After the Multi Commodities Exchange (MCX) announced the launch of a new commodities derivative platform (CDP), the capital market regulator Securities and Exchange Board of India (SEBI) requested that MCX “abeyance” the CDP launch. In its formal announcement, MCX disclosed the facts. In response to SEBI’s request, MCX stated that the issue is a technical…
Australian Dollar: NEAR-TERM TECHNICAL UPDATE FOR THE AUSTRALIAN DOLLAR, AUD/USD, AND AUD/JPY: AUD/USD – Daily Update Recent performance in the Australian Bone against the US Bone and Japanese yearning is setting up an intriguing specialized geography. On the diurnal map below, AUD/ USD surged on Thursday, leaving behind a Bullish Engulfing candlestick pattern. This can…
Pakistan’s currency is on track to be the best-performing currency encyclopedically this month, serving from a government crackdown on lawless bonetrading, reports Bloomberg News. The Pakistani rupee surged nearly 6 percent in September, defying the declines seen in numerous other currencies similar to the Thai baton and South Korean won, which weakened against the US…
Stocks News: IndusInd Bank, Infosis, Suzlon Energy, Container Corp, Vedanta, Shree Renuka Sugars The following are the top stocks that are likely to be scrutinized today: Infosys: According to a press release, the big IT company is collaborating with Microsoft to improve enterprise functions using AI-enabled solutions across several industries. For the purpose of making…
What you need to know about investments, hallmarking, and imports when it comes to the Rate of Silver in India Similar to gold, silver is one of the most popular and widely used forms of investment in India. Knowing the current silver price and keeping an eye on the market circumstances are essential before buying…
The rupee, Through Gaurang Somaiya When statistics revealed that the trade imbalance increased to $24.2 billion in August as opposed to $20.7 billion the month before, it put pressure on the rupee and caused it to fall to new all-time lows earlier in the month. JP Morgan announced at the end of the week that…
The Indian rupee dropped on Monday, losing instigation from JPMorgan’s addition of Indian bonds in its indicator, amid pressure due to bone demand from importers and high U.S. yields. The rupee was at 83.12 against the U.S. bone by 1100a.m. IST compared with 82.93 in the former session. The bone indicator was largely flat in…
Oil prices increased on Friday as renewed global supply concerns stemmed from Russia’s fuel export embargo, offsetting concerns that slowing economies and high-interest rates will crimp demand. Brent futures were up 78 cents, or 0.84%, to $94.08 a barrel at 1443 GMT, while West Texas Intermediate crude (WTI) futures were up $1.02, or 1.14%, to…
From 190 to 220 per share levels between November 2020 and February 2022, the ITC share price remained in the range of 190 to 250 per piece. However, after emerging from this base-building phase, the ITC share price has increased to levels of 450 per unit over the past 19 months, yielding a return of…
The crucial 1.23 barrier was breached by the Technical Analysis of GBP/USD pair, which is now chasing the 1.18 handle. US: UK: USDGBP Daily On the daily chart, we can see that the Technical Analysis of GBP/USD has finally broken through the important 1.23 barrier, which has allowed for a decline into the 1.18 handle….
