USDCAD Technical Analysis – Important Levels to Watch US Canada USDCAD Technical Analysis – DailyTimeFrame On the daily chart, we can see that the USDCAD pair drew back into the red 21 moving average, where buyers entered and successfully reversed the price with the help of the Canadian CPI data miss. The swing level around…
Today’s gold rate: Due to a drop in the US dollar after US Fed Chairman Jerome Powell hinted at a rate hike, gold prices rose today to a six-month high on the Multi Commodity Exchange (MCX). Today’s MCX gold rate for the December 2023 expiry opened higher at 60,401 per 10 gm levels and rose…
Today’s Nifty 50 and Sensex: Following weak global cues, the Indian equity market is projected to open lower on Friday. Gift Nifty indicators also indicate that the Indian benchmark index starts with a gap down. The Gift Nifty was trading around 19,520, compared to the previous close of the Nifty futures at 19,616. The domestic…
As part of its response to anomalies in client onboarding for its mobile banking app, Bob World, Bank of Baroda is believed to have suspended over 50 workers across states, including several at the assistant general manager level. The move is in response to the Reserve Bank of India’s ruling from last week prohibiting the…
Tuesday, October 17, saw a little increase in oil prices ahead of US President Joe Biden’s trip to the Middle East, which is anticipated to involve juggling support for Israel with efforts to stop any regional escalation of its conflict with Hamas. Tomorrow’s visit by Biden to Israel will aim to strike a balance between…
The explosion at the hospital that left hundreds dead was being blamed on both Israeli and Palestinian officials, complicating U.S. President Joe Biden’s already tumultuous tour to the area – China data. As expectations for the crisis’ containment were dashed by the explosion at a Gaza hospital on Wednesday, Asian shares stumbled, and bonds suffered…
Rupee and US dollar: Early on Tuesday, a strong trend in local equities helped the rupee strengthen by 5 paise to 83.22 against the US dollar. The local currency gained 5 paise from its prior close to reach an early high of 83.22 against the dollar. It started the day at 83.24 against the dollar….
Nifty 50 and Sensex: Investors continue to be wary of riskier stocks out of concern for an economic impact from the Israel-Hamas conflict. If the conflict worsens and spills over to other nations, the price of crude oil will skyrocket, dealing a serious blow to the world economy, which is already struggling as a result…
Today’s stocks to watch: Due to weakness in the Asian market and factors such as rising US bond yields, a surge in crude oil prices, and the Israel-Palestine conflict, India’s major benchmark equity indexes are anticipated to open Monday’s trading session on a sluggish note.Compared to the spot Nifty50 index close of 19,754 last week,…
Stock to buy: Despite a sell-off in key benchmark indices, small-cap firm JTL Industries managed to reach a new high of 249.40 per share on the NSE during Friday trading. Despite missing market expectations in its Q2 results 2023, the small-cap firm was able to achieve so. Interestingly, some reputable brokerages anticipate that the small-cap…
