The Indian rupee showcased its most remarkable single-day surge in over two months today, confounding market observers and eliciting a wave of interest. The driving forces behind this surge are attributed to a substantial influx of dollars into the equity markets and strategic sales of the greenback orchestrated by state-run banks. Indian Rupee Jumps to […]
Market Analysis – August 21 GBPUSD requires additional buying force to advance. Buyers’ pressure from last week has diminished, as the bulls have lost momentum to drive the price higher. This decline could be interpreted as a sign of exhaustion or a potential reversal in market sentiment. The bears have maintained their hold for an […]
Market Analysis – August 21 Nasdaq 100 buyers show resilience at the 14541.30 key level. The buyers are demonstrating resilience at the 14541.30 market level after a prolonged bearish period. This week, the market opened with a bullish candlestick, indicating the potential for a shift in momentum. The buyers are aiming to regain control of […]
In a notable shift, the US dollar took a step back from its recent 10-week peak on Tuesday as a renewed wave of global risk appetite prompted a rebound in the financial markets. This recovery comes on the heels of a sharp increase in US government bond yields and growing anxieties about the trajectory of […]
The EUR/USD forex pair, much like a seesaw, continued its downward tilt, wrapping up the week just a hair’s breadth above the ominous 1.0833 mark, a low last seen in July. In a twist of fate, as macroeconomic data took a vacation, all eyes were fixed on China, where the real estate realm was performing […]
Market Analysis – August 18th US Oil (WTI) buyers pick up interest above the 78.780 key area. Another buying tendency is about to erupt at this significant level. The market remains uncertain about the prevailing sentiment due to the previous strength displayed by sellers. Let’s recap how the market set up back in July. Following […]
The Indian rupee concluded the week on a positive note, bolstered by the retreat in U.S. Treasury yields and a slight easing in the dollar’s strength. This respite follows a period of concern earlier in the week when fears of prolonged elevated U.S. interest rates had driven the rupee perilously close to an all-time low. […]
Market Analysis – August 17 Gold (XAUUSD) could slump further due to pressure. The sellers maintain their stronghold and seize the opportunity presented by the buyers’ diminished influence. The initial blow from the sellers hit hard on the yellow metal around the significant level of 2052.590. This causes the buyers’ strength to decline after a […]
Market Analysis – August 18 NZDUSD is currently on a downward trend. The bearish trend’s steep downward slope underscores the substantial influence wielded by sellers. Following the successful bearish breakout, an intriguing development unfolded in the form of a retest of the previously invalidated bullish trendline. Critical levels for NZDUSD Demand Levels: 0.600, 0.580, 0.560 […]
