Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

U.S. Dollar Falls After Posting Biggest Gains in Three Months on Trade Hopes

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The U.S. dollar gained on Thursday in Asia on renewed Sino-U.S. trade hopes.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies were down 0.2% to 98.502 by 12:20 AM ET (04:20 GMT).

Sino-U.S. trade hopes reignited after U.S. President Donald Trump suggested an agreement with China might come sooner than anyone thinks, although he didn't offer many specifics.

Just on Tuesday, Trump accused China of unfair trade practices in a speech to the General Assembly at the United Nations in New York.

"It's a pretty decent move really," said Nick Twidale, co-founder of Sydney-based trade finance provider Xchainge, in a Reuters report.

"Markets shrug these things off very, very quickly and we move on to the next stuff. As it moves on, it's going to be interesting, but we have to go back to the fundamentals and fundamentals are going to push the dollar higher over time."

The U.S. dollar recorded its sharpest daily gain in three months following the news, before giving up some of its gains today in Asian trade.

The GBP/USD pair gained 0.2% to 1.2374 today after falling overnight. Prospect of early U.K. elections with just five weeks to go until the Brexit deadline was cited as a headwind for the pound.

On Wednesday, U.K. Attorney-General Geoffrey Cox said a motion for a general election will be brought to parliament “shortly.”

He made the remarks a day after the Supreme Court’s ruling that Prime Minister Boris Johnson’s five week suspension of parliament in the run-up to Brexit was unlawful.

The AUD/USD pair inched up 0.2%, while the NZD/USD pair climbed 0.6% on continued upward momentum after the Reserve Bank of New Zealand kept interest rates unchanged on Wednesday but said there is scope if it sees the need for it to boost economic growth.

The USD/JPY pair inched down 0.1%.

Get Live Forex Signals for Profit


Forex - Dollar Holds Steady on Trade Hopes, But Growth Fears Weigh

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The U.S. dollar remained broadly supported on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed U.S.-China trade talks will resume next month, but concerns about slowing global growth continued to weigh on market sentiment.

Against a basket of currencies the dollar edged up to 98.28 by 2:37 AM ET (6:37GMT).

"The U.S. dollar is rising by default rather than anything U.S.-specific," said Michael McCarthy, chief market strategist at CMC Markets in Sydney, adding that volumes were low as traders mostly kept to the sidelines waiting for news.

"Trade is never far from the markets' radar, but I think currency markets are increasingly expecting (U.S-China tensions) to be protracted, I think optimism has dissipated."

Mnuchin said Monday that trade discussions were scheduled in two weeks and that he and U.S. Trade Representative Robert Lighthizer would meet Chinese Vice Premier Liu He.

The dollar was little changed against the yen at 107.53, while the euro was trading at 1.0992, not far from a 28-month low of 1.0926 touched earlier this month.

The single currency fell 0.2% on Monday after data showing that a German manufacturing recession deepened unexpectedly in September and growth in the service sector lost momentum, adding to worries over the outlook for the wider Eurozone.

The British pound was hovering near one-week lows at 1.2435 ahead of a U.K. Supreme Court ruling on whether Prime Minister Boris Johnson acted unlawfully when he suspended parliament just weeks before Brexit.

The outcome of the case could have implications for Johnson’s plans to pull the U.K. out of the European Union on Oct. 31.

The Australian and New Zealand dollars were steady ahead of a speech by Reserve Bank of Australia Governor Phil Lowe, with the market expecting a dovish tone after weak jobs data last week underlined expectations for a rate cut.

Both currencies sat near three-week lows, with the Aussie at 0.6774 and the kiwi at 0.6295.

"We think Lowe will provide a strong signal that the RBA is ready to cut rates again, endorsing our view for a 25bp cut in October," said Tapas Strickland, a director of economics and markets at National Australia Bank in Sydney.


Dollar finds support as trade talks stay on track, euro nurses losses

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The euro nursed losses on Tuesday after weak readings on German manufacturing rattled confidence, while the dollar found broad support as investors looked for signs of progress from Sino-U.S. trade negotiations.

The single currency (EUR=) shed 0.2% overnight after a survey showed European business activity stalling, and in fact going backwards in powerhouse Germany where a manufacturing recession deepened.

It held around $1.0990 in Asian hours, while the dollar edged higher against the Japanese yen to buy 107.58 yen and held its ground on the Australian and New Zealand dollars.

Against a basket of currencies (DXY), the dollar edged higher to 98.621.

"The U.S. dollar is rising by default rather than anything U.S.-specific," said Michael McCarthy, chief market strategist at CMC Markets in Sydney, adding that volumes were low as traders mostly kept to the sidelines waiting for news.

