Indicator notes

Pressure on the Kazakhstani tenge on July 25, 2025: 57.4 out of 100, in the “High pressure” zone. The previous reading, on July 24, 2025, was 49.3 (“Moderate pressure”): the indicator rose by 8.1 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 4 trading days in a row. Biggest component moves: “Currency weakening” at 88.4 versus 70.5 and “Exchange rate volatility” at 51.3 versus 36.7. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on July 24, 2025: 38.8 out of 100, in the “Fear” zone. The previous reading, on July 23, 2025, was 50.6 (“Neutral”): the index fell sharply by 11.8 points and crossed the 45 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. Before that the index had stayed in the “Neutral” zone for 4 trading days in a row. Biggest component moves: “Stock price strength” at 49.5 versus 93.8 and “Sector momentum” at 28.3 versus 31.4. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on July 24, 2025: 51.1 out of 100, in the “Neutral” zone. The previous reading, on July 23, 2025, was 40.7 (“Fear”): the index rose sharply by 10.4 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Fear” zone for 16 trading days in a row. Biggest component moves: “Stock price strength” at 89.4 versus 50.2 and “Sector breadth” at 42.2 versus 40.8. This describes that date's reading; it is not a forecast.

Pressure on the Azerbaijani manat on July 24, 2025: 41.1 out of 100, in the “Low pressure” zone. The previous reading, on July 23, 2025, was 49.4 (“Moderate pressure”): the indicator fell by 8.3 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 14 trading days in a row. Biggest component moves: “Central bank policy rate” at 33.0 versus 66.4 and “International reserves” at 33.4 versus 33.3. This describes that date's reading; it is not a forecast.

Pressure on the Kyrgyzstani som on July 24, 2025: 44.8 out of 100, in the “Low pressure” zone. The previous reading, on July 23, 2025, was 45.2 (“Moderate pressure”): the indicator fell slightly by 0.4 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 21 trading days in a row. Biggest component moves: “Currency weakening” at 32.0 versus 35.0 and “Exchange rate volatility” at 18.8 versus 17.2. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on July 24, 2025: 51.8 out of 100, in the “Moderate pressure” zone. The previous reading, on July 23, 2025, was 55.4 (“High pressure”): the indicator fell by 3.6 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. The indicator spent a single trading day in the “High pressure” zone. Biggest component moves: “Exchange rate volatility” at 45.0 versus 58.3 and “Currency weakening” at 49.6 versus 50.9. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on July 23, 2025: 55.4 out of 100, in the “High pressure” zone. The previous reading, on July 22, 2025, was 54.9 (“Moderate pressure”): the indicator rose slightly by 0.5 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. The indicator spent a single trading day in the “Moderate pressure” zone. Biggest component moves: “Currency weakening” at 50.9 versus 48.0 and “Exchange rate volatility” at 58.3 versus 59.7. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on July 22, 2025: 46.1 out of 100, in the “Neutral” zone. The previous reading, on July 21, 2025, was 34.1 (“Fear”): the index rose sharply by 12.0 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Fear” zone for 6 trading days in a row. Biggest component moves: “Stock price strength” at 92.3 versus 48.3 and “Sector breadth” at 13.0 versus 10.0. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on July 22, 2025: 54.9 out of 100, in the “Moderate pressure” zone. The previous reading, on July 19, 2025, was 55.1 (“High pressure”): the indicator fell slightly by 0.2 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “High pressure” zone for 25 trading days in a row. Biggest component moves: “Currency weakening” at 48.0 versus 48.3 and “Exchange rate volatility” at 59.7 versus 59.8. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on July 21, 2025: 34.1 out of 100, in the “Fear” zone. The previous reading, on July 18, 2025, was 44.1: the index fell sharply by 10.0 points. That meets our shift threshold of 10 points; the zone did not change. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index has now spent 6 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 48.3 versus 95.1 and “Sector momentum” at 41.0 versus 33.2. This describes that date's reading; it is not a forecast.

