by Dhara Hariya | Aug 15, 2024 | Gold, Stock
Gold’s Glittering Ascent: Bullish Flag Signals Further Upside Potential Fundamentals Favor Gold Gold’s appeal is undeniable right now. Global economic worries, a weaker US dollar, and rising inflation make it a safe haven for investors. These factors...
by Dhara Hariya | Aug 4, 2024 | Forex, Stock
The technical chart of Visa Inc. (V) indicates that the stock is currently undergoing a corrective phase after a strong upward trend. This correction is represented by the A-B-C pattern, a common pattern in Elliott Wave Theory. Key technical indicators supporting this...
by Dhara Hariya | Oct 13, 2023 | Currency, Forex
The Indian rupee stood firm amidst a weakening trend among Asian currencies, thanks to the intervention of the Reserve Bank of India (RBI). As of 10:25 a.m. IST, the rupee was trading at 83.23, almost unchanged from its previous session’s close at 83.2425. This...
by Dhara Hariya | Oct 11, 2023 | Forex
The Indian rupee is anticipated to start on a higher note this Wednesday as the prospects of the U.S. Federal Reserve refraining from raising interest rates have weakened the demand for the U.S. dollar. Non-deliverable forwards suggest that the USD/INR pair will open...
by Dhara Hariya | Oct 10, 2023 | Forex
The Indian rupee experienced minimal fluctuations on Tuesday, barely changing against the U.S. dollar. This stability can be attributed to a decline in U.S. Treasury yields and concerns surrounding elevated crude oil prices in the wake of the Middle East conflict....
by Dhara Hariya | Oct 9, 2023 | Forex
On Monday, the Indian rupee exhibited limited movement in a cautious trading session, despite escalating geopolitical tensions. Traders, apprehensive of potential dollar-selling interventions by the Reserve Bank of India (RBI) if the local currency approached its...