The US dollar is edging higher on signals the Fed is nearing tapering bond buys. ADP’s NFP and the ISM Services PMI are set to rock markets. Oil extends its rise, cryptos move higher and AMC’s stock grabs attention with parabolic rises.
Nifty This Week: Technical Charts And More – At New High, How Much Steam Left For June?
Nifty This Week: Technical Charts: So, the new high on the Nifty 50 was finally in. It was, as we had been discussing over the past few weeks, more a question of when rather than if. This is why we had asked readers to just stick with it and ride over the noise of the short term.
Investors Cheer After RBI Clarifies Crypto Trading Isn’t Banned
Crypto Trading Isn’t Banned: The Reserve Bank of India’s decision to remove a 2018 rule that forbid banks from facilitating cryptocurrency trades comes as a welcome relief for a community facing push-back from traditional lenders needed to help settle these deals.
OPEC+ Gives Little Away as It Sees Oil Market Tightening
OPEC+ left oil consumers in limbo, sticking to its plan of monthly production increases until July but refusing to give any hints about further moves until there’s clear evidence more crude is needed.
SGX Nifty Marginally Lower Amid Steady Asia Trade
Asian stocks were broadly steady Wednesday after U.S. equities inched lower as the tussle between economic optimism and inflation concern continues to play out in markets.
MCX Tips Natural Gas June Full Target Hit 224.80 to 229.70
MCX Tips Natural Gas: Natural gas markets have exploded to the upside during the trading session on Tuesday as traders came back from the Memorial Day holiday.
MCX Tips Crude Oil June Full Target Hit 4934 to 5023
MCX Tips Crude Oil June Full Target Hit 4934 to 5023. Crude oil markets have rallied a bit during the course of the trading session on Monday to reach the top of the ascending triangle again.