Latest news with #DollarIndex
Hans India
4 hours ago
- Business
- Hans India
Strong demand, stable activity in economy
India's economic indicators are becoming more supportive of growth, according to the report released by Motilal Oswal Private Wealth (MOPW) on Friday. The report highlights that several positive trends are emerging on the domestic front, including higher GDP growth, easing inflation, and strong tax GDP grew by 7.4 per cent in the fourth quarter of FY25, which is the highest reading in the last four has remained below 4 per cent for four consecutive months, and GST collections have been rising steadily. These signs indicate strong demand and stable activity in the formal sector of the report also notes that India's policy environment is now moving in a unified direction. Fiscal, monetary, and regulatory policies are all aimed at maintaining growth increased tax exemption limits that came into effect from April 2025 are expected to improve disposable incomes and boost the same time, the government's capital expenditure continues to rise, supporting the investment the global front, the environment remains mixed. In April and May, markets faced worries over tariffs and geopolitical tensions. However, the situation improved with a delay in global tariff implementation and a ceasefire announcement between India and Pakistan. This improved global sentiment has helped global equity markets, with the MSCI World Index reaching record highs. Meanwhile, rising bond yields in Japan and China's shift towards gold show that global investors are moving away from US could become a concern as the US faces refinancing of $9 trillion in debt this a weaker Dollar Index could help emerging markets like India by attracting more foreign investments. In the Indian stock market, valuations have increased as earnings have not grown at the same Nifty-50's one-year forward valuation has risen above its long-term average, and mid and small-cap stocks continue to trade at a premium. This makes careful stock selection and active management more important for investors looking to generate higher returns, the report stated.
India.com
20 hours ago
- Business
- India.com
India's Economy Showing Strong Signs Of Growth: Report
Mumbai: India's economic indicators are becoming more supportive of growth, according to the report released by Motilal Oswal Private Wealth (MOPW) on Friday. The report highlights that several positive trends are emerging on the domestic front, including higher GDP growth, easing inflation, and strong tax collections. India's GDP grew by 7.4 per cent in the fourth quarter of FY25, which is the highest reading in the last four quarters. Inflation has remained below 4 per cent for four consecutive months, and GST collections have been rising steadily. These signs indicate strong demand and stable activity in the formal sector of the economy. The report also notes that India's policy environment is now moving in a unified direction. Fiscal, monetary, and regulatory policies are all aimed at maintaining growth momentum. The increased tax exemption limits that came into effect from April 2025 are expected to improve disposable incomes and boost consumption. At the same time, the government's capital expenditure continues to rise, supporting the investment cycle. On the global front, the environment remains mixed. In April and May, markets faced worries over tariffs and geopolitical tensions. However, the situation improved with a delay in global tariff implementation and a ceasefire announcement between India and Pakistan. This improved global sentiment has helped global equity markets, with the MSCI World Index reaching record highs. Meanwhile, rising bond yields in Japan and China's shift towards gold show that global investors are moving away from US Treasuries. This could become a concern as the US faces refinancing of $9 trillion in debt this year. However, a weaker Dollar Index could help emerging markets like India by attracting more foreign investments. In the Indian stock market, valuations have increased as earnings have not grown at the same pace. The Nifty-50's one-year forward valuation has risen above its long-term average, and mid and small-cap stocks continue to trade at a premium. This makes careful stock selection and active management more important for investors looking to generate higher returns, the report stated.
New Straits Times
a day ago
- Business
- New Straits Times
Rakuten cuts FBM KLCI year-end target to 1,630 on weaker earnings outlook
KUALA LUMPUR: Rakuten Trade Sdn Bhd has cut its year-end target for the FTSE Bursa Malaysia KLCI (FBM KLCI) index to 1,630, down from its earlier forecast of 1,730, citing slower-than-expected corporate earnings growth. Research head Kenny Yee Shen Pin said the revised projection is based on a price-to-earnings ratio of 16 times, and reflects a more cautious outlook amid persistent operating cost pressures, weak global sentiment, and a lack of domestic catalysts. Although the current market valuation remains reasonable, Yee said it is not strong enough to attract investor interest amid prolonged uncertainty. "The revision was made based on the current assessment of the performance of listed companies, which are facing operating cost pressures, weak global market sentiment, and the absence of new domestic growth catalysts. "At present, the local market is in a sideways phase. There are no clear new catalysts. Investors also view our market as rather 'boring'," he said during Rakuten Trade's third-quarter market outlook media briefing today. Yee also noted that the FBM KLCI is back to the 1,005 level, which is widely regarded as a psychological support point. "If the index dips below that threshold of 1,480 or 1,470, I think that would be a screaming buy for the local market," he said, suggesting that any significant pullback could present strong buying opportunities for investors. Meanwhile, Rakuten Trade equity research vice president Thong Pak Leng highlighted the potential rationalisation of RON95 fuel subsidies as another headwind that could weigh on sentiment. "But judging from what's happening in the Middle East, the government might not proceed too aggressively. Perhaps we will see a partial rationalisation of RON95. It really depends on how high crude oil prices climb. "In the current state, there's no fresh catalyst pushing up the market. While valuations are reasonable, everything feels quite dull. That is why we are also seeing a lack of participation from retail investors," Thong said. On the ringgit, Yee said Rakuten Trade believes the local currency is currently undergoing some recalibration and is expected to trend between 4.10 and 4.20 against the US dollar by the end of the year. "I think maybe the ringgit will strengthen against the dollar as well. As you all know, the Dollar Index has already deteriorated by 10 per cent year-to-date against major currencies. "So moving forward, many expect the dollar index to continue to weaken further. Along the way, we may see the ringgit perform better against the dollar," he added.
