Daily Report of Currency, Equity, Commodity and Bonds
Report for Tuesday, 08 September 2026
Headlines
- Asia stocks waver as yen surges, Iran warns of retaliation
- Indian rupee’s familiar push-pull set to persist with oil pressure, RBI response
- Oil prices rise to six-week highs on worsening Middle East conflict
- Gold eases as strong US jobs data boosts Fed rate-hike bets
- Indian Markets Likely to Open Lower as Crude Prices Rise; GIFT Nifty, Global Cues in Focus
- Yen extends rally to new seven-month high; dollar subdued ahead of CPI
Currency
Equity
Commodity
Economic Events
Detailed Report
Currency
Indian Rupee
The Indian rupee is likely to open little changed on Tuesday, caught once again between pressure from higher oil prices, dollar demand from companies looking to hedge their FX exposure and the central bank’s persistent presence in the market.
The rupee is expected to open in the 94.48 to 94.50 range, per traders, having settled at 94.4850 to the dollar on Monday.
Other Currencies
The Japanese yen climbed to fresh seven-month highs against the U.S. dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a Bank of Japan interest-rate hike while the dollar was subdued ahead of CPI data this week.
The yen strengthened to as much as 153.53 per dollar in morning trading, surpassing levels reached during Japan’s July intervention and hitting its strongest since February.
The dollar index , which measures the greenback against a basket of currencies, was a touch weaker at 98.83 amid yen strength. That left the euro and sterling both 0.06% stronger, last at $1.1628 and $1.3549, respectively.
Equity
Indian Equity
Indian benchmark indices are likely open on a negative note on September 8, tracking GIFT Nifty, which was trading marginally lower at around 23,796.5 in early trade.
At close, the Sensex was down 382.62 points or 0.50 percent at 76,132.81, and the Nifty was down 118.55 points or 0.50 percent at 23,779.15.
Other Equity
The yen surged on Tuesday, while Asian markets struggled for direction as a mixed batch of regional economic data and fresh Iranian threats in the Persian Gulf drove oil prices and bond yields higher.
Japan’s Nikkei 225 fluctuated between gains and losses before edging up 0.2%, as the yen jumped as much as 0.6% to 153.51, its strongest level since February 18.
The U.S. dollar index , which measures the greenback’s strength against a basket of six currencies, was trading around a two-week low of 98.82.
Commodity
Oil
Oil prices rose to a six-week high on Monday as Iran vowed to strike energy infrastructure across the Middle East in response to further U.S. attacks on its assets, the latest escalation in a conflict that has sharply reduced oil supply from the region.
Brent crude futures rose $1.03, or 1.1%, to settle at $97.31 a barrel, after hitting their highest point since July 24 at $98.06. Brent futures settled around 1:30 p.m. EDT (1730 GMT), about an hour earlier than their usual settlement time due to the Labor Day holiday in the United States
Gold
Gold eased on Monday after Friday’s robust U.S. jobs report bolstered expectations for a Federal Reserve interest rate hike this month, while investors awaited key inflation data for further clues on the monetary policy outlook.
Spot gold was down 0.4% at $4,410.55 per ounce by 01:51 p.m. E.T (1751 GMT). U.S. gold futures for December delivery fell 0.5% to $4,456.40, with trading volumes low due to a U.S. holiday.
Economic Calendar
| Tuesday, September 8, 2026 (9:15) | ||||
| Time | Currency | Event | Previous | Consensus |
| 17:45 | US | ADP Employment Change Weekly | 11.80K | |
| 18:45 | UK | MPC Member Ramsden Speaks | ||
| 18:45 | UK | BoE Gov Bailey Speaks | ||
| 20:30 | US | NY Fed 1-Year Consumer Inflation Expectations (Aug) | 3.60% | |
| 20:30 | EU | ECB’s Elderson Speaks | ||
| 22:30 | US | 3-Year Note Auction | 4.29% | |
Disclaimer: All information in this report is collected from various sites on the internet. Although we have taken all precautions for the correct representation of data, we do not take any responsibility for any errors and omissions. The technical analysis and views expressed are the author’s views. We are not responsible for any losses on account of following the same.
Sources
Prepared by
Aakanksha Singh
(Research Analyst)