Some readers seem to confuse this post as an “expectation”. This is an excerpt from my blog and is a pre-market analysis of a macro narrative of global and domestic markets and how they are likely to affect markets today. The analysis shows probabilities that should not be confused with forecasting.
Click here to view details. be in touch Twitter To get regular daily updates
Pre-market show on June 10
The market expected that the Fed would do nothing to damage the record
US and European markets are close to all-time highs
The US dollar index continues to trend downward.
Asian markets are mostly trading in positive territory this morning
Uncertainty surrounds the Fed’s policy decision and economic outlook tonight
DIIs earnings continue to be booked
The purchases of fish industries companies in moderation
Global Markets: – Coherent and on standby
After the record high, European and US markets consolidated for a second day awaiting the Federal Reserve’s policy decision scheduled for tonight. The sharp rally was originally caused by massive stimulus from the US and European central banks. Therefore, it is clear that the markets are nervous about the upcoming Fed decision.
Economists are also interested in printing money and are looking for a hint from the Federal Reserve. So, the direction of the global market depends on what the Fed will do tonight.
Asian markets this morning: Mostly positive
Most of the Asian markets are trading in positive territory this morning except for the Chinese markets. SGX Nifty is trading about 50 pips above Nifty’s close yesterday.
The Trade Balance and Import and Export figures will be released tomorrow after the market closes. The Fed policy decision which is the most important event for the global market at the moment will be released tonight.
India : How powerful is Nifty?
Indian markets were rising on the back of global risks to the mood. There were no positive local triggers. Therefore, the Fed’s policy decision assumes great significance for Nifty as well. Purchases by fisheries industries companies are declining, while direct investment indicators continue to gain significant profits. The broader market prior decline turned negative yesterday.
Where will Nifty go today? Click here to find out
Disclaimer: The author is not responsible or liable, directly or indirectly, for any form of damage that results from the use (or misuse of) the information contained in this publication or by implied. This should not be relied upon as a source of financial, investment or business advice. What works for one individual may not work for anyone else. Always consult and check with your financial advisor. I am an active trader so I have a conflict of interest with everything I have mentioned here.