High-yield bond market stress on July 21, 2025: 74.4 out of 100, in the “High pressure” zone. The previous reading, on July 18, 2025, was 75.5 (“Extreme pressure”): the indicator fell slightly by 1.1 points and crossed the 75 boundary. The “High pressure” zone covers readings from 55 to 75: stress in the high-yield bond market is clearly above usual. Before that the indicator had stayed in the “Extreme pressure” zone for 24 trading days in a row. Biggest component moves: “Price lag behind the market” at 87.6 versus 89.6 and “Yield spread over government bonds” at 61.2 versus 61.4. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on July 20, 2025: 43.6 out of 100, in the “Below-usual interest” zone. The previous reading, on July 13, 2025, was 47.8 (“Usual interest”): the index fell by 4.2 points and crossed the 45 boundary. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. The index spent a single week in the “Usual interest” zone. Biggest component moves: “Searches about deposits” at 27.2 versus 46.5 and “Searches about the dollar rate” at 59.9 versus 49.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Russia on July 20, 2025: 42.8 out of 100, in the “Below-usual interest” zone. The previous reading, on July 13, 2025, was 61.0 (“Elevated interest”): the index fell sharply by 18.2 points and crossed the 55 and 45 boundaries. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. The index spent a single week in the “Elevated interest” zone. Biggest component moves: “Searches about devaluation” at 19.6 versus 73.4 and “Searches about deposits” at 39.4 versus 59.3. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on July 20, 2025: 72.8 out of 100, in the “Elevated interest” zone. The previous reading, on July 13, 2025, was 59.5: the index rose sharply by 13.3 points. That meets our shift threshold of 10 points; the zone did not change. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index has now spent 2 weeks in a row in this zone. Biggest component moves: “Searches about a brokerage account” at 56.1 versus 39.4 and “Searches about buying bitcoin” at 86.2 versus 72.8. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on July 19, 2025: 50.0 out of 100, in the “Moderate pressure” zone. The previous reading, on July 18, 2025, was 42.1 (“Low pressure”): the indicator rose by 7.9 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 27 trading days in a row. Biggest component moves: “Exchange rate volatility” at 37.6 versus 18.8 and “Currency weakening” at 72.5 versus 60.0. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on July 18, 2025: 46.3 out of 100, in the “Neutral” zone. The previous reading, on July 17, 2025, was 37.0 (“Fear”): the index rose by 9.3 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Fear” zone for 12 trading days in a row. Biggest component moves: “Stock price strength” at 87.4 versus 49.4 and “Sector volatility” at 21.9 versus 26.5. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on July 18, 2025: 39.9 out of 100, in the “Fear” zone. The previous reading, on July 17, 2025, was 50.2 (“Neutral”): the index fell sharply by 10.3 points and crossed the 45 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Stock price strength” at 43.1 versus 85.2 and “Sector breadth” at 49.3 versus 48.1. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on July 18, 2025: 45.7 out of 100, in the “Neutral” zone. The previous reading, on July 17, 2025, was 44.9 (“Fear”): the index rose slightly by 0.8 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Sector momentum” at 36.8 versus 32.0 and “Sector volatility” at 34.8 versus 36.4. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on July 18, 2025: 55.6 out of 100, in the “Greed” zone. The previous reading, on July 17, 2025, was 53.6 (“Neutral”): the index rose by 2.0 points and crossed the 55 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Neutral” zone for 4 trading days in a row. Biggest component moves: “Sector momentum” at 61.8 versus 54.5 and “Sector breadth” at 64.4 versus 62.0. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on July 18, 2025: 29.6 out of 100, in the “Fear” zone. The previous reading, on July 17, 2025, was 20.5 (“Extreme Fear”): the index rose by 9.1 points and crossed the 25 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index spent a single trading day in the “Extreme Fear” zone. Biggest component moves: “Stock price strength” at 45.1 versus 6.8 and “Sector volatility” at 49.1 versus 60.8. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on July 17, 2025: 50.3 out of 100, in the “Neutral” zone. The previous reading, on July 16, 2025, was 44.6 (“Fear”): the index rose by 5.7 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Market volatility” at 86.0 versus 68.2 and “Stock price strength” at 64.8 versus 53.5. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on July 17, 2025: 44.4 out of 100, in the “Fear” zone. The previous reading, on July 16, 2025, was 33.4: the index rose sharply by 11.0 points. That meets our shift threshold of 10 points; the zone did not change. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index has now spent 4 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 92.0 versus 48.2 and “Sector momentum” at 29.9 versus 29.1. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on July 17, 2025: 50.2 out of 100, in the “Neutral” zone. The previous reading, on July 16, 2025, was 39.3 (“Fear”): the index rose sharply by 10.9 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Fear” zone for 4 trading days in a row. Biggest component moves: “Stock price strength” at 85.2 versus 43.0 and “Sector breadth” at 48.1 versus 45.9. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on July 17, 2025: 44.9 out of 100, in the “Fear” zone. The previous reading, on July 16, 2025, was 46.0 (“Neutral”): the index fell slightly by 1.1 points and crossed the 45 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. Before that the index had stayed in the “Neutral” zone for 3 trading days in a row. Biggest component moves: “Sector momentum” at 32.0 versus 35.2 and “Sector breadth” at 57.8 versus 58.6. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on July 17, 2025: 20.5 out of 100, in the “Extreme Fear” zone. The previous reading, on July 16, 2025, was 44.1 (“Fear”): the index fell sharply by 23.6 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. Before that the index had stayed in the “Fear” zone for 2 trading days in a row. Biggest component moves: “Stock price strength” at 6.8 versus 81.8 and “Sector volatility” at 60.8 versus 72.9. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on July 16, 2025: 44.6 out of 100, in the “Fear” zone. The previous reading, on July 15, 2025, was 46.4 (“Neutral”): the index fell slightly by 1.8 points and crossed the 45 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Market volatility” at 68.2 versus 94.3 and “Stock price strength” at 53.5 versus 41.2. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on July 16, 2025: 44.1 out of 100, in the “Fear” zone. The previous reading, on July 15, 2025, was 26.8: the index rose sharply by 17.3 points. That meets our shift threshold of 10 points; the zone did not change. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index has now spent 2 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 81.8 versus 12.3 and “Sector volatility” at 72.9 versus 76.1. This describes that date's reading; it is not a forecast.

