The US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy’s resilience. Notably, the US economy posted robust annualized growth of 4.9% in Q3 2023, despite higher interest rates. Core PCE prices and personal spending further reinforced the notion of sustained economic strength.
HFCL shares slide 26% in a month, placed near 200 DEMA support. Is a breakdown imminent?
The stock is currently trading at Rs 120, positioned below its 10, 20, 50, and 100-day exponential moving averages (DEMAs), while attempting to hold above