Indicator notes

Pressure on the Russian rouble on July 30, 2025: 40.0 out of 100, in the “Low pressure” zone. The previous reading, on July 29, 2025, was 23.3 (“Calm”): the indicator rose sharply by 16.7 points and crossed the 25 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 “Calm” zone for 62 trading days in a row. Biggest component moves: “Exchange rate volatility” at 58.8 versus 10.9 and “Currency weakening” at 44.5 versus 25.9. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on July 29, 2025: 45.8 out of 100, in the “Neutral” zone. The previous reading, on July 28, 2025, was 44.5 (“Fear”): the index rose slightly by 1.3 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 2 trading days in a row. Biggest component moves: “Market volatility” at 52.7 versus 64.6 and “Put and call options” at 88.4 versus 79.9. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on July 29, 2025: 39.0 out of 100, in the “Fear” zone. The previous reading, on July 28, 2025, was 50.0 (“Neutral”): the index fell sharply by 11.0 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 5 trading days in a row. Biggest component moves: “Stock price strength” at 48.4 versus 92.7 and “Sector momentum” at 42.0 versus 41.6. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on July 29, 2025: 51.0 out of 100, in the “Neutral” zone. The previous reading, on July 28, 2025, was 39.9 (“Fear”): the index rose sharply by 11.1 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: “Stock price strength” at 89.7 versus 50.3 and “Sector momentum” at 38.8 versus 35.6. This describes that date's reading; it is not a forecast.

Pressure on the Kyrgyzstani som on July 29, 2025: 53.5 out of 100, in the “Moderate pressure” zone. The previous reading, on July 26, 2025, was 43.8 (“Low pressure”): the indicator rose by 9.7 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 3 trading days in a row. Biggest component moves: “Central bank policy rate” at 99.9 versus 57.8 and “Exchange rate volatility” at 12.7 versus 15.9. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on July 28, 2025: 38.3 out of 100, in the “Fear” zone. The previous reading, on July 25, 2025, was 48.4 (“Neutral”): the index fell sharply by 10.1 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. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Stock price strength” at 49.6 versus 87.9 and “Sector momentum” at 25.7 versus 27.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on July 27, 2025: 73.1 out of 100, in the “Elevated interest” zone. The previous reading, on July 20, 2025, was 43.6 (“Below-usual interest”): the index rose sharply by 29.5 points and crossed the 45 and 55 boundaries. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Below-usual interest” zone. Biggest component moves: “Searches about deposits” at 81.1 versus 27.2 and “Searches about the dollar rate” at 65.1 versus 59.9. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on July 27, 2025: 35.6 out of 100, in the “Below-usual interest” zone. The previous reading, on July 20, 2025, was 49.0 (“Usual interest”): the index fell sharply by 13.4 points and crossed the 45 boundary. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. Before that the index had stayed in the “Usual interest” zone for 2 weeks in a row. Biggest component moves: “Searches about the dollar rate” at 46.5 versus 63.1 and “Searches about deposits” at 24.7 versus 34.9. This describes that date's reading; it is not a forecast.

Financial anxiety in Kazakhstan on July 27, 2025: 66.6 out of 100, in the “Elevated interest” zone. The previous reading, on July 20, 2025, was 30.2 (“Below-usual interest”): the index rose sharply by 36.4 points and crossed the 45 and 55 boundaries. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. Before that the index had stayed in the “Below-usual interest” zone for 5 weeks in a row. Biggest component moves: “Searches about devaluation” at 96.5 versus 13.8 and “Searches about the dollar rate” at 88.1 versus 61.2. This describes that date's reading; it is not a forecast.

Financial anxiety in Tajikistan on July 27, 2025: 51.3 out of 100, in the “Usual interest” zone. The previous reading, on July 20, 2025, was 65.4 (“Elevated interest”): the index fell sharply by 14.1 points and crossed the 55 boundary. The “Usual interest” zone covers readings from 45 to 55: searches on the topic are about at their usual level. Before that the index had stayed in the “Elevated interest” zone for 2 weeks in a row. Biggest component moves: “Searches about deposits” at 41.3 versus 67.6 and “Searches about the dollar rate” at 61.2 versus 63.1. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on July 27, 2025: 80.0 out of 100, in the “Surge of interest” zone. The previous reading, on July 20, 2025, was 72.8 (“Elevated interest”): the index rose by 7.2 points and crossed the 75 boundary. The “Surge of interest” zone covers readings from 75 to 100: searches on the topic are far above usual. Before that the index had stayed in the “Elevated interest” zone for 2 weeks in a row. Biggest component moves: “Searches about a brokerage account” at 72.1 versus 56.1 and “Searches about buying bitcoin” at 91.3 versus 86.2. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on July 25, 2025: 44.4 out of 100, in the “Fear” zone. The previous reading, on July 24, 2025, was 48.3 (“Neutral”): the index fell by 3.9 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 6 trading days in a row. Biggest component moves: “Stock price strength” at 41.4 versus 65.6 and “Safe haven demand” at 22.7 versus 33.6. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on July 25, 2025: 48.4 out of 100, in the “Neutral” zone. The previous reading, on July 24, 2025, was 38.8 (“Fear”): the index rose by 9.6 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: “Stock price strength” at 87.9 versus 49.5 and “Sector volatility” at 23.5 versus 22.5. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on July 25, 2025: 39.4 out of 100, in the “Fear” zone. The previous reading, on July 24, 2025, was 51.1 (“Neutral”): the index fell sharply by 11.7 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 50.3 versus 89.4 and “Sector momentum” at 36.2 versus 40.4. This describes that date's reading; it is not a forecast.

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.