Market Pulse
India 
17 Sep BirthMarketPulse is a continuous monthly tracking survey of household purchases in urban and rural India.
India 17 Sep Birth
Pound dips as PMIs slow
The British pound has reversed directions on Friday and posted slight losses. Currently, GBP/USD is trading at 1.3729, down 0.28% on the day. The global calendar was unusually light this week, but the UK did provide the markets with some key releases on Friday. Retail sales for June kicked off the d
Euro yawns after ECB meeting
It has been a very quiet day for the euro. In North American trade, EUR/USD is trading at 1.1772, up 0.01% on the day. ECB changes forward guidance On Thursday, the ECB met for the first time since releasing its strategy review. The markets were buzzing ahead of the policy meeting, as ECB President
Currency markets consolidate
ECB meeting a sleeper The ECB policy meeting failed to shake up volatility in currency markets, something I got badly wrong yesterday. With the meeting passing without incident, currency markets settled into a directionless range-trading session, with the US dollar content to continue consolidating
China stocks sag
Tech crackdown sours China markets Bloomberg reports that China regulators are considering severe sanctions on Didi Global Inc over its US IPO this morning. The news sent its US-listed stock sharply lower overnight in New York, and that news, part of a relentless domestic big-tech crackdown by China
Sterling extends rally
The British pound has posted considerable gains for a second consecutive day. Currently, GBP/USD is trading at 1.3767, up 0.37% on the day. It has been a volatile week for the pair, which declined by 1% early in the week but has recovered these losses. Markets eye UK Retail Sales, PMIs It may not qu
AUD rises on sharp business confidence
The Australian dollar has posted gains on Thursday. Currently, AUD/USD is trading at 0.7378, up 0.30% on the day. Australian business conditions jump Business conditions rose sharply in the second quarter, according to the NAB Business Survey. Conditions jumped to 32 in Q2, up from 20 beforehand. Th
Asian equities drift higher
US earnings lift Wall Street Wall Street once again rose overnight, as Monday’s delta-dip became buy-the-dip, supported by strong US corporate earnings. The S&P 500 rose 0.82%, with the Nasdaq climbing 0.92% and the Dow Jones finishing 0.83% higher. US markets shrugged off the procedural defeat
Euro on hold ahead of key ECB meeting
The euro continues to trade quietly this week. In North American trade, EUR/USD is trading at 1.1795, up 0.13% on the day. Market eyes ECB changes to forward guidance The euro has been drifting throughout the week. This was to be expected, as the market awaits the ECB policy meeting on Thursday (11:
Rebound gathers momentum
Earnings give cause for optimism We’re seeing decent gains in stock markets again on Wednesday, with the strong sell-off at the start of the week not quite the deterrent some feared. To put things into perspective, we’re basically back at Friday’s close but importantly, we are seeing real resilience
Dollar pushes yen above 110
The Japanese yen has lost ground for a second straight day. In the North American session, USD/JPY is trading at 110.29, up 0.41% on the day. BoJ can’t get a handle on inflation Bank of Japan minutes are invariably a tame affair, and there were no surprises contained in the minutes from the June mee
Asia markets up but caution prevails
Tentative rally by Asian equities US stock markets staged a tail-chasing buy-the-dip rally overnight, but Asian markets, although mostly higher, have been far more circumspect. Much of the difference can be laid at the door of Covid-19. While the US is enduring surging cases, the economy continues t
The US dollar remains strong
US dollar higher as investors seek safety Safe-haven flows appear to be continuing to flow into US bond markets, with yields falling once again overnight. Those inflows are seeing US dollar buying by international investors, which sees the remaining greenback firm, despite the fall in US yields. Unt
Swiss franc slips as US dollar flexes muscles
The Swiss franc is down considerably in Tuesday trading. In the North American session, USD/CHF is trading at 0.9222, up 0.57% at the day. The US dollar has posted gains across the board against the majors today, and the Swiss franc has not been immune to the dollar’s upswing. The franc was down sha
Commodities & Cryptos: Oil’s bad week, Gold hits a wall at $1835, Bitcoin rises on BAC news
Oil Crude prices are slightly higher after a brutal week saw COVID-19 concerns across Asia and Europe dampen the short-term crude demand outlook, while OPEC+ seems poised to deliver more output. A big driver for oil prices will be Iranian output and that question won’t get answered until well after
Week Ahead – ECB on deck as stimulus debate heats up
Financial markets want to know if the Fed is committed to a sustained inflation overshoot. The bond market flattener trade suggests many market participants think we have seen the peak in yields. Inflationary pressures are showing no signs of easing just yet and the market will soon look to test the
Pull-up Update
