A glut of cash chasing assets in India has caused short-term rates to plunge.
The IMF projects that the global economy will shrink by 4.4% in 2020, followed by a 5.2% rebound in 2021, supporting a V-shaped recovery.
Gold prices traded lower to $1,825 on positive vaccine news.
US stocks rallied toward records, oil surged past $45 and the dollar fell as the formal start of President-elect Joe Biden’s transition spurred investors into risk assets.
NZD/USD Outlook: Kiwi Flying High, NZD Looking Overvalued
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On Monday, WTI crude refreshed the recent high to $43.35 with an intraday gain exceeding 2%.
S&P Global Ratings on Monday expressed scepticism over allowing corporate ownership in banks given India's weak corporate governance amid large corporate defaults over the past few years.
Many Forex traders ask what determines the value of a currency, and which are the elements that move with its change in the currency chart.
Recently, the US Treasury requested a cut in monetary policy. As a result, the decline of the dollar came to a standstill.
WikiFX Exposure recently received a complaint about the broker EIG (Elita Invest Global) in Hong Kong.
Investors can make good use of MACD technical indicators and other technical indicators for common use.
Recently, investors have made a mass of complaints to WikiFX Exposure about the broker ALPHA TRADEX. The number of people involved and the amount of money involved in the case are so large that have attracted the attention of the local police.
Gold is currently trading near $ 1,872 an ounce, having nearly tested the 200-hour simple moving average (SMA) of $ 1,876 a few minutes before the press time. Buyers failed to gain a foothold above that average on Friday.
From high-speed internet has become available to almost all, online trading is very popular these days. Today any person can trade at any place any financial instrument.
The market push and pull continues with the dollar folding but not breaking on Wednesday before buyers try to regain some control yesterday. However, the surge died down and we were almost back to where we were two days ago.
Dollar to Rupee forecast on Friday, November, 20: exchange rate 74.09 Rupees, maximum 75.20 Rs, minimum 72.98 Rs. USD to INR forecast on Monday, November, 23: exchange rate 73.74 Rupees, maximum 74.85 Rs, minimum 72.63 Rs. Dollar to Rupee forecast on Tuesday, November, 24: exchange rate 73.87 Rupees, maximum 74.98 Rs, minimum 72.76 Rs. USD to INR forecast on Wednesday, November, 25: exchange rate 73.64 Rupees, maximum 74.74 Rs, minimum 72.54 Rs.
According to meticulous primary and secondary research endeavors on the part of our in-house research experts at Orbis Research, the global Forex Trading Platform market is poised to trigger remunerative growth.
Domestic stock markets climbed to record highs on the first full session of Samvat 2077, tracking strength in global equities as investors cheered the news of another promising coronavirus vaccine and optimism around world recovery. The S&P BSE Sensex index jumped 523.18 points - or 1.20 per cent - to touch 44,161.16 during the session, and the broader NSE Nifty 50 benchmark climbed up 153.80 points to 12,934.05 -- both all-time highs. Gains in banking, financial services and metal shares supported the markets, however losses in select IT, pharma and energy shares limited the upside.
This Tuesday sees the revival of risk appetite conditions as clearly portrayed by the outperformance of the commodity-linked currencies complex. In order of strength, the Kiwi, the Aussie and the Canadian Dollar were the currencies delivering the strongest gains.
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