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Budget

BANKNIFTY FUT SEEMS NEGATIVEHello All, I am Back with one of Important Idea that too just before of Budget. Idea is on BankNifty Fut. As past few days market has given some relief and price moved up by approx. 4%. But........ As per my opinion, BankNifty has not turned Positive yet. BankNifty Fut: Daily Timeframe CMP: 49,862.00 Support: 48,600.00 - 48,100.00 Resistance: 49,900.00 - 50,200.00 Important Factor: Bullish Divergence between : 13th to 27th Jan, 2025. - Because of that Bullish Divergence BankNifty gained almost 1,900.00 points from bottom. Here is the catch, after gaining 1,900.00 points even RSI is still below 50 Mark line. Assumption: I feel Price has absorbed effect of Bullish Divergence and ready to free fall. Target 1: 48,600.00 - 48,100.00 (at 1st support zone) Target 2: 46,500.00 - 46,200.00 (at 2nd support zone) Disclaimer: This script is solely my attempt to predict BankNifty based on my analysis. It is not intended as financial advice, and I am not asking anyone to trade based on this information. Trading involves substantial risk and is not suitable for every investor. Always conduct your own research and consult with a financial advisor before making any trading decisions.
NSE:BANKNIFTY1!Short
by sharescomplex
British retail sales decline, pound extends lossesThe British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK retail sales disappointed in October, with a sharp decline of 0.7% m/m. This follows a downwardly revised 0.1% gain in September and missed than the market estimate of 0.3%. Annually, retail sales rose 2.4%, well below the market estimate of 3.2%. The September reading was revised downwards from 3.9% to 3.2%. The sharp drop in retail sales can be attributed to low consumer confidence and the recent Budget. The GfK consumer confidence index showed an improvement, rising from -21 to -18, but this points to a very pessimistic British consumer who is thinking twice before making discretionary purchases. The Reeves Budget on Oct. 31 dampened consumer spending, as the government had warned about “difficult decisions” and proceeded to deliver a Budget with some 40 billion pounds worth of tax increases. Understandably, consumers held back on spending in October and retail sales were down across most categories. The economy has slowed since the July election and services and manufacturing activity have decelerated for three straight months. The UK releases the Services and Manufacturing PMIs later today. The Services PMI is expected to remain unchanged at 52.0, while the Manufacturing PMI if projected to inch up to 50.0, up from 49.9. If the PMIs are weaker than expected, the pound could respond with losses. The US will also publish manufacturing and services PMIs on Friday, with little change expected. The Manufacturing PMI is expected to rise from 45.5 to 45.8, and the Services PMI, which has been showing solid growth, from 55 to 55.2. GBP/USD is testing support at 1.2557, followed by support at 1.2525 There is resistance at 1.2609 and 1.2641
by OANDA
GBPUSD - UK is on the verge of an important economic decisioThe GBPUSD currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. In case of correction due to the release of today's economic data, we can see demand zone and buy within zone with appropriate risk reward. If the upward trend continues, this currency pair can be sold within the specified supply zones The UK budget is set to be announced today, Wednesday, October 30, 2024. Analysts at Commerzbank predict that if the budget combines austerity measures with long-term investment optimism, it could positively impact the pound and bolster the UK’s long-term growth potential. The government faces the challenge of stimulating investment to address years of underfunding in the public sector. The difficulty lies in the fact that the UK has been spending beyond its income in recent years, which has complicated its financial situation. Meanwhile, prices in UK stores have fallen at their fastest rate in over three years. However, the budget announcement by Finance Minister Rachel Reeves could help inflation rebound. The annual store price index has decreased to 0.8%, marking the weakest level since August 2021. Food prices have risen by 1.9%, and clothing prices have also increased for the first time since January. Data shows that consumer inflation fell to 1.9% in September. On the other hand, in the U.S., Professor Jeremy Siegel from the Wharton School believes the Federal Reserve may choose to hold rates steady next week if the October non-farm payroll (NFP) report proves very strong. Siegel notes that if the labor market report is robust, many FOMC members may conclude that it’s time to pause. He also predicts that the rate-cutting cycle will include three to four rate reductions, but long-term rates are likely to remain high. In August, Siegel advocated for an emergency 75 basis-point rate cut by the Fed.