"Trade is never far from the markets' radar, but I think currency markets are increasingly expecting (U.S-China tensions) to be protracted, I think optimism has dissipated."

The British pound wallowed at $1.2431, near a one-week low, ahead of a UK Supreme Court ruling due around 0930 GMT.

The court will rule on whether Prime Minister Boris Johnson acted unlawfully when he suspended parliament just weeks before Brexit, with the case's outcome potentially complicating his plans to lead his country out of the European Union next month.

The Australian and New Zealand dollars were steady ahead of a speech by Reserve Bank of Australia Governor Phil Lowe at 1005 GMT, with the market expecting a dovish tone after weak jobs data last week lifted expectations of an imminent rate cut.

Both currencies sat near three-week lows, with the Aussie buying $0.6772 and the kiwi $0.6290.

"We think Lowe will provide a strong signal that the RBA is ready to cut rates again, endorsing our view for a 25bp cut in October," said Tapas Strickland, a director of economics and markets at National Australia Bank in Sydney.

"Any comments on the scope for unconventional policy will also be critical for the market."

The Bank of Japan's governor Haruhiko Kuroda is also due to speak today, around 0530 GMT.

Meanwhile a delicate upbeat mood broadly held, with Chinese importers' decision to buy 10 boatloads of U.S. soybeans seen as a positive sign leading in to trade negotiations next month.

China's yuan strengthened very slightly to 7.1056 in offshore trade.

U.S. Treasury Secretary Steven Mnuchin told Fox Business that discussions were scheduled in two weeks and that he and U.S. Trade Representative Robert Lighthizer would meet Chinese Vice Premier Liu He.

Get Forex Signals with high accuracy

US Dollar Index Technical Analysis: The Greenback faces initial support at the 55-day SMA at 97.89

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

  • DXY is extending the consolidative theme above the 98.00 handle following another interest rate cut at the FOMC meeting on Wednesday.
  • The immediate bullish view stays uncompromised for the time being, sustained by the 55-day SMA at 97.89 and Friday’s low at 97.86 .
  • If the recovery gathers traction, the index should then target last week’s peak at 99.10.

DXY daily chart

Get Live Forex Signals for Profit

DOLLAR INDEX SPOT


OVERVIEW
Today last price98.32
Today Daily Change34
Today Daily Change %-0.26
Today daily open98.58
 
TRENDS
Daily SMA2098.4
Daily SMA5097.99
Daily SMA10097.63
Daily SMA20097.16
 
LEVELS
Previous Daily High98.69
Previous Daily Low98.2
Previous Weekly High99.11
Previous Weekly Low97.99
Previous Monthly High99.02
Previous Monthly Low97.21
Daily Fibonacci 38.2%98.5
Daily Fibonacci 61.8%98.39
Daily Pivot Point S198.29
Daily Pivot Point S298
Daily Pivot Point S397.8
Daily Pivot Point R198.78
Daily Pivot Point R298.98
Daily Pivot Point R399.27

Forex - Yen Rises against Dollar After BOJ Holds

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The yen rose from a seven week low against the U.S. dollar on Thursday after the Bank of Japan kept monetary policy on hold, in the wake of the Federal Reserve’s overnight decision to cut rates.

The dollar was down 0.44% to 107.95 yen by 2:32 AM ET (6:32 GMT) after the BoJ kept policy on hold, as expected, but signaled it could ease next month.

Central banks around the world have been loosening policy to counter the risks of low inflation and recession.

The Fed cut interest rates for a second time this year on Wednesday in a 7-3 vote. The rate cut was widely expected, but the split vote has raised some concern about predicting the future path of monetary policy.

Fed Chairman Jerome Powell described U.S. prospects as "favourable" and the rate move as "insurance." He did not rule out future cuts, but his remarks were not as dovish as markets had hoped for.

The euro rose 0.1% against the dollar to 1.1045, while the British pound was little changed at 1.2468.

Investors are awaiting a Bank of England policy meeting later Thursday. The BOE is expected to  keep rates unchanged, but uncertainty over Brexit has complicated the monetary policy outlook.

The Australian dollar was down 0.6% at 0.6786 after data overnight showing that the country’s unemployment rate unexpectedly rose in August, underlining the case for additional stimulus by the Reserve Bank of Australia.

Try Vip Forex Signals for profit

Euro to Pound Sterling Exchange Rate Struggles to Sustain Gains despite Stronger Eurozone Data

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Euro to Pound Exchange Rate Floundering as Investors Unwind Bets against Sterling

Tuesday’s stronger than expected Eurozone data wasn’t enough to keep the Euro to Pound Sterling (EUR/GBP) exchange rate climbing, as the Pound (GBP) remained generally appealing while investors unwound bets against it.

