Recovery elongates on softer DXY, oil advances gradually

Asian indices have extended their recovery as the DXY weakens on lower estimates for US economic data. As per the market consensus, the US Durable Goods Orders are seen at 0.1% vs. 0.5% reported earlier. Oil prices have rebounded as investors have started underpinning the supply constraints. Markets in the Asian domain have extended their … Read more

Vulnerable ahead of US Inflation, China jumps on mixed inflation data

Asian equities are facing intense selling pressure on the souring market mood. Lower-than-expected Chinese inflation has supported the respective indices. Oil prices are subdued, however, the upside looks favored on an extreme shortage of oil supply. Markets in the Asian domain are trading weak as investors are speculative over the release of the US inflation. … Read more

Rebounds on pleasant market mood, DXY plunges, oil near $115.00

A broad-based optimism has been witnessed in the markets as Fed rate hike fears faded. The DXY has refreshed its monthly lows at 101.43, more downside looks possible. Oil prices are boiling on renewed supply concerns. Markets in the Asian domain have rebounded strongly after following positive cues from the Western indices. The risk-on impulse … Read more

Modestly positive on positive cues from Wall Street, DXY flat, oil above $110.00

Asian indices are following the footprints of the positive closing of Wall Street. The DXY is trading subdued ahead of the US GDP, which is seen stabled at -1.4%. Oil prices are expected to scale higher amid rising uncertainty over Europe’s embargo on Russian oil. Markets in the Asian domain are auctioning positively, following the … Read more