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(fxcue news) - Indian shares rose notably on Monday after Federal Reserve Chair Jerome Powell signaled the U.S. central bank is prepared to begin cutting interest rates at its next monetary policy meeting in September. "The time has come for policy to adjust," Powell said at the Jackson Hole Economic Symposium, although he noted the "timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks." The benchmark S&P/BSE Sensex jumped 611.90 points, or 0.75 percent, to 81,698.11 as the dollar and bond yields sagged on Powell's dovish speech. The broader NSE Nifty index closed at 25,010.60, up 187.45 points, or 0.76 percent, from its previous close. Bajaj FinServ, ONGC, NTPC, Hindalco and HCL Technologies surged 3-4 percent in the Nifty pack while Adani Ports, Hero MotoCorp and Apollo Hospitals Enterprise all fell around 1 percent. Shares of One97 Communications, the parent company of Paytm, plunged 4.5 percent after reports emerged that capital market regulator SEBI has issued a show-cause notice to founder Vijay Shekhar Sharma and its board members for likely "misrepresentation of facts" and "non-compliance with promoter classification norms", based on inputs from the Reserve Bank of India (RBI). Similarly, Anil Ambani-owned companies extended declines after SEBI imposed a five-year ban on Anil Ambani and 24 others. Reliance Power plummeted 5 percent and Reliance Home Finance lost 5.2 percent.

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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

Tech Shares May Weigh On Taiwan Stock Market

Hong Kong Shares May Head South On Tuesday

Soft Start Anticipated For China Stock Market

Sensex

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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