#nifty #niftybank #USDINR #rupee
Gravestone Doji formed by BankNifty on weekly timeframe
Making sense of macro economic and market narratives
MacroMeow
@ImUrSatan
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Simplified Macro for traders.
Making sense of macro economic and market narratives
Making sense of macro economic and market narratives
#nifty #niftybank #USDINR #Rupee
https://in.tradingview.com/chart/BANKNIFTY/juxf56Wu-Hourly-H-S-formation-Will-it-breakdown/
#Nifty #niftybank #USDINR #Rupee
$1.5Trillion of corporate loans suffereing from higher interest rates
Imagine how much emerging market govts are suffering from higher interest rates
Why a $1.5 trillion source of corporate financing is choking on higher rates
A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty.
#Nifty #niftybank #USDINR #Rupee
This is most important data the FED is interested in before holding of on rate hikes.
https://www.reuters.com/markets/us/feds-rate-policy-path-what-data-says-2023-06-30/
Explainer: The Fed's rate policy path, and what the data says
U.S. central bankers have signaled they are likely to resume their <a href="https://www.reuters.com/graphics/USA-ECONOMY/FED/lgpdwawwzvo/index.html" target="_blank">interest-rate hike campaign</a> after holding rates steady at 5%-5.25% in June, but say their decision will depend on the economic data in the weeks leading up to their next rate-setting meeting, on July 25-26.
Bank nifty is out of wedge pattern but faces strong supply ahead
Looks like it will reverse and retest the wedge support
Bitcoin has completed head and shoulder on daily time frame .
Currently consolidating above the H&S pattern for about three weeks.
Time to breakout or breakout failure.
Currently consolidating above the H&S pattern for about three weeks.
Time to breakout or breakout failure.
Nifty is consolidating and is forming a continuation H&S on weekly.
However with current macro situation and uncertainty,
its unlikely to complete and breakout.
Therefore a break below the shoulder level support of 16800 is crucial
Reserve Bank of India has conveyed to the market that they are close to the end of rate hiking cycle.
India has not increased rates as much as FED or most of other DM central banks
Indian rupee is close to end of consolidation above the long term wedge. Is it going to lose more value and reach towards 88?
#Nifty #Banknifty #USDINR #Rupee
https://www.tradingview.com/chart/USDINR/WVPmPLB8-USDINR-Weekly-consolidation/
USDINR-Weekly consolidation
Reserve Bank of India has conveyed to the market that they are close to the end of rate hiking cycle. India has not increased rates as much as FED or most of other DM central banks Indian rupee is close to end of consolidation above the long term wedge. Is it going to lose more value and reach towards 88? #Nifty #Banknifty #USDINR #Rupee