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Despite the OPEC+ group’s recent decision to extend their production cut, weakness continued in global oil markets on faltering demand from China and swelling American supplies. Escalating geopolitical tension also added pressure on the demand outlook of the commodity. Oil has been trading in a tight range since the second half of 2022. It was

Dollar regained some strength in early US session, after a volatile week marked by high-profile events, including the US presidential election and Fed’s rate decision. The greenback’s pullback from its post-election spike now appears to be more of a consolidation rather than reversal of its bullish momentum. However, Dollar bulls may need to wait until

MUFG anticipates a resumption of USD appreciation over the coming months, following a brief pullback post-election. President-elect Trump’s strong mandate and planned policies on trade tariffs, tax cuts, and increased fiscal spending are expected to support higher yields and drive USD strength, particularly over the next 3-6 months. Key Points: Trump Policy Impact: Trump’s policies—tariffs,

ETMarkets.com| Nov 08, 2024, 03:51:36 PM IST 1/6 Profit Booking Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday’s trading session, five stocks witnessed a long unwinding. Here’s the list: ANI 2/6 Deepak Nitrite

Yen jumps broadly in Asian trading today, boosted by heightened government warnings against the recent selloff on the currency. Japanese Finance Minister Katsunobu Kato issued a strong statement addressing the “one-sided and drastic moves” in Yen, confirming that the government is monitoring the situation with the “utmost sense of urgency.” He emphasized Japan’s commitment to

Once again, Beijing is finding out that they have a rather tough crowd to please. After the conclusion of the NPC meeting today, officials announced a ¥6 trillion plan to refinance local government debt (added context) as seen here. The figure there is as expected, matching the split of the supposed ¥10 trillion stimulus package

ETMarkets.com| Nov 08, 2024, 01:59:31 PM IST 1/7 Top Performers Indian benchmark equity indices were marginally lower on Friday, as concerns around corporate earnings and foreign outflows offset gains in information technology stocks after the US Federal Reserve’s widely-anticipated interest rate cut. However, six large and midcap stocks from the Nifty 200 index reached new

Dollar continued to weaken in early US session, erasing the strong gains it enjoyed following Donald Trump’s election victory. The greenback has turned negative for the week against several major currencies, suggesting that the initial post-election optimism has waned. Investors are now shifting their attention to Fed’s upcoming rate decision for guidance on Dollar’s next

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

Written by , ETMarkets.com| Nov 07, 2024, 09:00:26 PM IST 1/3 Stock Ideas Domestic market ended with deeper cuts while eroding Wednesday’s gain over the Trump trade. Disappointing Q2 and persistent selling by FIIs continue to dampen market sentiment. “Investors are now shifting their attention to the upcoming Fed policy meeting and domestic public outlay, which

Dollar saw a modest pullback in Asian session today, easing off its sharp post-election rally as market enthusiasm stabilized. US equities, including DOW, S&P 500, and NASDAQ, all closed at record highs overnight on strong gains, with DOW particularly outperforming. Meanwhile, 10-year Treasury yield surged to a crucial Fibonacci resistance level that could prove pivotal.

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

ETMarkets.com| Nov 07, 2024, 01:38:33 PM IST 1/6 On A High Indian benchmark indices fell on Thursday, in contrast to their Asian peers, as Hindalco Industries led a slide in metal stocks after its U.S. unit reported a lower quarterly profit. However, five large and mid-cap stocks from the Nifty 200 index reached new 52-week

Following Donald Trump’s clear victory over Kamala Harris in the US presidential election, accompanied by a full Republican “Red Sweep” in Congress, US futures, Treasury yields, and the Dollar all surged sharply higher. Markets are responding favorably to expansionary fiscal policies, tax cuts, and a pro-growth agenda under the new administration. Major European indexes also

George Saravalos at Deutsche Bank makes two spectacular points in the aftermath of the election. 1) Beware regime shifts He’s not talking about the political regime shift here, he’s talking about a regime shift in markets in terms of how cross-asset classes interact. “Global risk assets are taking their cue from US equities and generally

Written by , ETMarkets.com| Nov 06, 2024, 08:12:21 PM IST 1/5 Stock Ideas The Nifty opened on a strong note in Wednesday’s session and thereafter continued to inch upwards on the back of short covering in technology, metal, and auto sectors.“The index has closed near its resistance zone of 24500 and a close above that can

Dollar rallied sharply today after news broke that Republican candidate Donald Trump defeated Democrat Kamala Harris in North Carolina, a crucial battleground state. This win is considered a pivotal move toward Trump’s return to office, sparking significant moves across financial markets. US stock futures responded with enthusiasm, with DOW futures climbing over 500 points. Meanwhile,

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