ECB also acknowledged that groth in inflation is losing traction - IIFL

FX

 Euro retreated lower as minutes of the recent ECB policy meeting revealed that policymakers are concerned about prevalent strength in the currency. ECB also acknowledged that groth in inflation is losing traction, with CPI scaling lower to 1.3% in June from 1.4% in May and 1.9% in April. This indicates that the central bank is not contemplatin

US dollar rebounded to a three week high against the basket of currencies - IIFL

FX

 US dollar rebounded to a three week high against the basket of currencies, underpinned by strong retail sales numbera, which posted their biggest rise in seven months. Higher business inventory stockpiling during June also boosted the greenback. Meanwhile, Yen derived cues from strong macroeconomic number as well. Japan's Q2 GDP expanded a

Dollar advances on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.47% in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US and as tension between United States and North Korea eased. US Retail sales data showed largest gain in 7 months. Further, upside in dollar continued on news that North Korean leader

EURUSD traded lower by 0.4 percent yesterday - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian rupee appreciated marginally on Monday as investors expected the domestic CPI to follow the positive trend in WPI data released earlier during the day. India’s WPI rose 1.88 percent in July from a year earlier, compared with an increase of 0.63 percent in July 2016

JPYINR trading range for the day is 58.34-58.78 - Kedia Commodity Ltd

USDINR

* USDINR trading range for the day is 63.95-64.38.

* Rupee settled flat paring all of its gains on oil importer demanded dollars in a truncated week.

* India's wholesale price index in July rose 1.88 percent from a year earlier, after easing for four months, government data showed.

* India's industrial produ

USDINR: Re-Testing the Break-Down Zone - Sharekhan

USDINR: Re-Testing the Break-Down Zone

USDINR after breaking down below the rising trend line and previous swing low has seen a counter move which is just re testing of the break down zone. This move can be seen as a shorting opportunity. Daily & weekly Moving averages are resistance on upside and the momentum indicator is negative. Hence one can s

USDINR spot is expected to depreciate towards 64.70 levels - Angel Broking

Currencies

Statements, events and acts that moved the markets last week has been explained below:

The US warned that further threats from the country would be met with “fire and fury like the world has never seen” citing North Korea and Pyongyang's threat of possible armed retaliation. Despite this, North Korea said it’s

JPYINR jumped by 2 percent last week - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian rupee weakened by 0.5 percent last week as investors got nervous after news report that the Indian Army had asked villagers near Doklam to vacate their homes. On the other hand, global scenario was not bright either with US - North Korea tensions hurting the risk appetit

USDINR trading range for the day is 64.13-64.45 - Kedia

USDINR

* USDINR trading range for the day is 64.13-64.45.

* Rupee fell to near two-week low against the dollar on likely outflows from local stocks and increasing tensions between the US and North Korea.

* Also, sentiments on domestic front deteriorated as tensions rise between India-China over disputed territory in Sikkim.

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GBPINR spot is expected to gain further today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian rupee weakened by 0.4 percent in the previous session as investors got nervous after news report that the Indian Army had asked villagers near Doklam to vacate their homes. On the other hand, global scenario is not bright either with US - North Korea tensions hurting the

We can expect EURINR prices should move lower towards - Choice India

USDINR

Technical View:

On a daily chart, the pair has given breakdown of its rising channel trend line at 64.20 level.

Moreover, prices have been trading below its 50 DSMA which gives the sign of bearishness in the prices.

A momentum indicator RSI has moved below 40 level on a daily chart,

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar declined by 0.16% in yesterday’s trading session against basket of six major currencies on the back of disappointing economic data from US and rising tension between United States and North Korea. North Korea said that it’s planning to launch four intermediate range ballistic missiles into waters near Guam in

Dollar down on disappointing economic data - Sharekhan

US Dollar Index (DX):

US Dollar declined by 0.11% in yesterday’s trading session against basket of six major currencies on the back of disappointing economic data and rising tension between United States and North Korea. US president Donald Trumph warned North Korea it would be met with “fire and fury” if it threatens United States.

Pound however it remained on the defensive against Swiss Franc and Yen - IIFL

FX  

US dollar scaled higher against Euro and pound, however it remained on the defensive against Swiss Franc and Yen. This is quite explicable given the fact that Yen and Swiss Franc tend to perform the best when geopolitical tensions are at peak. Meanwhile, South Korean won tumbled, registering the steeped one-day fall in nearly 8 weeks. Tension

USDINR: Bearish Stance continues - Sharekhan

USDINR: Bearish Stance continues

USDINR has broken down from the rising trend line. The currency pair has also broken below its previous swing low (63.92) and is headed down towards 62.35. The daily momentum indicator is negative .The Daily & weekly moving averages are facing resistance on upside. Any possible rise

EURINR spot is expected to trade sideways today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian rupee has been strengthening in the past few trading sessions on account of consistent inflows in equities as well as debt markets. However, it weakened by around 0.3 percent on Wednesday to close at 63.86 mark. Losses in local equities amid escalating tensions between

GBPINR trading range for the day is 82.9-83.5 - Kedia

USDINR

* USDINR trading range for the day is 63.81-64.1.

* Rupee weakened to near one-week low against the US dollar on likely outflows from local stocks, demand from oil importers amid strong dollar.

* The RBI cut interest rates last week - but maintained its neutral stance and said inflation could accelerate.

* Activity

USDINR spot is expected to weaken today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

After appreciating by 0.21 percent yesterday, USDINR spot is expected to weaken today tracing losses in the Asian markets. Markets take a risk-off approach after the US and North Korea exchanged threats amid escalating tensions between the two nations. All of the above factors

USDINR trading range for the day is 63.67-64.02 - Kedia

USDINR

* USDINR trading range for the day is 63.67-64.02.

* Rupee gained as the dollar remained lower as trading remained quiet with no major U.S. data, although Friday’s strong U.S. jobs report still lent some support.

* India's private sector activity deteriorated at the fastest pace since early 2009 in July, following t