Since last week, hopes that a softer Brexit was still possible have led to a big Pound recovery. EUR/GBP fell over a pence last week and closed at the level of 0.8860.

This week, the Euro (EUR) has attempted to rebound but has been unable as investors are hesitant to sell Sterling too far for now.

While EUR/GBP has avoided last night’s three month low of 0.8844, the pair has only rebounded slightly and still trends low near the level of 0.8864.

Euro (EUR) Exchange Rates Unappealing despite Signs of Improvement in Eurozone Sentiment

The Euro has remained largely unappealing overall this week, as markets are still anxious about the possibility of Germany being in recession. Signs of optimism in yesterday’s Eurozone data were not enough to boost the shared currency against a stronger Pound.

Tuesday saw the publication of ZEW’s September economic sentiment index results. While Germany’s current conditions print was even weaker than expected, the outlooks were actually less dire than predicted.

German economic sentiment lightened to -22.5 and the overall Eurozone’s sentiment index lightened from -43.6 to -22.4.

Still, continued concern about the overall health of Germany’s economy, as well as uncertainty over the European Central Bank’s (ECB) latest monetary policy plans limited demand for the Euro.

Pound (GBP) Exchange Rates Sturdy as Investors Hope to Avoid Missing another Rally

Speculation that the Pound could continue a rally that started at the end of last week has kept investors from selling the British currency much so far this week.

Sterling has been highly volatile, as on Monday it briefly shed some of Friday’s gains, but rebounded and climbed again on Tuesday afternoon.

Analysts have said that the main question for the Pound outlook was whether no-deal Brexit was really off the table or not.

UK Prime Minister Boris Johnson has insisted that while he will not break the law, Britain will be exiting the EU on the 31st of October with or without a deal.

This, as well as warnings from EU officials that no-deal Brexit was a serious risk, kept no-deal Brexit fears on the table, keeping a lid on the Pound’s potential for gains.

Euro to Pound (EUR/GBP) Exchange Rate Awaits Central Bank Speculation and News

While developments in UK politics and Brexit will remain the primary influence for Pound movement, expected central bank news and likely speculation will be highly influential for the Pound to Euro (GBP/EUR) exchange rate over the coming days.

This evening’s Federal Reserve policy decision could cause some Euro movement if it surprises investors, due to the Euro’s negative correlation with the US Dollar (USD).

It will be followed by the Bank of England’s (BoE) own September policy decision tomorrow.

The BoE is not expected to show any notable shifts in tone, but if its stances have been shifted at all by data or Brexit news then the Pound could of course see some reaction.European Central Bank (ECB) speculation could influence the Euro’s movement as well, depending on today’s upcoming inflation rate stats. Overall, central bank and Brexit news is likely to influence the Euro to Pound (EUR/GBP) exchange rate.

Try Vip Forex Signals for profit

MARKET WRAP: Sensex up 83 pts, Nifty ends at 10,841; realty, metals surge

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Benchmark indices moved higher in Wednesday's noon trade after trading in a range-bound manner for a major part of the day. 
 

The S&P BSE Sensex gained 135 points, or 0.37 per cent, to 36,620 levels. Bajaj Finance, Tata Steel, State Bank of India, Kotak Mahindra Bank, and Asian Paints were the top gainers in the Sensex pack. The broader Nifty50 index was up 40 points, or 0.36 per cent, to 10,860 levels.

The Nifty sectoral indices, except Nifty FMCG, were trading in the green. Nifty Metal, Nifty PSU Bank, and Nifty Realty indexes all gained over 1 per cent each.

In the broader market, the S&P BSE MidCap index was ruling at 13,460 levels, up 78 points, or 0.6 per cent, and the S&P BSE SmallCap index was hovering around 12,900 levels, up 48 points, or 0.37 per cent.

GLOBAL MARKETS

Caution ahead of an expected US interest rate cut kept wider financial marketsin tight ranges.


European shares are expected to tread water, with pan-European Euro Stoxx 50 futures shedding 0.06 per cent, German DAX futures losing 0.1 per cent and FTSE futures down 0.14 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.14 per cent while Japan’s Nikkei dipped 0.18 per cent after 10 straight days of gains and China’s blue-chip share index rose 0.52 per cent.


CATCH ALL THE LIVE UPDATE

03:46 PM
Nifty Realty among top gainers on the NSE today


Key indices on NSE

03:44 PM
 

RIL, SBI, ITC contribute most to Sensex's gain today

03:43 PM
 

Sensex heat map


GBP/AUD Slips from Three-Week High as UK Inflation Disappoints

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

GBP/AUD Exchange Rate Muted as UK Inflation Misses Expectations

The Pound Australian Dollar (GBP/AUD) exchange rate is stuck in a narrow range this morning, in response to a weaker-than-expected CPI release from the UK.

