Page 40 - Exponential Moving Average News Today

Silver price (XAG/USD) extends its correction to near $24.00 as trading volume has dropped significantly amid festive market mood.

Sectorally, buying was seen in utilities, public sector, oil & gas and energy stocks while selling was seen in IT and smallcap stocks

Crude oil markets rallied, indicating a trend towards the $75 WTI level and the $80 Brent level.Caution is suggested during the volatile holiday trading period.

The Australian Dollar (AUD) trades below its recent peak of 0.6802 on Friday, a level not reached in almost five months.

The Pound Sterling (GBP) extends its recovery on Friday, supported by upbeat UK Retail Sales data for November.

Silvers rally suggests a bullish trend as U.S. interest rates decline. The market is expected to offer buying opportunities on dips, with caution advised.

Bitcoin’s price rally above $44,000 has supported altcoin price gains as several assets enjoy a relatively high correlation with BTC.

Sumeet Bagadia of Choice Broking has chosen Torrent Pharma as his ‘Christmas 2023 Pick’. Bagadia has recommended a ‘Buy’ on the pharma stock at ₹2,185 and up to ₹2,090 for a target price of ₹2,420 to ₹2,490.

The NZD/USD pair faces selling pressure near the round-level resistance of 0.6300 in the early London session.

EUR/USD hovers below the psychological resistance at 1.1000 level during the Asian session on Friday after pulling back from the three-week high at 1.1012.