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 2.66%-2.75% and closed at 2.69% i.e. almost at same level in last 3 days.
DVY is currently trading at 105.75
Although DXY has fallen from high of 109.14 made on 14th July, it is still in upside trend in mid term.
Crude Oil Market
Brent futures for October expiry has come down below its all major Moving averages viz 10-20-50
Yesterday it fell further from 97.5 to low of 93.26 and is presently trading at 94.39
It can again give a pull back to 96 before falling further. Due to China Taiwan tensions it is expected that the manufacturing and thus requirement for energy in China may get a hit.
The USD INR yesterday made high of 79.83 but could not sustain the move, made inverted hammer candle and closed at 79.36.
Mrkt shall take further cues from the MPC outcome today and the commentary.
Front loaded rate hike can control the Hot money outflows and strengthen the Rupee.
The domestic 10 year Gsec yield for 6.54% GS 2032 paper opened gap down at 7.22% against previous close of 7.24%.
It couldn’t fill the gap and due to strong buying fell to close at 7.16. This was the level last seen on 4th May.
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|
|CPI (YoY) (Jul) [IN]||7.04||7.03||10/08/22||12/08/22|
|Industrial Production (YoY) (Jun) [IN]||7.10||20.60||10/08/22||12/08/22|
|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|
|GDP (QoQ) (Q2) [GB]||0.80||0.00||10/08/22||12/08/22|
|Trade Balance (USD) (Jul) [CN]||78.8||75.7||05/08/22||08/08/22|
|French CPI (YoY) [EU]||5.80||6.00||10/08/22||12/08/22|
|FX Reserves, USD [IN]||580.3||571.6||03/08/22||05/08/22|
|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|
|FX Reserves, USD [IN]||571.6||573.9||10/08/22||12/08/22|
|Foreign Bonds Buying [JP]||112.0||37.1||09/08/22||11/08/22|
|Deposit Growth [IN]||9.80||8.40||10/08/22||12/08/22|
|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|