INDIA50 is trading at 18340.3, 0.29% up since previous close. A sharp spike can be seen in equity markets after latest FOMC Meeting Minutes showed the possibility f smaller rate hikes in the near as some sort of progress can be seen in curtailing high inflationary pressure. Also, an announcement of offering stimulus package in China adds on bullishness in Asian markets. On regional front, the strong fundamentals & improving manufacturing & industrial data led buying pressure in SGX Nifty. However, the focus will be on today’s F&O expiry session in INDIA50 & hence, cautious trading may be observed for the day. As seen in the chart, the index INDIA50 is trading near major resistance level of previous highs & hence, a strong breakout can be seen if breached.
Read More… Read LessIntra Day | |
Near Day |
R3 | 18570.00000 |
R2 | 18430.00000 |
R1 | 18362.00000 |
Turnaround | 18290.00000 |
S1 | 18222.00000 |
S2 | 18150.00000 |
S3 | 18010.00000 |
Gold is trading at $1755.54, 0.16% up since previous close. The precious metals moved on higher side against the softer USD post release of U.S FOMC Minutes on Wednesday which showed the chances of slower interest rate hike move in the forthcoming Fed meetings. Last week, the same factor of rate hike by 75bps remained suppressive for Gold prices. Also, the Chinese stimulus package may boost up the consumption demand in industrial metals; for China is a top consumer of metals. As seen in the chart, the commodity reversed up from short term Moving Averages & is heading towards MA (200). This indicates further upside & also, a strong breakout can be seen above the levels $1775 on short term basis.
Read More… Read LessIntra Day | |
Near Day |
R3 | 1795.70000 |
R2 | 1770.10000 |
R1 | 1761.19000 |
Turnaround | 1744.00000 |
S1 | 1735.55000 |
S2 | 1718.90000 |
S3 | 1693.30000 |
GBP/USD is trading at 1.21016, 0.25% up since previous day close. The Sterling Pound rallied on late Wednesday against the steady USD after FOMC Minutes hinted for smaller rate hikes in the near future as some progress can be observed in inflation rate. On data front, the U.K.’s Flash Manufacturing PMI rose to 46.2 against the expectation 45.7 & the Flash Services PMI increased to 48.8 higher than estimation 48.0. These widely cushioned the pair GBP/USD. The result of CBI Industrial Order Expectations data will remain in focus for the day. As seen in the chart, the pair successfully crossed over the Fibo level 38.2 & is expected to test Fibo level 50.0 if upside persists further. Buying on dips may be recommended for the day in GBP/USD.
Read More… Read LessIntra Day | |
Near Day |
R3 | 1.24267 |
R2 | 1.22183 |
R1 | 1.21472 |
Turnaround | 1.20099 |
S1 | 1.19388 |
S2 | 1.18015 |
S3 | 1.15931 |
XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms (XFLOW & MT4) with excellent execution speed, a 24/5 client support system with no dealing desk involvement.
© 2023 XFlow Markets, All rights reserved.
Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.
You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.
XFlow Markets INC is incorporated in Saint Lucia with registration no. 2023/C088 governed by the Companies Act, Cap 13.01 of the revised laws of Saint Lucia.
XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.
Telephone number: UK: +44 20 38355241 | Dubai: +971 54 339 3959 Working hours: 7:00 AM - 5:00 PM (GMT+0)
XFlow Markets does not offer any fixed returns & guaranteed profits. Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. Please consider our Risk Disclosure.
XFlow Markets does not guarantee any returns or profits. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.