Ether fear and greed index on July 16, 2025: 81.2 out of 100, in the “Extreme Greed” zone. The previous reading, on July 15, 2025, was 74.0 (“Greed”): the index rose by 7.2 points and crossed the 75 boundary. The “Extreme Greed” zone covers readings from 75 to 100: optimism is close to its limit and risk is taken eagerly. Before that the index had stayed in the “Greed” zone for 4 trading days in a row. Biggest component moves: “Implied volatility” at 65.1 versus 51.1 and “Funding rate” at 83.8 versus 70.0. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on July 16, 2025: 44.9 out of 100, in the “Low pressure” zone. The previous reading, on July 15, 2025, was 46.0 (“Moderate pressure”): the indicator fell slightly by 1.1 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 9 trading days in a row. Biggest component moves: “Exchange rate volatility” at 57.4 versus 61.8 and “Currency weakening” at 23.1 versus 22.7. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on July 15, 2025: 46.4 out of 100, in the “Neutral” zone. The previous reading, on July 14, 2025, was 41.2 (“Fear”): the index rose by 5.2 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Fear” zone for 2 trading days in a row. Biggest component moves: “Market volatility” at 94.3 versus 48.1 and “Safe haven demand” at 20.7 versus 30.7. This describes that date's reading; it is not a forecast.