Indicator notes

Russian industrial sector fear and greed index on September 19, 2025: 40.3 out of 100, in the “Fear” zone. The previous reading, on September 18, 2025, was 58.1 (“Greed”): the index fell sharply by 17.8 points and crossed the 55 and 45 boundaries. 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 “Greed” zone for 30 trading days in a row. Biggest component moves: “Stock price strength” at 6.8 versus 56.3 and “Sector momentum” at 48.9 versus 58.2. This describes that date's reading; it is not a forecast.

High-yield bond market stress on September 19, 2025: 23.4 out of 100, in the “Calm” zone. The previous reading, on September 18, 2025, was 26.2 (“Low pressure”): the indicator fell by 2.8 points and crossed the 25 boundary. The “Calm” zone covers readings from 0 to 25: there is almost no sign of stress in the high-yield bond market. Before that the indicator had stayed in the “Low pressure” zone for 5 trading days in a row. Biggest component moves: “Price lag behind the market” at 0.8 versus 5.5 and “Yield spread over government bonds” at 46.0 versus 47.0. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on September 19, 2025: 59.4 out of 100, in the “Greed” zone. The previous reading, on September 18, 2025, was 69.7: the index fell sharply by 10.3 points. That meets our shift threshold of 10 points; the zone did not change. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index has now spent 12 trading days in a row in this zone. Biggest component moves: “Funding rate” at 19.0 versus 50.3 and “Price momentum” at 37.7 versus 46.2. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on September 19, 2025: 44.3 out of 100, in the “Low pressure” zone. The previous reading, on September 18, 2025, was 47.0 (“Moderate pressure”): the indicator fell by 2.7 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 4 trading days in a row. Biggest component moves: “International reserves” at 38.8 versus 51.7 and “Currency weakening” at 75.7 versus 73.9. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on September 18, 2025: 49.2 out of 100, in the “Neutral” zone. The previous reading, on September 17, 2025, was 58.6 (“Greed”): the index fell by 9.4 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 26 trading days in a row. Biggest component moves: “Stock price strength” at 15.4 versus 53.4 and “Sector volatility” at 68.9 versus 60.8. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on September 18, 2025: 46.1 out of 100, in the “Moderate pressure” zone. The previous reading, on September 17, 2025, was 44.2 (“Low pressure”): the indicator rose slightly by 1.9 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. The indicator spent a single trading day in the “Low pressure” zone. Biggest component moves: “Exchange rate volatility” at 54.9 versus 45.3 and “Currency weakening” at 17.6 versus 19.3. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on September 17, 2025: 44.6 out of 100, in the “Fear” zone. The previous reading, on September 16, 2025, was 45.5 (“Neutral”): the index fell slightly by 0.9 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 18 trading days in a row. Biggest component moves: “Sector breadth” at 26.1 versus 29.5 and “Sector volatility” at 84.2 versus 85.0. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on September 17, 2025: 43.6 out of 100, in the “Fear” zone. The previous reading, on September 16, 2025, was 52.8 (“Neutral”): the index fell by 9.2 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: “Stock price strength” at 13.7 versus 49.2 and “Sector volatility” at 72.9 versus 76.3. This describes that date's reading; it is not a forecast.

Ether fear and greed index on September 17, 2025: 56.8 out of 100, in the “Greed” zone. The previous reading, on September 16, 2025, was 54.9 (“Neutral”): the index rose slightly by 1.9 points and crossed the 55 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Price momentum” at 61.0 versus 56.3 and “Funding rate” at 29.5 versus 26.2. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on September 17, 2025: 54.9 out of 100, in the “Moderate pressure” zone. The previous reading, on September 16, 2025, was 55.0 (“High pressure”): the indicator fell slightly by 0.1 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 11.7 versus 12.5 and “Currency weakening” at 60.4 versus 60.0. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on September 17, 2025: 44.2 out of 100, in the “Low pressure” zone. The previous reading, on September 16, 2025, was 45.3 (“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 4 trading days in a row. Biggest component moves: “Currency weakening” at 19.3 versus 22.7 and “Exchange rate volatility” at 45.3 versus 46.4. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on September 16, 2025: 49.8 out of 100, in the “Neutral” zone. The previous reading, on September 15, 2025, was 62.5 (“Greed”): the index fell sharply by 12.7 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 3 trading days in a row. Biggest component moves: “Stock price strength” at 48.7 versus 97.2 and “Sector momentum” at 62.4 versus 64.4. This describes that date's reading; it is not a forecast.

