Indian Stock Markets depend a lot on global cues, so here is a summary on what to expect for the week ahead.
What does this forex news mean to the Indian Stock Markets ?
Simple -- Its a Buying Time, Go Shopping.
- FOMC Fed is likely to cut rates by 25bps given the worsening housing data, leading to further dollar weakness and hence JUMP in BSE Sensex
- Markets are aggressively increasing the odds of a rate 25bps on Oct 31 after terribly bad housing data in the past two weeks, with interest rates implying over 90% chance now
- Commodity currencies will continue to be driven by strength in oil and gold prices. Canadian dollar will also be sensitive to the release of Aug GDP. Australia retail sales and trade balance as well as New Zealand trade balance will be eyed too.
What does this forex news mean to the Indian Stock Markets ?
Simple -- Its a Buying Time, Go Shopping.