Good morning Treasurers,
This is your host Priyancka Mahore, from Knight Fintech and you are listening to Knight Snippets. Here is what you need to know before going into trade for the day.
International market news:
The US yield 10 year bond yield yesterday traded in range of 2.70-2.85% and closed at 2.71% i.e. at same yield where it closed previous day.
DVY is currently trading at 106.28
DXY rebounded 2 days back from 50 day moving average and is currently trading at 10 and 20 dsay MA. A slight move above can show strength and we may again see it above 107.
Crude Oil Market
Brent futures for October expiry has come down below its all major Moving averages viz 10-20-50
Yesterday it came down and also closed below its 200 DMA which is a signal of major long term trend change.
Last time on 14th July Brent was below 200 DMA but buying forced it to move higher and close above it.
As expected in yesterday podcast alongwith reasons, USD made a strong bullish candle yesterday right from opening.
It opened at 78.63 which was also the low of the day and continuously move higher to close at 79.13 after making day high of 79.23
The pair took support from Ichimoku cloud and 50 DMA, however it is still below 10 and 20 DMA.
Above 79.34 it can again start upside journey if got support from DXY also.
Due to upmove in US 10 year yield , the domestic 10 year Gsec yield for 6.54% GS 2032 paper opened gap up at 7.25% against previous close of 7.20%
To move higher it has to confront the long marubozu candle made day before yesterday.
The yield will take further cues from the MPC outcome and commentary.
That's it for today.
See you tomorrow with the new episode from Knight Snippets.
|Interest Rate Decision [IN]||4.40||4.80||02/08/22||04/08/22|
|PPI (MoM) (Jul) [JP]||0.1000||0.5000||08/08/22||10/08/22|
|Bank lending (YoY) (Jul) [JP]||0.70||1.30||05/08/22||08/08/22|
|CPI (MoM) (Jul) [BR]||0.47||0.70||06/08/22||09/08/22|
|PPI (MoM) (Jul) [US]||0.90||0.80||09/08/22||11/08/22|
|Unemployment Rate (Jul) [US]||3.60||3.60||03/08/22||05/08/22|
|Foreign Reserves USD (MoM) (Jul) [SG]||345.3||314.3||05/08/22||08/08/22|
|German CPI (MoM) (Jul) [EU]||0.1000||0.6000||08/08/22||10/08/22|
|Trade Balance (Feb) [RU]||26.7||21.2||09/08/22||11/08/22|
|Foreign Bonds Buying [JP]||-910.2||107.9||02/08/22||04/08/22|
|CPI (YoY) (Jul) [BR]||11.7||11.9||06/08/22||09/08/22|
|Inital Jobless Claims [US]||261,000||253,000||02/08/22||04/08/22|
|Cash Reserve Ratio [IN]||4.50||4.50||03/08/22||05/08/22|
|Services PMI [JP]||52.6||50.4||01/08/22||03/08/22|
|Trade Balance (USD) (Jul) [CN]||78.8||75.7||05/08/22||08/08/22|
|Retail Sales (QoQ) (Q2) [AU]||7.90||1.00||01/08/22||03/08/22|
|FX Reserves, USD [IN]||580.3||571.6||03/08/22||05/08/22|
|Nikkei Services PMI (Jul) [IN]||58.9||58.7||01/08/22||03/08/22|
|Cash Reserve Ratio [IN]||4.50||4.50||02/08/22||04/08/22|
|CPI (YoY) (Jul) [US]||8.60||8.80||08/08/22||10/08/22|
|M3 Money Supply [IN]||8.90||7.90||08/08/22||10/08/22|
|Interest Rate Decision [IN]||4.40||4.80||03/08/22||05/08/22|
|PPI (MoM) (Jun) [EU]||1.20||1.00||01/08/22||03/08/22|
|Foreign Bonds Buying [JP]||112.0||37.1||09/08/22||11/08/22|
|Inital Jobless Claims [US]||245,000||259,000||09/08/22||11/08/22|
|Foreign Reserves (USD) (Jul) [JP]||1,330||1,311||03/08/22||05/08/22|
|M3 Money Supply (Jul) [JP]||2,056||2,062||06/08/22||09/08/22|