Boby Michael

Gold and Silver Technicals: Wait and buy gold at $1,300, bears say showing charts

Precious metals dropped to fresh multi-week lows on Tuesday helped by a view that rising overall investor confidence will cut safe-haven demand for the commodities while chartists turned history pages and 'decided to wait' for an additional discount of $30 for an ounce of gold, which is already $100 down from its peak seen less than two months ago.

Gold and silver technicals: Good entry points at 150, 100 SMAs?

The yellow and white precious metals have pared most of Monday's Asian gains in North American trading but the metals see strong supports at current levels as the sharp correction in recent days have already brought them to technically justified points of entry.

AUD/JPY technical analysis-Heading to new multi-month high?

AUD/JPY added to Monday's gains on Tuesday and is currently trying to retest the 7-month high of 83.66 hit early last week. A break above that level may take the pair to 85.3 before marching towards 88.035, the 1-1/2-year high it hit late April.

Indian banks tapping overseas depositors perform better despite high domestic rates

It is inevitable for Indian banks to compromise on margin as the country is going through a rising interest rate scenario, which has pushed most banks' stocks below their end-September levels, but at least three main private banks are still selling at a higher price, probably helped by valuation advantage and mostly steady pricing of deposits by Indians residing abroad.

Australian dollar off parity vs greenback on profit booking

The Australian dollar that rose above parity on Tuesday helped by renewed risk appetite after the US Fed's decision to keep its accommodative policy intact for an extended period of time, but was down across the board in Asian trade on Wednesday as investors booked profit.

USD/CHF in uptrend; aims 1.0331 (R2) above 1.0064 (R1)

The pair seems to have a weak resistance around last week's high of 1.0064 (also 23.6 percent Fibonacci retracement from 1.1729 to 0.9463) and fresh dollar supportive could take it to 1.0331, the 38.2 percent Fibonacci.

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