Market Pulse
India 
17 Sep BirthMarketPulse is a continuous monthly tracking survey of household purchases in urban and rural India.
India 17 Sep Birth
Asia markets rise as Biden takes over
Asian equity markets join in presidential honeymoon The FOMO buy everything trade was back in force overnight, with President Biden’s swearing-in unleashing another round of stimulus-powered buying. Morgan Stanley’s impressive earnings data and a huge by Netflix on their zero borrowing/buyback news
Equity markets retreat in Asia
Asian markets lower as caution is the word Wall Street was marked by a mixed session overnight. The S&P 500 was almost unchanged, while the Nasdaq got an Apple VR boost, rising 0.55%. The Dow Jones suffered big-oil executive order fatigue, finishing 0.04% lower. The bickering between the Senate
Stocks mixed, mostly upbeat US data, ECB
US stocks are mixed, with the Nasdaq outperforming as investors abandon energy and materials and rush back into the FAANG stocks. Expectations are high that big tech will be the bright spot this earnings season and demand is strong for most of the mega-cap tech stocks. Day two for the Biden administ
Asian stocks higher on Yellen testimony
Asian equities edge higher on stimulus story Incoming Treasury Secretary Janet Yellen made all the right noises as far as Wall Street was concerned at her confirmation hearing overnight. Wall Street responded overnight with a thumbs-up, buying equities and selling the US dollar. They wanted to hear
Canadian dollar dips on mixed data
The Canadian dollar is down slightly in the Monday session. Currently, USD/CAD is trading at 1.2759, up 0.22% on the day. Short squeeze boosts US dollar The week ended on a high note for the US dollar, which recorded broad gains. USD/CAD is in positive territory again on Monday, and the pair touched
Equities climb on Yellen dovishness
Equities move higher on Yellen stimulus tailwinds All eyes are on the confirmation hearing for Janet Yellen, who is expected to be confirmed as US Treasury Secretary. Ms Yellen, the Federal Reserve’s former head, will testify that the US risks a more prolonged recession and long-term damage to the e
Oil pares gains, gold eases, bitcoin pulls back
Oil pares gains Oil prices are pulling back once again today, with WTI just below $53, off just over 1% on the day. We may be seeing a little profit taking in crude prices against the backdrop of a stronger dollar. They’ve been on a remarkable run in recent months but the dollar is enjoying a modest
US dollar heads higher
The US dollar short squeeze resumes The US short squeeze resumed in earnest on Friday, with the dollar index rising 0.54% to 90.73, leaving the index just shy of one-month highs. Despite US yields easing, the dollar firmed as investor’s nerves arose about the Trump administration’s last days, as wel
UK GDP slides but beats forecast
The British pound has lost ground in the Friday session. Currently, GBP/USD is trading at 1.3645, down 0.29% on the day. The markets are awaiting the release of US Retail Sales (13:30 GMT). UK GDP contraction smaller than expected The markets were braced for a sharp decline in UK growth for November
Kiwi rises as business confidence improves
The New Zealand dollar has posted gains in the Tuesday session, erasing the losses seen on Monday. Currently, NZD/USD is trading at 0.7126, up 0.320 on the day. NZ business confidence improves There was good news from the New Zealand Institute of Economic Research (NZIER) Business Confidence Index.
ECB minutes raise concerns over euro
It has been a relatively quiet week for the euro. Currently, EUR/USD is trading at 1.2124, down 0.25% on the day. ECB notes low inflation, high exchange rate The ECB released the minutes of its December meeting on Thursday. The release did not shake up the euro, but could provide some insights as to
US dollar edges lower in Asia
US dollar retreats from overnight gains The dollar index spiked higher overnight, testing resistance at 91.00 before falling back to finish the session almost unchanged at 90.75. In Asia, the index has eased to 90.68 in subdued trading. The 50-day moving average (DMA) at 91.00 capped gains precisely
Commodities, Cryptos, and FX: King dollar sends risky assets lower
Oil Crude prices tumbled from a 10-month high as the dollar rebound resumed following sluggish US economic data that painted a darker short-term outlook for the world’s largest economy. Oil needed a big catalyst to keep the recent rally going so energy traders didn’t need much to head for the sideli
Yellen sends the dollar lower
Yellen’s stimulus testimony weighs on dollar Janet Yellen testified on Tuesday at her confirmation hearing for US Treasury Secretary. Yellen’s remarks on additional US stimulus, to the tune of USD1.9 trillion, triggered gains for equities but losses for the US dollar. The US dollar edged lower as Ms
Pound hits 32-month high
The British pound has posted slight gains in the Tuesday session. Currently, GBP/USD is trading at 1.3619, up 0.25% on the day. Pound breaks 1.37 level The British pound has posted modest gains this week, but the currency did reach a milestone of sorts earlier on Wednesday. The pound briefly broke a
Pull-up Update
