Gold price rose by Rs 80 to Rs 60,660 per 10 gram in the national capital on Monday amid gains in rates of the precious metal internationally, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 60,580 per 10 gram. Silver also climbed Rs 260 to Rs 76,040 per
Asian trading remains relatively subdued today, with the exception of Yen’s ongoing selloff. Meanwhile, Dollar attempts a weak recovery, while Euro and New Zealand Dollar are softer for now. The focus may shift away from the greenback this week, as significant data releases from other regions take center stage. Specifically, CPI data from the UK,
Share: In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, USD/CNH is expected to stick to the current range bound theme between 6.8500 and 6.9200 for the time being. Key Quotes 24-hour view: “We expected USD to trade with a downward bias last Friday but we held
GBPUSD falls to trendline support In a previous post on the GBPUSD, we discussed the breaking of the converged 100/200 moving averages and the swing area down to 1.24208 in GBPUSD . A further decline would target the upward sloping trendline and Wednesday’s low near 1.23974. Currently, the pair is testing this low and the
These were the two currencies that were in focus last week and were highlighted earlier here as well, after having seen the dollar hang on right at the edge on Friday. EUR/USD is now down 0.3% to 1.0965 with GBP/USD down 0.3% as well to 1.2375 on the day. It’s still early in the session
Oil prices rose on Friday after the West’s energy watchdog said it expected global demand to rise to a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency (IEA) also warned that output cuts announced by OPEC+ producers could exacerbate an oil supply deficit and hurt consumers.
Share: NZD/USD is holding near the 0.6200 psychological area. Fed sentiment remained the main driving force. NZD/USD dropped sharply on Friday as the US Dollar resurged as a hawkish narrative surrounding the Federal Reserve resurfaced. NZD/USD dropped to a low of 0.6195 from a high of 0.6314 and is stabilizing around 0.62 the figure currently. On Friday,
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EURUSD stalled between cluster of swing area The EURUSD selling continued into the morning session and in the process moved into a swing area defined by the 100 hour MA at 1.09664, and the 38.2% up at 1.09818. In between was the high from last week at 1.09728.. The low stalled at 1.09717 right near
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In today’s tech industry, there is a high demand for professionals with expertise in fields such as artificial intelligence, data science, cybersecurity, and cloud computing. Companies are seeking individuals with a combination of technical and soft skills, including strong communication, problem-solving, and collaboration abilities. Here are five tips to land a tech job. Build a
Spot gold closed with a loss of 0.20% on the week as the yellow metal closed at $2004.26. The US Dollar Index at 101.58 was nearly 0.45% lower, while US ten-year yields closed around 3.10% higher at 3.515%. The yellow metal tumbled 1.74% Friday. The University of Michigan’s one-year consumer inflation expectations served as a
Share: Sentiment deterioration, amidst mixed Fed signals, weakened the NZD. Inflation expectations in the United States moved higher, according to Americans. NZD/USD traders are eyeing next week’s NZ CPI report. NZD/USD snapped two days of consecutive gains and slid past the 200, 50, and 100-day Exponential Moving Averages (EMAs) on a risk-off impulse spurred by
In this article, we will explore wheat futures technical analysis and provide a price forecast based on current market trends. We’ll also discuss potential trading strategies and risk management for those interested in wheat-related assets. Wheat futures breakout of an ascending wedge on the 4-hour time frame Next probable target: 700 round number Potential retest
USDCAD daily MUFG Research maintains a short USD/JPY exposure (spot ref: 134:70) in its TOTW portfolio with a target at 129.00, and a stop at 138.50. “We are maintaining a short USD/JPY trade idea. While there are risks of further increases in US short-term yields, we doubt USD/JPY will gain to the same extent of
VoVL, the oil and gas exploration company of Videocon Industries, Thursday approved a conditional sale of two oil basins to Eneva S A and one to PetroRio, said people aware of the development. However, before selling the oil basins to the Brazilian gas operators, the lenders must give VoVL’s joint venture partner Bharat Petroleum Corp