We had the Dividend story, now the interest part comes later as part of the policy.
Interest rate cuts from the West dominated by Swiss, Canada, Danish and Europe. Russia is later in the day, and our own today.
The expectation and interest is various, 1. incoming inflation (now that the elections are over the various prices rises are expected and arguably factored too. 2. The Monsoon will be watched 3. Any pencilling of fiscal deficit and the numbers will have to wait for the actual budget to be passed.
In sum, it is narrative than the action or push a thought ready to act depending on the developments. It is happening in West, and one has to keep what East is doing. No cut and paste.
From the TA perspective, the larger damage is averted. Hence some confidence coming back.
The picture has large bullish Maribouzu. The low or open of this candle is 48300 and that is the line in sand for the bulls or bears as the case may be.
Yesterday high is the top and 48300 is the bottom is easy to pencil and work towards.
In between 48600-48900 as supports. Watch any political noise that can appear, rest assured, market would like to have a peaceful week for now than a piercing the range.
Interest rate cuts from the West dominated by Swiss, Canada, Danish and Europe. Russia is later in the day, and our own today.
The expectation and interest is various, 1. incoming inflation (now that the elections are over the various prices rises are expected and arguably factored too. 2. The Monsoon will be watched 3. Any pencilling of fiscal deficit and the numbers will have to wait for the actual budget to be passed.
In sum, it is narrative than the action or push a thought ready to act depending on the developments. It is happening in West, and one has to keep what East is doing. No cut and paste.
From the TA perspective, the larger damage is averted. Hence some confidence coming back.
The picture has large bullish Maribouzu. The low or open of this candle is 48300 and that is the line in sand for the bulls or bears as the case may be.
Yesterday high is the top and 48300 is the bottom is easy to pencil and work towards.
In between 48600-48900 as supports. Watch any political noise that can appear, rest assured, market would like to have a peaceful week for now than a piercing the range.
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.