India’s benchmark indexes closed in red on Wednesday, dragged lower by selling pressure in heavyweight financial and consumer stocks as market sentiment remained cautious ahead of the upcoming corporate earnings season, while worries over the likelihood of fewer interest rate cuts by the U.S. Federal Reserve added to the overall subdued mood in the market….
Stronger-than-expected US economic data (JOLTs job openings and ISM Services Index) weigh on US Indices. Markets exhibited sensitivity to monetary policy expectations and potential volatility, with sector performance varying. Technical analysis of the S&P 500 suggests a range-bound market with key support and resistance levels identified. Upcoming non-farm payrolls and Fed meeting minutes releases are…
Why Can’t I Compete With the News Trading Algos? Global traders are addicted to news, whether it be economic, monetary policy, political or geopolitical. Who can blame them as news equates to volatility, especially when there is a surprise. However, the reality is the average forex trader cannot compete with the news algos,…
Fundamentals or technicals? A third view Introduction There have been long debates in the last 20 years about which approach is better as a forecasting means of the foreign exchange market. The two main schools of thought are traditionally the fundamental analysis and the technical analysis. As a matter of fact, this has…
The Indian benchmark indices staged a strong recovery on Tuesday, after plunging to their worst decline in three months on Monday. The Sensex rose 230 points and the Nifty broke above the 23,700 level, fueled by advances in heavyweight financial stocks and Reliance Industries.The benchmark BSE Sensex added 234.12 points or 0.30% to close at…
Markets US and EMU yields initially maintained the post-Fed upward bias that still reigned during the first 2025 trading sessions last week. However especially US LT yields are closing in on key technical resistance levels. The US 10-y yield is testing the end December top (4.64%), with the 2024 top (4.73%) also nearby. The 30-y…
India’s benchmark indices ended in red on Monday as widespread selling in banks and consumer firms and across key sectors dragged the markets down. Investor sentiment turned cautious after the government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka and one in Gujarat, amid concerns over a virus outbreak in China. The benchmark BSE…
How Do You Spell Relief ? Trump Tariffs Report As I have noted many times, when there is a key event markets tend to factor in the most extreme case and then reassess later. The key event is the election of President Trump. The most extreme case would be across-the-board tariffs on imports…
Dollar Index started the new year with a pronounced surge. Sterling, Euro, and Swiss Franc bore the brunt of this strength, reflecting the sluggish economic outlook in Europe and ongoing concerns about the impact of new US tariffs. Despite these gains, Dollar’s performance against other currencies, including Yen and commodity-linked peers, was more muted. Consolidations…
Trading Tip: Beware of a New Year Whipsaw While this year may turn out to be different given the new U.S. president and policies (e,g, tariffs, tax cuts, etc) could impact the bond and global markets, I would be remiss not to give a warning to beware of start of a New Year…