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(fxcue news) - Indian shares ended a choppy session marginally lower on Tuesday as a stronger dollar and rising Treasury yields in international markets weighed on investors' appetite for risk. The U.S. dollar saw a notable rise while yields hit a one-month high after the U.S. Supreme Court ruled that presidents have absolute immunity from prosecution for core official acts. There's growing talk about a potential Trump presidency leading to a steeper yield curve as growth will likely slow and inflation quicken under such a scenario, according to Morgan Stanley. Barclays and Nomura also issued calls to factor in a Trump win. Rising oil prices on expectations for higher fuel demand during the U.S. summer travel season coupled with political uncertainty in France and U.K. ahead of upcoming elections also prompted traders to book profits at higher levels after recent strong gains. Oil prices maintained positive momentum to trade around two-month highs in European trade amid expectations that gasoline demand in the U.S., the world's biggest oil consumer, will recover after a subdued first half of 2024. The benchmark S&P/BSE Sensex swung between gains and losses before ending the session down 34.74 points at 79,441.45. The broader NSE Nifty index also fluctuated before settling at 24,123.85, down 18.10 points from its previous close. Banks and financials were among the top drags, with IndusInd Bank, Kotak Mahindra and Shriram Finance falling 2-3 percent. Telecom Bharti Airtel lost 2.4 percent and automaker Tata Motors gave up 2 percent while Tata Consumer Products, Infosys, Wipro and Larsen & Toubro rallied 2-3 percent.

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Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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Sensex

Eurozone Manufacturing Activity Deteriorates In June

Overbought Indonesia Bourse Nonetheless Called Higher

Thai Stock Market Due For Support On Tuesday

Eurozone Inflation Eases As Expected

Sensex

SLB And TotalEnergies Ink 10-year Partnership To Co-develop Scalable Digital Solutions

Bombardier Affirms Quality And Performance Of Aerostructures Produced By Spirit Aerosystems

Tonix Pharma Granted Up To $34 Mln 5-year DoD Contract For Antiviral Program Development

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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