Ether fear and greed index on September 16, 2025: 54.9 out of 100, in the “Neutral” zone. The previous reading, on September 15, 2025, was 60.8 (“Greed”): the index fell by 5.9 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 7 trading days in a row. Biggest component moves: “Funding rate” at 26.2 versus 44.2 and “Implied volatility” at 87.5 versus 91.4. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on September 16, 2025: 55.0 out of 100, in the “High pressure” zone. The previous reading, on September 13, 2025, was 51.0 (“Moderate pressure”): the indicator rose by 4.0 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 6 trading days in a row. Biggest component moves: “International reserves” at 82.4 versus 67.6 and “Currency weakening” at 60.0 versus 56.1. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on September 16, 2025: 15.3 out of 100, in the “Calm” zone. The previous reading, on September 13, 2025, was 34.0 (“Low pressure”): the indicator fell sharply by 18.7 points and crossed the 25 boundary. The “Calm” zone covers readings from 0 to 25: there is almost no sign of pressure on the currency. Before that the indicator had stayed in the “Low pressure” zone for 29 trading days in a row. Biggest component moves: “International reserves” at 0.1 versus 75.9 and “Exchange rate volatility” at 8.3 versus 6.6. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on September 15, 2025: 54.8 out of 100, in the “Neutral” zone. The previous reading, on September 12, 2025, was 56.2 (“Greed”): the index fell slightly by 1.4 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 2 trading days in a row. Biggest component moves: “Sector breadth” at 76.5 versus 78.9 and “Sector volatility” at 70.9 versus 72.5. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on September 14, 2025: 58.7 out of 100, in the “Elevated interest” zone. The previous reading, on September 7, 2025, was 51.3 (“Usual interest”): the index rose by 7.4 points and crossed the 55 boundary. 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 “Usual interest” zone. Biggest component moves: “Searches about deposits” at 73.4 versus 61.2 and “Searches about the dollar rate” at 43.9 versus 41.3. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on September 14, 2025: 32.6 out of 100, in the “Below-usual interest” zone. The previous reading, on September 7, 2025, was 21.0 (“Quiet”): the index rose sharply by 11.6 points and crossed the 25 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 “Quiet” zone for 2 weeks in a row. Biggest component moves: “Searches about deposits” at 77.2 versus 31.7 and “Searches about devaluation” at 0.3 versus 8.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on September 14, 2025: 50.3 out of 100, in the “Usual interest” zone. The previous reading, on September 7, 2025, was 31.1 (“Below-usual interest”): the index rose sharply by 19.2 points and crossed the 45 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 “Below-usual interest” zone for 3 weeks in a row. Biggest component moves: “Searches about deposits” at 43.3 versus 9.3 and “Searches about the dollar rate” at 57.4 versus 52.9. This describes that date's reading; it is not a forecast.

Financial anxiety in Tajikistan on September 14, 2025: 68.3 out of 100, in the “Elevated interest” zone. The previous reading, on September 7, 2025, was 40.1 (“Below-usual interest”): the index rose sharply by 28.2 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 69.6 versus 6.1 and “Searches about the dollar rate” at 67.0 versus 74.0. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on September 14, 2025: 45.4 out of 100, in the “Usual interest” zone. The previous reading, on September 7, 2025, was 74.3 (“Elevated interest”): the index fell sharply by 28.9 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 6 weeks in a row. Biggest component moves: “Searches about a brokerage account” at 28.5 versus 77.2 and “Searches about buying bitcoin” at 29.2 versus 53.5. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on September 13, 2025: 45.3 out of 100, in the “Moderate pressure” zone. The previous reading, on September 12, 2025, was 42.7 (“Low pressure”): the indicator rose by 2.6 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 33 trading days in a row. Biggest component moves: “Exchange rate volatility” at 45.5 versus 33.6 and “Currency weakening” at 77.9 versus 79.5. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on September 12, 2025: 52.1 out of 100, in the “Neutral” zone. The previous reading, on September 11, 2025, was 55.2 (“Greed”): the index fell by 3.1 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 5 trading days in a row. Biggest component moves: “Stock price strength” at 20.4 versus 43.3 and “Safe haven demand” at 29.1 versus 43.8. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on September 12, 2025: 40.1 out of 100, in the “Fear” zone. The previous reading, on September 11, 2025, was 55.0 (“Greed”): the index fell sharply by 14.9 points and crossed the 55 and 45 boundaries. 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 “Greed” zone for 4 trading days in a row. Biggest component moves: “Stock price strength” at 12.3 versus 51.6 and “Sector volatility” at 87.0 versus 97.9. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on September 12, 2025: 62.7 out of 100, in the “Greed” zone. The previous reading, on September 11, 2025, was 74.4: the index fell sharply by 11.7 points. That meets our shift threshold of 10 points; the zone did not change. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index has now spent 2 trading days in a row in this zone. Biggest component moves: “Sector volatility” at 34.8 versus 65.6 and “Sector momentum” at 65.2 versus 76.7. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on September 12, 2025: 56.2 out of 100, in the “Greed” zone. The previous reading, on September 11, 2025, was 69.4: the index fell sharply by 13.2 points. That meets our shift threshold of 10 points; the zone did not change. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index has now spent 2 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 17.4 versus 50.9 and “Sector volatility” at 72.5 versus 82.0. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on September 12, 2025: 54.8 out of 100, in the “Neutral” zone. The previous reading, on September 11, 2025, was 59.9 (“Greed”): the index fell by 5.1 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 5 trading days in a row. Biggest component moves: “Sector volatility” at 73.9 versus 88.2 and “Sector momentum” at 43.8 versus 48.9. This describes that date's reading; it is not a forecast.

High-yield bond market stress on September 12, 2025: 34.8 out of 100, in the “Low pressure” zone. The previous reading, on September 11, 2025, was 51.0 (“Moderate pressure”): the indicator fell sharply by 16.2 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: stress in the high-yield bond market is weaker than usual. The indicator spent a single trading day in the “Moderate pressure” zone. Biggest component moves: “Price lag behind the market” at 22.6 versus 54.6 and “Yield spread over government bonds” at 46.9 versus 47.4. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on September 11, 2025: 74.4 out of 100, in the “Greed” zone. The previous reading, on September 10, 2025, was 75.3 (“Extreme Greed”): the index fell slightly by 0.9 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Stock price strength” at 97.4 versus 99.0 and “Sector breadth” at 58.0 versus 59.2. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on September 11, 2025: 69.4 out of 100, in the “Greed” zone. The previous reading, on September 10, 2025, was 78.2 (“Extreme Greed”): the index fell by 8.8 points and crossed the 75 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 “Extreme Greed” zone for 4 trading days in a row. Biggest component moves: “Stock price strength” at 50.9 versus 90.5 and “Sector volatility” at 82.0 versus 78.1. This describes that date's reading; it is not a forecast.