Fed will hike rate? Complete Analysis

Conclusion: No, it will not hike rate.

Analysis: The key reasons of not hiking rate will be poor job growth and not so robust economy. Additionally, the impact of a rate hike will create unmanageable economic turmoil.
I am not elaborating as so many experts have already written so much about these topics.

Currency Wars are Heating Up

25 central banks have lowered rates since the start of this year, some more than once, according to data from CentralBankRates. It is one way of engaging in currency war, and it's not new, US did it with QE in 2008, continued for several years, then several other countries either devalued their currencies or cut interest rate. ECB and Japan launched massive QE programs.

News headlines of currency devaluations in 2015 -

• Turkmenistan - Jan, 2015 - Energy-rich Turkmenistan devalues currency against dollar ...
• Belarus - Jan, 2015 - Belarus devalues its ruble by 7%
• Nigeria - Feb, 2015 - Naira devalued again, trades at N198 to dollar
• Azerbaizan - Feb, 2015 - Azerbaijan devalues currency by one-third amid oil price ...
• Venezuela - Feb, 2015 - Currency Devaluation Baffles Shortage-plagued Venezuelans
• Vietnam - May 2015 - SBV lowers dong's value by 1% in second devaluation of 2015
• Angola - Jun, 2015 - Angola Central Bank Devalues Currency as Oil Slide Hits Revenue
• Egypt - 6 July 2015 - Egypt's currency devalued in attempt to encourage investment 

The major countries that cut interest rates in 2015 (and the number of times they did it):

• Australia - 2
• Canada - 2
• China - 3
• Denmark - 1
• Egypt - 1
• Hungary - 5
• India - 3
• New Zealand - 1
• Norway - 1
• Russia - 4
• South Korea - 2
• Sweden - 3
• Switzerland - 1
• Thailand - 1
• Turkey - 2
• Israel -1
• Indonesia - 1
• Romania - 4

Countries have become significantly more aggressive on currency front since this year. Future is definitely going to be more volatile in coming years. All who deal with currencies, energy, or metals will see turbulent times ahead. More on this in next update...

USDINR in long term downtrend

USDINR is now in a long term down trend. It may fall to 61.5/60 within this year.

Nifty Tracked

I had forecast in March 2014 that Nifty may rise to 9000 by 2016, though the target was reached quite earlier than that. During the several ups and downs since then, I held a bullish view on equities till March 2015. Between these two recommendations, Nifty rose from 6483 to 8550 (32% rise). My recommendations on key events during this period are plotted below on Nifty chart. All reports are available on my employer's website at http://www.rrfinance.com/Reserch/ResearchHome.aspxhttp://www.rrfinance.com/Reserch/ResearchHome.aspx
(Re-entry was recommended on 13 June, 2015 at 7980, after which Nifty has now risen to 8516 as of now)