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Motilal Oswal recommends 'buy' on MCX Copper, set target at ₹915
According to Pathfinder - Copper Resurgence report from Motilal Oswal Wealth Management, MCX Copper has given a breakout above the descending trend line on the daily chart (of 18th June), confirming the resumption of the prevailing bullish trend. Price action continues to display a classic bullish structure, marked by a sequence of higher highs and higher lows. Additionally, the 14-period RSI on the daily chart is holding above the 60 level, suggesting a strengthening bullish momentum. Therefore, Motilal Oswal Wealth Management recommends buying in the range of ₹882 – ₹880, with a stop-loss below ₹855 on a closing basis and upside targets of ₹915. On the daily chart (of 18th June), LME Copper has been exhibiting a higher high and higher low price formation since May 2025, indicating a well-established bullish trend. 14 - Period RSI is also poised to move upwards and it's holding well above the midpoint mark of 50 signalling market strength. Motilal Oswal Wealth Management recommends buying LME Copper in the current range of $9,725 – $9,715 with a stop loss below $9,420 level on a sustainable basis and with upside targets at $10,080 levels. Track LIVE Stock Market Updates Navneet Damani, Group Senior VP, Head Commodities Research, Motilal Oswal Wealth Management, said 'Copper prices have been hovering in a broad range between $8900-9800 amidst mixed economic scenario and renewed optimism surrounding easing US-China trade tensions and low LME inventories. Inventory drawdowns and mine disruptions continue to support prices, while weakening Chinese imports and declining premiums may question demand strength. After the tariffs were doubled on steel and aluminium imports into the US to 50 per cent, market participants speculate copper tariffs to be announced soon. The Dollar Index has been continuously weakening, supporting base metal prices on the lower end. President Trump hinted at imposing new unilateral tariffs on trading partners within two weeks, which may be volatile for prices. Prices are expected to see an upside of 4-5 per cent supported by positive catalysts and technical conviction.' ===================================
Yahoo
2 days ago
- Business
- Yahoo
The dollar could be set up for a nice bounce soon, these charts show
The U.S. dollar has been in virtual free fall since the start of the year — but there are some technical signs that momentum may be swinging to the positive side, suggesting that a short-term bottom may have been seen. The ICE U.S. Dollar Index DXY, which tracks the value of the buck against a basket of currencies of the U.S.'s largest trading partners, rose 0.6% on Tuesday. Just three days earlier, the dollar index had closed at the lowest price since March 2022, after sinking 9.7% year to date. Israel-Iran clash delivers a fresh shock to investors. History suggests this is the move to make. 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? 'I'm at my wit's end': My niece paid off her husband's credit card, but fell behind on her taxes. How can I help her? I'm 75 and have a reverse mortgage. Should I pay it off with my $200K savings — and live off Social Security instead? 20 companies in the S&P 500 whose investors have gained the greatest rewards from stock buybacks This year's downtrend appears on the surface to be firmly in place, as each low is lower than the previous low, and the top of each bounce is below the previous bounce's peak. But beneath the surface, it appears that bears have lost some control and bulls are getting ready to pounce. While the dollar index's low last week was below the April low, the index's relative-strength index, a widely followed indicator of underlying momentum, has been rising off a low last week that was well above the April low. This pattern of falling prices and rising momentum is referred to by chart watchers as bullish technical divergence, because the divergence is often resolved in the RSI's direction. A similar pattern had appeared in September 2024, and that divergence was resolved with a big dollar rally. And like last year, the RSI's recent higher high and higher low followed a drop below the 30 level into oversold territory, which occurs when a selloff extends well beyond its historical norms. There are other reasons to believe a bounce is coming. As MarketWatch's Steve Goldstein wrote Tuesday, investor sentiment has reached a bearish extreme, the likes of which haven't been seen in 20 years. Also, the RSI's recovery has come as the yield on the 10-year Treasury note BX:TMUBMUSD10Y has been rising over the past couple months. The correlation between the dollar and 10-year Treasury yields is typically very high, as higher rates tend to make the dollar more attractive. Over the past five years, the correlation has been 0.86, according to a MarketWatch analysis of FactSet data — wherein a correlation of 1.00 means they move exactly in sync, and one of 0.00 means they are inversely correlated. But so far this year, the correlation has backed off to just 0.42, and even a slight reversion to the mean could provide some support for a dollar bounce. It wouldn't take much to turn the tide, at least for the short term, as the dollar index sits less than 0.3% away from a downtrend line that started at the Feb. 28 high and connected the May high. If that line breaks, a key potential resistance area to watch would be around the March high just below 102. If the dollar index can get above the May 12 close of 101.79, that would break the pattern of lower highs. On the downside, a break below the June 12 close of 97.92, if coupled with a turn lower in RSI, would put the bounce scenario in doubt. Israel-Iran conflict poses three challenges for stocks that could slam market by up to 20%, warns RBC These defense stocks offer the best growth prospects, as the Israel-Iran conflict fuels new interest in the sector 'I'm 68 and my 401(k) has dwindled to $82,000': My husband committed financial infidelity and has $50,000 in credit-card debt. What now? My mother-in-law, 95, has $400K in stocks. Would it be smarter taxwise to gift it to her kids — or leave it to them in her will? 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