Long
by Ali_PSND
Budgeting in Trading: The REAL Key of Financial SuccessBudgeting plays a vital role in trading and investing, acting as a blueprint for managing financial resources, controlling risk, and ensuring long-term success. According to a study by the National Endowment for Financial Education, 92% of people who budget feel more in control of their finances, a sense of control that is crucial in the fast-moving and often unpredictable world of financial markets. In trading and investing, having a well-structured budget can be the difference between financial gain and loss. Understanding Budgeting in Trading and Investing In the realm of trading and investing, budgeting goes beyond simple expense tracking—it's a strategic plan for how to allocate financial resources effectively. This involves setting aside specific amounts for different types of investments, planning for potential losses, and ensuring that enough capital is available to take advantage of market opportunities. A comprehensive budgeting approach allows traders and investors to assess their current financial situation, forecast future cash flows, and make deliberate choices about where and how much to invest. Key goals of budgeting in trading and investing include: --Managing Risk: A solid budget helps limit exposure to potential losses. By designating specific funds for riskier investments, traders can protect their overall portfolio from being wiped out by a single bad trade. This disciplined approach involves risk mitigation strategies like diversification and setting stop loss limits to safeguard capital. --Efficient Resource Allocation: Budgeting ensures that financial resources are used optimally across various asset classes, such as stocks, bonds, or commodities. This prevents over-investment in one area while neglecting others, allowing for a more balanced and diversified portfolio. --Setting Financial Goals: Clear budgeting helps traders and investors establish and track both short-term and long-term financial goals. Whether aiming for rapid portfolio growth or long-term wealth accumulation, budgeting provides a structured plan for reaching these objectives. --Enhancing Decision-Making: Budgeting creates a financial framework that supports rational decision-making. By knowing financial limits and goals, traders can avoid impulsive trades driven by market emotions like fear or greed. --Tracking Performance: With a budget in place, traders can continuously monitor their investment performance against predefined benchmarks, making adjustments when necessary. --Preparedness for Market Volatility: Budgeting helps traders prepare for unexpected market fluctuations by setting aside an emergency fund, reducing the pressure to sell during downturns. The Benefits of Budgeting for Traders and Investors Budgeting offers numerous advantages, particularly in risk management, capital allocation, and financial discipline. --Risk Management: Budgeting allows traders to identify potential risks and set limits on how much they are willing to lose in different investments. A well-planned budget ensures that losses in one area do not undermine the entire portfolio. Allocating a specific amount to high-risk assets helps protect long-term wealth. --Efficient Capital Allocation: Proper budgeting ensures that capital is allocated optimally, preventing the mistake of over-concentrating investments in one sector or asset class. A balanced approach, facilitated by budgeting, leads to diversification, which is essential in minimizing risk and achieving steady portfolio growth. --Financial Discipline: One of the most significant benefits of budgeting is the discipline it instills. By adhering to a budget, traders avoid making hasty, emotion-driven decisions that can lead to financial losses. A disciplined approach helps traders stay focused on their financial objectives, gradually building wealth over time. Key Components of a Trading and Investing Budget An effective trading or investing budget consists of several critical components: --Tracking Income and Expenses: Keep a detailed record of profits, losses, transaction fees, and other costs. Monitoring these financial flows helps provide a clear picture of net performance and aids in making informed investment decisions. --Setting Investment Goals: Define specific financial goals, whether short-term (e.g., a certain profit within a year) or long-term (e.g., saving for retirement). These goals guide decision-making and help align investment choices with broader financial objectives. --Incorporating Risk Tolerance: Each trader or investor has a different risk tolerance, which should be reflected in their budget. Understanding and incorporating personal risk preferences helps prevent overexposure to high-risk investments. --Maintaining a Contingency Fund: Setting aside a portion of the budget as an emergency fund helps traders and investors remain stable during market downturns without resorting to panic selling. Steps to Create an Effective Budget Creating