoot up to 2120 – our indicators aren’t sure about this.

PRECIOUS METALS

PREVIOUS WEEK:

• GOLD : HIGH – 1088 | LOW – 1043
• SILVER: HIGH – 14.57 | LOW – 13.85

As far as our analysis is concerned, Gold has made its low for some time. Around Monday – Wednesday, Gold can drop to 1060 while Silver can drop to 14.00.

Thursday-Friday, bullion shall move up.

Today, a sharp correction is indicated in price of bullion from US opening.

Next day may seem to be positive.

On Wednesday, correction may be observed.

If Gold retests 1060 – 1070 / Silver retests around 14.00, you can enter into long position after covering short position.

In this week, Gold may shoot up to 1100 while Silver may shoot up to 14.65.

It is advisable to make long position in bullion at lower levels.