Commodities - Angel One - Page 158

USDINR: Last week, the Indian Rupee initially traded with a stronger bias on account of huge influx of funds into the local system along with an upbeat risk appetite and a further uptick in U.S. yields. Sharp gains were restricted, and the local unit weakened sharply towards the end of the week on account of opportunistic …

Gold: Gold prices initially rose due to weaker U.S. dollar and Treasury yields, driven by uncertain economic readings and the Federal Reserve’s hawkish policy outlook. However, concerns about a prolonged rate hike cycle and a stronger dollar caused gold prices to decline. The release of the Federal Reserve’s meeting minutes confirmed expectations of higher interest rates, …

NSE USD INR (Technical): NSE USDINR Jul as seen in the weekly chart above has gap down opened at the 82.1250 levels. Same day of the week price corrected sharply and made a weekly low of 81.8275 levels. Later on, price could not able to sustain on lower levels, rallied sharply and made weekly high of …

USDINR:The overall trend of the Rupee in Jun’23 was mostly strong on account of huge influx of funds into the system coupled with persistent intervention by the RBI in the spot market. In Jun’23 RBI Policy, the committee kept the Repo Rate unchanged at 6.50% and maintained the policy stance at ‘withdrawal of accommodation while …

Gold: After a 1 percent pullback in the previous month, the yellow metal continued the weakness in the following month, concluding with a cut of nearly 3 percent. Gold prices experienced a combination of gains and losses throughout the month. At the beginning of the month, the metal showed modest gains, recovering from a two-month low …

USDINR: Last week, the Indian Rupee traded in a range bound manner on account of persistent RBI intervention and lack of important events in the markets that could stir up volumes. The trend of US Dollar Index was mute too to provide any influence to the local unit. Download Report

Gold: Gold prices continued to witness a weak closing on a weekly basis, as it concluded with a 0.2 percent dip. The prices began with a rebound on Monday, showings signs of a rebound, driven by concerns over political unrest in Russia, increasing demand for the precious metal as a safe haven. Despite a slight rebound, …

Gold: Gold’s weekly performance was marked by a decline as the US dollar rebounded, diminishing its appeal to buyers using other currencies. On Tuesday, gold faced further weakness due to strong US housing starts data and a firmer dollar. Further, the market waited eagerly for the US Federal Reserve Chair, Jerome Powell’s testimony, as it was …

USDINR: The initial trend of last week was strong for the Indian currency on account of probable corporate related inflows into the system as foreign investors get impressed by Modi’s visit to the US. Towards the end, the local unit weakened on back of higher DXY after the US Federal Reserve Chair Jerome Powell’s hawkish comments …

NSE USD INR (Technical): NSE USDINR Jun as seen in weekly chart above has open the weekly gap up levels. During this week open amd high was the same levels. Later on, price could not able to sustain on higher levels, it has corrected sharply and made a weekly low of 81.8975 levels. This week prices …