FSTI Commodity & Forex Advisors

08/09/2018

01/07/2017

It was a good week for base metals, as in general Dollar denominated industrial commodities were aided by weakness in US currency against other majors particularly against Chinese currency (China b…

01/05/2017

Excited About Aluminum? Back to Boring May Be a Better Bet

11/02/2017

The balance sheets of the ten largest central banks have grown a collective 10.4% since the end of last year to $21.4 trillion. This is the fastest pace of central bank balance sheet growth since the European debt crisis in 2011. The pickup in balance sheet growth can be seen in the chart below.

11/02/2017

A nice chart from Goldman Sachs shows foreign official institutional investors have been selling US treasuries at a record pace which has only accelerated in 2016. A significant portion of this selling pressure is coming from China. Recently Chinese FX reserves hit five year lows as China has liquid...

07/10/2016

India has lost its "rock star economist" central bank chief, but a more low-profile Reserve Bank of India may benefit the country.

22/09/2016

Fed Action of No increase (in interest rates) and Fed Chief's comments has Bolstered Risk Taking.The other observation of yesterday's FOMC meet is (that) US Fed is Extra Cautious and do not want to take any chance with regards to Growth Concerns.

Now what next in November and December Meetings....
Due to election issues Chance of November Increase is negligible. Major Chance of Interest Rate Increase in December but only with the condition that US Election Results in Market Favorable Outcome. Forget about interest rates increases otherwise.

15/09/2016

This great soul is continuously working for others in last 30-35 years, leading a satisfied peaceful life and accomplishing his dreams. The work for humanity and country he has done may not be matched by many contemporary business tycoons, politicians and even Governments. Present politicians, business leaders should take a lesson on "What Service Means" from his life. They should not ask for resources and CERTAINLY THEY AND WE CAN DO BETTER WITH LESS

हालांकि आपको बता दें कि आलोक सागर नाम के इस शख्स ने एक दिन सब छोड़ दिया और पिछले 26 सालों से आदिवासी बहुल गांव कोचामू में लोगों की सेवा कर रहा है।

11/06/2016

21/04/2016

Governor Rajan again Speaks his Mind
- Among the BRICS we have the lowest per capita GDP.... We are still one of the poorest large country in the World on per capita basis.
- So as a Central Banker , I can not get Euphoric if India is the fastest growing large economy (at this juncture).We have to repeat this performance for the next 20 years before we can give every Indian a decent livelihood.
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These Harsh Facts from Governor Raghuram Rajan was the Realty Check to Government against Euphoria over India Being Fastest Growing Economy

19/04/2016

Reservation Politics

Business in Gujarat was affected yesterday due to ban in wireless internet services on account of Reservation Related issue following some violence on Sunday. Similar scenario played out in late August last year (that too on a large scale of violence and business disruption). Unrest on a similar theme was seen in Haryana few weeks back.

It is quite saddening that after almost 70 years of independence most of the communities in India are fighting for BACKWARDNESS. How a country can move FORWARD in this scenario.

It is even more saddening that many political parties strategise their votes on these issues to win elections. This is certainly not a VIKAS KI RAJNITI for which India voted in 2014 Lok Sabha Elections.

This is no way suggest that Reservations given just after independence(by great thinkers and freedom fighters) to various communities was wrong as perhaps that was not on the basis of vote bank politics. The current leaders and intellectuals rather should think and take steps that how the country should be made reservation free in a time bound manner and move towards equality and INDIANNESS.

Why we can not understand the simple fact: That every individual born in Geopraphical Boundries of this country, whether he is good, bad, ugly, beautiful, rich, poor, belongs to any cast, religion or region is a equal stake holder of the Resources and Fortune of this great, diverse and highly intellect landscape.

17/04/2016

"In a World of Blinds, India seems to be a One Eyed King".

This is a of current state of Indian Economy said by Raghuram Rajan, RBI Governor, that too in Washington at a forum where 20 Finance Ministers and Central Bank Chief's of 20 top economy met this weekend.

The description is simple, apt and again points to the fact that our Governor speaks his mind no matter who the audience is. Some times his simple and straight talk said unintentionally discomforts so called elites in our own Government specially top officials in Finance Ministry, but undoubtedly he is one of the major stabilizing force in Indian economy since 2013 when Rupee was free falling and inflation rocketing. In last 3 years not only major macro economic parameters are kept in control but Indian economy has negotiated quite well the extremely challenging Global economic conditions and two years of stress in agriculture due to uneven rains and droughts.