Global Market Overview - 23th May 2025.

📈 FOREX MARKET OVERVIEW

USDINR

• On Friday session Pair commenced trading 85.97/98 levels as dollar corrected.

• Last Session: Rose by 0.62%, hitting an intraday high of 86.1175, and closed around 86.00.

  • Key Insight: This marks a notable move after 3–4 weeks, driven by equity market correction and Dollar strength in the European session.

  • Outlook: Momentum likely to persist absent RBI intervention.

EURUSD

• Current Trend: On an upward trajectory, supported by soft Dollar Index and positive Eurozone data.

• Technical View: Found a base near 1.1200, with potential to test 1.1400.

GBPUSD (Cable)

• Recent Performance: Testing highs from April 28th, 2025 (1.3445).

• Technical Setup: A bullish tone following a Doji candlestick pattern; likely to challenge the 1.3500 resistance level.

USDJPY

• Market Action: Yen correcting; pair currently around 143.45.

• Outlook: May stabilize within 143.00–144.00 zone.

📊 EQUITY MARKETS SNAPSHOT

NIFTY50 & SENSEX

• Weekly Trend: Uptrend intact.

• Daily Trend: Both indices below 5EMA (Targets: Nifty at 24,741, Sensex at 81,350).

• Outlook: Possible short-term rebound to test EMA levels.

BANK NIFTY

• Current Action: Showing signs of base formation around 54,500, though still trading below 5EMA (55,133).

• Momentum Watch: Stability here could provide short-term buying opportunity.

🛢️ COMMODITY MARKET MOVES

Metals

• Lead: +0.55%

• Palladium: +0.52%

• Platinum: +1.02%

• Tin: +0.62%

Energy

• Brent Oil: -0.57%

• Carbon Emission Credits: -0.82%

• Crude Oil: -0.62%

• Outlook: Energy markets facing pressure, likely due to demand concerns or supply adjustments.

Stay tuned for more updates as market conditions evolve.

📌 This commentary is for informational purposes only. Please consult your financial advisor before making investment decisions.