a solid budget involves the following steps: --Assess Your Financial Situation: Start by evaluating your available capital, liabilities, and financial health. This step is crucial for understanding how much you can safely invest without jeopardizing your financial security. --Set Clear Objectives: Establish short-term and long-term financial goals, such as reaching a specific portfolio value or saving for retirement. Clear objectives provide direction and purpose to investment decisions. --Allocate Funds Based on Risk Tolerance: Distribute your funds across different asset classes according to your risk profile. Diversifying investments across various sectors helps balance risk and optimize returns. --Monitor and Adjust Regularly: Financial markets and personal situations change, so it’s essential to revisit and adjust your budget periodically. Regular reviews ensure that the budget remains aligned with market conditions and your evolving financial goals. 🚫 Common Mistakes to Avoid Budgeting mistakes can undermine financial stability. Some of the most common pitfalls include: --Overleveraging: Borrowing too much to invest can lead to amplified losses, putting your capital at significant risk. Leverage should be used cautiously, ensuring that potential losses can be covered without destabilizing your finances. --Ignoring Market Research: Failing to conduct thorough research before making investment decisions can lead to poor choices. Proper due diligence is essential to understand market trends and assess investment opportunities effectively. --Emotional Trading: Fear and greed are often the driving forces behind impulsive trades, leading to buying high and selling low. Sticking to a budget and investment plan is critical to making rational decisions, regardless of market volatility. ..Conclusion Budgeting is an indispensable tool for success in trading and investing. A well-structured budget helps manage risk, allocate resources efficiently, and set clear financial goals, fostering both financial discipline and enhanced decision-making. By tracking performance, preparing for market volatility, and avoiding common mistakes, traders and investors can navigate the complexities of the financial markets more effectively. Ultimately, a disciplined approach to budgeting provides a strategic framework for achieving long-term financial goals and protecting against unexpected market downturns.
Education
by FOREXN1
3
Pound shrugs as UK economy grew by 0.2%The British pound is showing little movement on Friday in what has been a very quiet week for the currency. In the European session, GBP/USD is trading at 1.3071, up 0.10% on the day and its lowest level. The UK economy showed slight improvement in August with a 0.2% m/m gain, after no growth in both June and July. This was in line with expectations and the pound’s reaction has been muted. Services, construction and manufacturing were all in positive territory, as the economy continues to show signs of growth. On a yearly basis, GDP rose 1%, up from a revised 0.9% in August but shy of the market estimate of 1.4%. The slight rebound in the economy comes at a convenient time for the government, which will release the autumn Budget on October 30. The government is counting on the Bank of England to continue cutting rates in order to boost economic growth. Finance Minister Rachel Reeves has said that kick-starting the weak UK economy is the “number one priority. The Bank of England delivered its first rate cut of the new cycle in August but stayed on the sidelines in September. The next meeting is on November 7 and the UK releases inflation and employment data ahead of the meeting, which will likely determine whether Bank policy makers feel comfortable making another quarter-point cut. The US wraps up the week with the producer price index for September. Headline PPI is expected to tick lower to 1.7% y/y, compared to 1.6% in August. The core rate, however, is projected to rise to 2.7%, up from 2.4% in August. With inflation largely beaten, the Federal Reserve’s primary focus has shifted from inflation to employment. Still, an unexpected PPI reading in either direction could have an impact on the movement of the US dollar. GBP/USD is testing resistance at 1.3058. Above, there is resistance at 1.3095 1.3023 and 1.2986 are the next support levels
by OANDA
Aditya AMC quarterly result tradeAditya Birla Sun Life AMC Ltd the company of the old and prestigious Birla group has posted its best ever quarterly result with highest sales and net profit. The quarterly has profit has increased to 209 crore and its growth is supported by the accelerated growth of whole mutual fund industry. The target price is 700 for about 47% potential gain It is a high potential company because of the following factors- Return on capital employed >30 Debt to equity <0.1 Net profit preceding 12months >500 Net Profit latest quarter >100 Please do your own analysis before investing or trading. Thank you and do like and follow if you like my analysis.
