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The Signal That’s Making Global Investors Rethink Their Trading Strategies
equity_insider16d ago

The Signal That’s Making Global Investors Rethink Their Trading Strategies

When market volatility reached unprecedented levels across global exchanges, something interesting happened. Professional traders and institutional investors began gravitating toward a single technical indicator with remarkable consistency: the relative strength index. This momentum oscillator, originally developed by J. Welles Wilder Jr. in 1978, has experienced a renaissance among both seasoned portfolio managers and algorithmic trading... The post The Signal That’s Making Global Investors Rethink Their Trading Strategies appeared first on Equity Insider .

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Rupee gains 01 paisa against US Dollar
urdupoint16d ago

Rupee gains 01 paisa against US Dollar

The Rupee on Friday appreciated by 01 paisa against the US Dollar in interbank trading and closed at Rs 278.41 compared to the previous days closing of Rs 278.42

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Euro Slides to Two-Month Low as Robust US Jobs Data Fuels Dollar Rally
bitcoinworld16d ago

Euro Slides to Two-Month Low as Robust US Jobs Data Fuels Dollar Rally

BitcoinWorld Euro Slides to Two-Month Low as Robust US Jobs Data Fuels Dollar Rally The euro dropped to its weakest level in two months against the US dollar on Friday, following the release of stronger-than-expected US employment data that reinforced expectations for further monetary tightening by the Federal Reserve. The EUR/USD pair fell below the 1.0800 mark, a level not seen since early March, as traders rushed to price [...] This post Euro Slides to Two-Month Low as Robust US Jobs Data Fuels Dollar Rally first appeared on BitcoinWorld .

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newsdrum_in16d ago

Rupee ends 56 paise higher at 95.18 against US dollar post RBI policy decision

Mumbai, Jun 5 (PTI) The rupee appreciated 56 paise to close at 95.18 against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. Forex traders said the announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. At the interbank foreign exchange market, the rupee opened at 95.72, then touched an intraday high of 94.89 and finally ended the session at 95.18, registering a gain of 56 paise from its previous close. On Thursday, the rupee rose 2 paise to settle at 95.74 against the US dollar. Announcing the second bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to retain the short-term lending rate or repo rate at 5.25 per cent with a neutral stance. "By holding the repo rate at 5.25 per cent with a neutral stance even while raising the FY27 inflation forecast by 50 basis points to 5.1 per cent, the RBI has drawn a clean line: the rate instrument is reserved for inflation, and the rupee will be defended through the capital account," said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities. The expansion of the Fully Accessible Route to all new 15-, 30- and 40-year G-Sec issuances, the removal of FPI concentration limits, the extension of FCNR(B) hedging support, the PSU ECB swap window, and the restoration of the export realisation period to nine months together amount to the most comprehensive dollar-mobilisation effort since 2013, Banerjee added. The Centre's simultaneous removal of taxes on foreign investment in G-Secs is the force multiplier, as it addresses the single biggest friction flagged by global bond funds and index providers. "We see this as constructive for the long end of the G-Sec curve. On the currency, these measures can aid the rupee's appreciation over the near term, provided oil prices stay below USD 100 a barrel. "We see scope for the rupee to appreciate towards 94 to 94.5 on spot over the near term, with the upside in USD-INR now capped around the 96 mark. Any appreciation beyond 94 would depend on the actual quantum of dollar mobilisation through these newly announced routes and the trajectory of oil prices," Banerjee said. According to Dilip Parmar, Research Analyst, HDFC Securities, the rupee registered its sharpest single-day gain since April 2, leading Asian currencies after the RBI introduced measures to attract foreign capital. "A softening greenback and declining crude oil prices provided additional tailwinds. Looking ahead, a decisive break past 94.70 is expected to pave the way for the rupee to march toward 94.10 in the short term," Parmar said. Reserve Bank governor said the forex reserve stood at a healthy USD 682.3 billion, adequate to provide import cover for about 11 months. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.22, lower by 0.19 per cent. Brent crude, the global oil benchmark, was trading down 0.29 per cent at USD 94.75 per barrel in futures trade. On the domestic equity market front, Sensex declined 116.67 points to settle at 74,243.34, while the Nifty fell 49.85 points to 23,366.70. Foreign institutional investors offloaded equities worth Rs 8,776.25 crore on a net basis on Friday, according to exchange data. Meanwhile, RBI has lowered GDP growth projection to 6.6 per cent from 6.9 per cent earlier for the current fiscal and raised CPI inflation projection to 5.1 per cent for FY27, higher from the earlier estimate of 4.6 per cent. According to the government data released on Friday, India's economy expanded 7.8 per cent in the January-March quarter, exceeding forecasts on strong domestic demand and government expenditure. The GDP growth was compared to 7 per cent expansion a year back and 8 per cent in the previous quarter. The January-March period accounted for just one month of disruptions caused by the war in Iran. The spike in oil prices and the disruption in supplies from the Middle East -- a key source for India's crude oil, natural gas and LPG -- will be fully visible in the current April-June quarter. PTI DRR HVA

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Explained: Why RBI and govt are easing foreign investment rules
firstpost16d ago

Explained: Why RBI and govt are easing foreign investment rules

The Reserve Bank of India and the government have moved to attract more foreign capital by expanding access to government securities (G-secs), easing foreign portfolio investors (FPI) norms, and scrapping long-term capital gains on such investments. We decode the RBI’s announcements and why they matter

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Canada Labour Market Report: CAD’s Volatile Response to Employment Data
bitcoinworld16d ago

Canada Labour Market Report: CAD’s Volatile Response to Employment Data

BitcoinWorld Canada Labour Market Report: CAD’s Volatile Response to Employment Data The release of Canada’s latest labour market report triggered a sharp, immediate reaction in the Canadian dollar (CAD), as traders digested employment figures that diverged from market expectations. The data, published by Statistics Canada, provided fresh insight into the health of the nation’s economy, prompting a recalibration of interest rate expectations and short-term currency positioning. [...] This post Canada Labour Market Report: CAD’s Volatile Response to Employment Data first appeared on BitcoinWorld .

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