Dollar rebound continues in Asian session today and trades generally high. Weakness in more notable in Aussie and Euro, as both turn soft in crosses. Overall risk sentiment is slightly negative, with particular deep selloff in Hong Kong stocks, but Nikkei remains resilient. The economic calendar is very light today and movements in the currencies
Ravindra RaoMCX Gold futures has dipped below the 20-day EMA support of Rs 47,250, suggesting a possible correction. The Bollinger band analysis on the daily charts suggests a consolidation phase as price is hovering around the midline of the band. The support holds around Rs 46,750, followed by Rs 46,500 (-2 SD). On the flipside,
Pune: An ongoing drive to collect data about edible oil and oilseed stocks with the trade and industry will help deter hoarding and bring relief to consumers on prices, union food secretary Sudhanshu Pandey said on Friday. In an interaction with the media, Pandey predicted prices to start cooling from October. “To minimise the possibility
U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed onto consumers in many areas, the Federal Reserve reported Wednesday. In its periodic “Beige Book” look at the nation’s economic picture, the central bank also reported that growth overall had “downshifted slightly to a moderate
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