NSE:ABSLAMCLong
by ronak16125
Yuan under controlOn the chart we have prepared you can see how yuan was the most hard currency to understand during first two cycles of liquidity squabbling. After this in 2009 USA started to develop a new paradigm ideal for currency fx trading. This was in the third fibonacci cycle of the Chinese brainwave. In the result 2015 was the groundbraking moment resulted in the volatility in the yuan. This has done a lot of noise and side effect in Federal Reserve Funds volatility cycles. Ergo sum is we're in the third fibonacci cycle of Federal Reserve Volatility and in the second fibonacci cycle of the Federal Reserve budgeting cycle. And as you san see analysing ATR yuan is in tears. Please read analyse and comment dear citizen.
by UnknownUnicorn462803
Pound rises even as inflation tops 11%The British pound has moved higher on Wednesday. In the European session, GBP/USD is trading at 1.1934, up 0.56%. The pound roared on Tuesday, gaining close to 1% and punching past the 1.20 line for the first time in three months. It has been a busy time for sterling, which has been marked by sharp swings that would make an exotic currency blush. The pound's volatility has been especially pronounced in the month of November. The US dollar has hit a rocky patch and the pound has taken full advantage, climbing 3.5% this month. UK inflation continues to rise and hit a staggering 11.1% in October, a 41-year high. The upward trend continued despite the government introducing an energy price guarantee. Inflation jumped from 10.1% in September and ahead of the consensus of 10.7%. Core CPI remained unchanged at 6.5%, but was higher than the forecast of 6.4%. The Bank of England hasn't been able to stem rising inflation despite tightening policy but will be hoping that its jumbo 0.75% hike earlier in November will take a bite out of the next inflation report. The UK economy is facing a double-whammy of high inflation and a recession, and all eyes will be on Finance Minister Jeremy Hunt, who will announce the government budget on Thursday. Hunt will aim to restore the government's credibility and stability, after the recent political soap opera which resulted in three different prime ministers in a matter of months and significant financial instability. The UK employment report on Tuesday was lukewarm, with unemployment ticking higher to 3.5%, up from 3.4%. The Bank of England will be concerned about the increase in wage growth, which will create even more inflation. Wages excluding bonuses rose to 5.7%, up from 5.5% and ahead of the consensus of 5.6%. The BoE will be under pressure to continue hiking aggressively, even though this will hurt the struggling UK economy. GBP/USD has pushed above resistance at 1.1878. The next resistance is 1.2030 1.1767 and 1.1660  are providing support
by OANDA
1
UK policy announcements fuels rally against the greenbackEUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔼 XAU 🔼 WTI 🔽 The new UK chancellor has scrapped more tax cuts in the "mini-budget", and slashed its energy subsidies. Although the new administration's grip on authority remains tenuous, the British Pound and Euro significantly managed to bounce back against the US dollar. GBP/USD reached a high of 1.1431, then retreated to 1.1353, while EUR/USD rose over 100 pips and closed at 0.9838. Stocks also improved upon a return of risk appetite. The three major indices rebounded with notable gains, the biggest earner being the Nasdaq 100, which increased 370 points (+3.46%) to 11,062. Dow Jones and S&P 500 also added 1.86% and 2.65% respectively. AUD/USD climbed and stabilized at 0.629, and the Reserve Bank of Australia maintained that moderate rate hikes are likely needed to control inflation. USD/CAD plunged almost 170 pips to 1.3709, and USD/JPY traded higher to a 32-year high of 149.03. A weaker dollar sees the gold price last trading at $1,650.67 after a high of $1,666.4 an ounce. WTI oil futures closed slightly lower at $84.53 a barrel, citing Energy Information Administration's higher expectations in US oil production.
by Mitrade_official