At the time of writing the GBP/AUD exchange rate is currently trading at around AU$1.8218, virtually unchanged from the morning’s opening levels but down from a high of AU$1.8259.

UK Inflation Slows, BoE Rate Decision to Come

The Pound (GBP) is facing headwinds this morning as markets react to the UK’s weaker-than-expected consumer price index (CPI).                        

According to data published by the Office for National Statistics (ONS), UK inflation slowed from 2.1% to 1.7% in August, missing expectations for a modest slide to 1.9% and falling to its worst levels since December 2016.The drop in inflation is welcome news for consumers, as combined with the recent surge in wage growth, which struck 4% in July, consumer spending power is on the rise.

However, the slump in inflation could put more pressure on the Bank of England (BoE) to consider lowering interest rates.

The BoE will conclude its latest policy meeting tomorrow, and while no policy changes are expected from the bank this month, could the slowdown in inflation push the BoE towards lowering interest rates after Brexit?

Could a Rise in Unemployment Prompt another Rate Cut from the RBA Next Month?

Coming up later tonight the publication of Australia’s jobs report could see the Australian Dollar (AUD) continue to give ground.

Data published by the Australian Bureau of Statistics (ABS) is expected to report unemployment rose from 5.2% to 5.3% in August as employment growth slowed from 41,100 to just 10,000.

The Reserve Bank of Australian (RBA) has repeatedly stressed that it views domestic labour figures as a key gauge of the health of the Australian economy.

Another rise in unemployment is likely to put more pressure on the RBA to continue easing monetary policy, with the minutes from the bank’s most recent policy meeting appearing to leave the door open for an October cut.

Try Vip Forex Signals for profit

Thailand sees small impact on inflation after Saudi attacks

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

 Thailand expects little impact from surging oil prices on its inflation rate and exports following attacks on Saudi oil facilities, a commerce ministry official said on Monday.

Saturday's drone assaults on Saudi oil facilities shut 5% of global crude output and caused the biggest surge in oil prices since 1991 after U.S. officials blamed Iran and President Donald Trump said Washington was "locked and loaded" to retaliate.

But the situation is not expected to drag on and should lift Thailand's inflation by just 0.01 percentage point, official Pimchanok Vonkorporn said in a statement.

The ministry is maintaining its 2019 headline inflation forecast of 0.7%-1.3%, she said, adding that the impact of oil prices on inflation is less than that of a strong baht , Asia's best performing currency this year.

The strengthening baht, which has gained 6.7% against the dollar so far this year, might keep inflation less than 1% this year, Pimchanok said.

In January-August, headline inflation was 0.87%.

Oil-related exports may improve only slightly and the ministry is sticking to the government's annual export growth target of 3% in the second half of 2019,

Get Forex Signals with high accuracy

Forex - Japanese Yen Rises Amid Heightened Geopolitical Tensions in Middle East

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The Japanese yen rose against the U.S. dollar on Monday in Asia amid heightened geopolitical tensions in the Middle East after weekend attacks on Saudi oil plants disrupted global oil supplies.

The USD/JPY pair dropped 0.3% to 107.80 by 12:00 AM ET (04:00 GMT).

Drone strikes attacked an oil processing facility at Abqaiq, the world’s largest, and the nearby Khurais oil field on Saturday and knocked out 5% of global oil supply.

Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S. Secretary of State Mike Pompeohas pointed the finger directly at Iran as he said over the weekend that Iran has launched an “unprecedented attack on the world’s energy supply.”

The news intensified tensions in the Middle East, sending the yen higher as it drew safe-haven demand.

Meanwhile, the U.S. dollar traded slightly lower ahead of an interest rate cut by the Federal Reserve on Wednesday.

The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 97.732. Data on Friday showed that U.S. retail sales increased more than expected in August. That came after better-than-expected producer price inflation data on Wednesday and consumer price data on Thursday.

The Bank of Japan is also due to meet this week. Some believe the central bank may push interest rates further into negative territory and ramp up stimulating policies.

Sino-U.S. trade developments also remained in the spotlight as junior U.S. and Chinese officials will reportedly meet this week ahead of planned talks between senior trade negotiators in October.

Tensions between the two sides eased somewhat in recent weeks after Beijing exempted some agricultural products from additional tariffs on U.S. goods last week and U.S. President Donald Trump postponed a tariff increase on a range of Chinese goods by two weeks.

The USD/CNY pair slipped 0.1% to 7.0717. The AUD/USD pair edged down 0.1% to 0.6872, while the NZD/USD pair gained 0.2% to 0.6381.

Get Live Forex Signal

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us