#forexmarketupdate

[reyx-baron]

TODAY'S FOREX: BORING BEGINNING AMIDST US HOLIDAYS

Major pairs continued to trade in narrow ranges during US and Canadian vacations, staying put at well-known levels. Even still, investors ma

Abstract：Major pairs continued to trade in narrow ranges during US and Canadian vacations, staying put at well-known levels. Even still, investors maintained a cautious optimism, with certain European and Japanese market indices nearing all-time highs.

[wnewsguru]

रुपया-डॉलर का हाल | विदेशी मुद्रा विनिमय बाजार की स्थिति - News Guru

घरेलू बाजार शुक्रवार को शुरुआती कारोबार में बढ़त के साथ खुले। बीएसई सेंसेक्स 235.61 अंक बढ़कर 65,743.93 पर पहुंच गया। एनएसई निफ्टी 76.7 अंक

रुपया-डॉलर का हाल | विदेशी मुद्रा विनिमय बाजार की स्थिति

घरेलू बाजार शुक्रवार को शुरुआती कारोबार में बढ़त के साथ खुले। बीएसई सेंसेक्स 235.61 अंक बढ़कर 65,743.93 पर पहुंच गया। एनएसई निफ्टी 76.7 अंक बढ़कर 19,600.25 पर रहा। सेंसेक्स की कंपनियों में एनटीपीसी, टाटा मोटर्स, जेएसडब्ल्यू स्टील, टाटा स्टील, भारतीय स्टेट बैंक, लार्सन एंड टुब्रो, रिलायंस इंडस्ट्रीज लिमिटेड, सन फार्मा, भारती एयरटेल, और आईटीसी के शेयर लाभ में रहे। इंफोसिस, विप्रो, एशियन पेंट्स, एचसीएल टेक्नोलॉजीज, टाटा कंसल्टेंसी सर्विसेज, और एक्सिस बैंक के शेयर में गिरावट आई।

[spsourav5]

Forex Market Update's Post

#CrudeOil #Oil Oil continues to move higher partly driven by the OPEC’s production cuts, as well as improving global economic outlook with vaccine roll outs. Fiscal stimulus has also helped to induce recovery in the economy. Oil traders are bracing for a potential supply crunch just ahead of the busy summer driving season that may spark demand surge. And the recent strength shows tight inventories as oil refiners are ramping up output.The bias remains positive in the medium-term as long as the supportive factors and drivers remain intact. By: via Forex Market Update

[spsourav5]

Forex Market Update's Post

#Gold Gold prices pared recent gains, retreating from a 4 months high as the dollar-denominated asset took a hit as a result of a stronger Dollar. Elsewhere, the US 10-year bond yields held above 3-week lows of 1.579%. Looking ahead, gold prices could trade with limited upside as investors will be keeping a close watch on US weekly jobless claims and GDP data released later for more insights into the progress of the economic recovery and inflationary pressure. Meanwhile, a stronger Dollar, with the Fed policymakers agreeing to open discussions on tapering measures in upcoming meetings limits the upside of the bullion. By: via Forex Market Update

[spsourav5]

Forex Market Update's Post

#CrudeOil #Oil Crude futures moved higher throughout the session on Monday amid the general weakness on greenback and recovery from losses made last week from Iran supply woes. Participants are looking ahead to this week’s US data, with the private release due on Tuesday evening. The focus for the complex this week otherwise remains on Iran, with a one-month technical agreement between Iran and IAEA announced as expected. WTI increased 2.47 to $66.05 per barrel, and Brent increased by 2.02 to $68.46 per barrel. By: via Forex Market Update

[spsourav5]

Forex Market Update's Post

#Risk sentiment has slightly turned to become more risk on. Asian stocks and U.S. equity futures rose Tuesday after technology shares spurred a Wall Street rally amid soothing Federal Reserve comments on inflation. Bitcoin trimmed a bounce from last week’s slump. S&P 500 climbed and the Nasdaq outperformed amid a jump in Apple Inc and Tesla Inc. The Fed’s comments aided sentiment, as officials reiterated they expect transitory rather than lasting price pressures from the US economic rebound. Treasury yields were stable following a retreat and the dollar slipped. While market-based measures of inflation expectations have dipped, investors remain cautious about the risk of a pullback in stimulus. #DXY Dollar Index bottomed around 89.90 on Monday, hovering near yearly lows, as global market risk appetite improved, while investors await key US inflation readings for further guidance on monetary policy. A slew of better-than-expected US data and ultra easy monetary policy spurred confidence about a strong rebound in the world’s largest economy. Dollar is looking to push down further as the risk sentiment change to a slightly risk on sentiment, causing a fall in price of the safe haven. By: via Forex Market Update

[spsourav5]

Forex Market Update's Post

#Gold Gold prices extend its rally, trading near 4-month highs, its longest winning streak since July 2020. Looking ahead, Gold prices continue to face bullish pressure, amid a weaker Dollar and falling Treasury yields. Last week’s data showed that US and Europe’s services sectors are picking up amid the global recovery, raising concerns that central banks could turn hawkish ahead of expectations. Gold prices could continue to climb higher, supported by concerns of rising inflation and expectations that the central banks could taper bond purchases ahead of expectations. By: via Forex Market Update