Forex technical analysis and forecast: majors, stocks, and commodities EUR/USD, “Euro vs. US Dollar” Forex technical analysis: EUR/USD made a corrective move to 1.0566 and a downward trend to 1.0482. In the midst of the news, the market conducted a rising impulse to 1.0599 and is now correcting. Today, a fall to 1.0522 is not…
Today’s Nifty 50 and Sensex: The Indian stock market indices are expected to begin higher on Tuesday, matching advances in Asian rivals, despite investors remaining wary of the Israel-Palestine conflict. Gift Nifty indicators also point to a gap-up start for the Indian benchmark index. The Gift Nifty was trading at the 19,615 mark, compared to…
News about the US dollar rate index: On Monday, as Middle Eastern unrest alarmed markets, the safe-haven dollar and the Japanese yen both climbed somewhat. Meanwhile, the dollar gained ground thanks to a strong US employment report – Currency. Reuters’ US dollar rate index: On Monday, as Middle Eastern unrest alarmed markets, safe-haven currencies like…
After Hamas’ unexpected attack on Israel over the weekend threatened to destabilize the Middle East, which is home to numerous main suppliers of petroleum, fuel, and energy to global consumers as well as a crucial maritime bottleneck, oil prices increased by more than 3%. Early Asian trading saw West Texas Intermediate trading above $85 per…
Stocks: Sector-wise, the BSE Realty Index increased by 2%, the BSE Information Technology Index increased by 1.8%, and the BSE Capital Goods Index was up by 1%, while the BSE Power Index was down by 2.5%, the BSE Metal Index decreased by 2.3%, and the BSE Telecom index decreased by 2%. The major indices in…
Following the Bajaj Finance board’s acceptance of a 10,000 crore fundraising plan on Thursday, shares of Bajaj Finserv and Bajaj Finance were among the top two gainers of the Nifty 50 on Friday’s session. After declining for two straight sessions, the BSE share price of Bajaj Finserv opened at 1,560.80 and increased by about 5%,…
Following a two-day review that started on October 4, Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the institution’s monetary policy decision tomorrow (October 6). On Friday, the central bank is expected to continue its aggressive policy stance despite India’s softening inflation report, according to the majority of analysts on D-Street. The economy…
Taking Stock: Market breadth was in the gainers’ favor. 1,361 shares fell, 2,178 shares rose, and 121 shares remained unchanged. The equity benchmarks ended a two-day losing streak on October 5 as a result of a recovery in world markets. The dollar index and US Treasury yields both slightly declined, which also boosted investor confidence….
Plaza Wires IPO: This Wires Limited’s initial public offering (IPO) began accepting subscriptions on September 29, 2023, and it will close on October 5, 2023. This indicates that the deadline for submitting an application for this public issue that is being considered for listing on the BSE and NSE is today. Plaza Wires’ initial public…
TECHNICAL ANALYSIS: With USD/CAD up approximately 1.8 percent thus far, the Canadian Dollar is approaching its worst 2-week stretch against the US Dollar since mid-February. In response, retail traders have increased their downside exposure, as can be observed by looking at IG Client Sentiment (IGCS). This last one frequently serves as a contrarian indicator. Will…
