Joining us at the wee hours in the morning, Vishal calls in from Mumbai where he is currently teaching a trading class. Merlin and Vishal talk about some of the key levels in the Indian markets, Nifty and bank Nifty. They also look at the US dollar, Japanese Yen, Crude Oil and much more. Vishal give a lot of great insight into how the Indian markets look at data and global news.
Editors’ Picks
EUR/USD: Markets on edge after US “Liberation Day,” turmoil just began
Financial markets navigated tumultuous waters in the first week of April. US President Donald Trump finally unveiled his reciprocal tariffs plan and spurred panic among worldwide investors. EUR/USD peaked at 1.1146 mid-week, its highest since September 2024, to finally settle at around 1.1000.
GBP/USD bounces off one-month low, defends 200-day SMA and retakes 1.2900
The GBP/USD pair attracts some dip-buyers near the 1.2830 region, or over a one-month low touched during the Asian session on Monday and for now, seems to have stalled its retracement slide from a six-month peak touched last week.
USD/JPY hangs near a multi-month low; holds above 145.00 amid mixed cues
USD/JPY kicks off the new week on a weaker note, though it manages to hold above the 145.00 mark. The global carnage, amid the mounting risk of a recession led by Trump's sweeping tariffs, underpins the safe-haven JPY and weighs on the currency pair amid a bearish USD.
Editors’ Picks
AUD/USD tumbles to a five-year low below 0.6000 amid US-China tariffs war
The AUD/USD pair tumbles to near 0.5985 for the first time since the COVID-19 pandemic during the early Asian session on Monday. The Australian Dollar weakens as China slapped a 34% tax on all US imports in retaliation for US President Donald Trump’s tariffs, raising fear of a trade war between the United States and China.
USD/JPY hangs near a multi-month low; holds above 145.00 amid mixed cues
USD/JPY kicks off the new week on a weaker note, though it manages to hold above the 145.00 mark. The global carnage, amid the mounting risk of a recession led by Trump's sweeping tariffs, underpins the safe-haven JPY and weighs on the currency pair amid a bearish USD.
Gold attracts some sellers below $3,000 as Trump's tariffs hit
Gold price faces some selling pressure to around $2,985 during the early Asian session on Monday, pressured by some profit-taking. The precious metal extends the decline as a fall in the US stock market has prompted traders to liquidate gold positions to create the necessary liquidity to cover losses in the stock market.
Week ahead: US CPI and RBNZ decision on tap amidst tariff mayhem
US Dollar traders await US CPI data amid global trade turbulence. RBNZ to cut by 25bps, could maintain dovish stance. China’s CPI and PPI to reveal tariff impact on inflation. Strong UK GDP data could help the pound climb higher.
Strategic implications of “Liberation Day”
Liberation Day in the United States came with extremely protectionist and inward-looking tariff policy aimed at just about all U.S. trading partners. In this report, we outline some of the more strategic implications of Liberation Day and developments we will be paying close attention to going forward.
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