The stock has given a breakout with a strong candle, marking a 6% move in a single day, after continuously facing rejections from the resistance zone of Rs 4,693-4,785 for the last 10 days. The potential target for the stock will be Rs 5,526 as T1, with a stop loss at the Rs 4,480 price
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EUR/USD trades in negative territory for the second consecutive day near 1.0490 in Tuesday’s early European session. Growing concerns about a possible government collapse in France undermine the Euro. US Manufacturing PMI came in stronger than expected in November. The EUR/USD pair loses ground to around 1.0490 during the early European session on Tuesday. The
Dollar started the week on strong footing, buoyed by a combination of technical factors and geopolitical developments. Technically, the greenback bounced after failing to break through near-term support level against Euro last week. Escalating political and trade tensions is giving further fuel to Dollar’s rise. Over the weekend, US President-elect Donald Trump stirred market attention
The AUD/USD moved lower yesterday, testing a key swing area between 0.6433 and 0.6442. Selling pressure eased as the price reached the upper boundary of this zone, where buyers stepped in and the pair rebounded into the close. This recovery pushed the price into a higher swing area between 0.6471 and 0.64817, but the upside
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices edged higher on Tuesday, supported by growing expectations of a U.S. interest rate cut this month, as focus shifted to upcoming economic data for additional insights. FUNDAMENTALS * Spot gold was up 0.1% at $2,642.42 per ounce, as of 0103 GMT, after falling as much as 1% on Monday. U.S. gold futures edged
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on
Cyber Monday has begun as American shoppers peruse Amazon.com for holiday deals. Adobe Analytics estimates that holiday online sales will rise more than 8% compared to 2023. Dow Jones sinks despite gains from AMZN and Boeing on Monday. Amazon founder Jeff Bezos made an investment in an Nvidia AI chip competitor. Amazon (AMZN) stock has gained
Dollar’s rally extended its rally, bolstered by stronger-than-expected ISM manufacturing data. The notable jump in new orders and easing prices suggest an improving outlook for the US manufacturing sector. In the background, the greenback had a head start for the week after US President-elect Donald Trump adopted a firm stance on maintaining the Dollar’s dominance,
Fundamental Overview The US Dollar continues to pull back from the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of strong US
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
This stock needs to clear the hurdle at 8,472, which was marked earlier. If it can stay above this level, 8,900 and 9,400 are the two likely upside targets. Support now stands at 8,050. Volume and RSI need to show strength to push the stock higher. All other technical indicators are currently neutral. (Disclaimer: Recommendations,
FX option expiries for Dec 2 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.0550 828m 1.0600 847m 1.0625 2.3b 1.0700 1.5b GBP/USD: GBP amounts 1.3000 790m USD/JPY: USD amounts 150.00 705m 152.00 590m 152.50 490m AUD/USD: AUD amounts 0.6500 404m
The EURUSD has moved down around -0.38% in the first few hours of trading in the new week, and in the process has moved down to test its 100 hour AM at 1.05305. That MA is just above the 200 hour MA at 1.05188. Both those MAs would need to be broken in the new
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices slipped on Monday, snapping a four-session rally as the dollar firmed, while market participants awaited key U.S. economic data for clues on the Federal Reserve’s monetary policy outlook. FUNDAMENTALS * Spot gold fell 0.7% to $2,633.86 per ounce, as of 0047 GMT. U.S. gold futures edged 0.9% lower to $2,656.40. * The dollar
Silver posts a 1.33% gain on Friday, yet records a weekly loss of 2.30%. Technical outlook neutral with a potential bullish pivot if Silver clears $31.00 resistance. Downward risk persists if Silver falls below $30.35, targeting next support at $30.00. Silver price advanced on Friday and finished the session with gains of over 1.33%, yet
Fundamental Overview Gold continues to find support around some key technical levels as in the bigger picture it remains in a bullish trend amid the Fed’s easing cycle. The corrections will likely be triggered by the repricing in rate cuts expectations. The next big event for Gold will be the US CPI report due in
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