The dollar steadied but eyed a weekly loss as Middle East peace talks and SpaceX’s massive IPO dominated market attention. The euro edged higher after the ECB’s rate hike, while traders awaited the Federal Reserve’s upcoming meeting. Markets are assessing the impact of potential peace and the SpaceX offering on fund flows.
Nifty’s 5-day fall may be nearing a reversal; Anand James maps key levels for this week
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week