Economy
February 22, 2023
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US oil poised to fall towards $74.09

SINGAPORE: US oil is poised to break a support at $75.45 per barrel and fall towards $74.09. The bounce triggered by this support has been almost reversed. The reversal confirms a continuation of a wave C towards $74.09. Once the contract clears the support at $75.45, it is highly likely to revisit the Feb. 6 […]

Economy
February 22, 2023
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Indian rupee poised to fall on worries over Fed rate path

MUMBAI: The Indian rupee is expected to decline versus the dollar at open following an overnight jump in US yields on bets of more rate hikes from the US Federal Reserve. The non-deliverable forwards indicate the rupee will open at around 82.85 to the US dollar compared with 82.79 in the previous session. The 10-year […]