Yen derived from BOJ policy meeting - IIFL

FX

Yen derived from BOJ policy meeting, where although a status quo was maintained on the interest rates and asset purchase program, one of tha board member had a divergent view, calling for an increase in the monetary stimulus given that inflation target of 2% remains elusive. Meanwhile, US dollar retraced from the recent high against the basket of currencies, as geopolitical tensins

Dollar edges lower against Yen remains supported in subdued trade - GEPL

Dollar edges lower against Yen remains supported in subdued trade

Market Commentary

* The dollar weakened against a basket of currencies on Thursday, pulling back from a more than two-week peak.

* The dollar dipped 0.2 percent to 112.28 yen, but was still up 1.3 percent on the week in which it scaled

GBPINR is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to strengthen slightly on account of weak US Dollar Index after a report stated that North Korea could respond to fresh sanctions with a hydrogen bomb in the Pacific. However, sharp gains could be restricted as markets still remember the recent FOMC meet

GBPINR trading range for the day is 86.73-87- Kedia

USDINR

* USDINR trading range for the day is 64.22-65.22.

* Rupee dropped as pressure seen after FOMC hinted of a potential rate hike in December and tapering off balance sheet from October.

* Fed left interest rates unchanged following a two-day policy meeting, but signalled that a further rise in short-term borrowing costs was st

Sell USDINR @ 64.85 SL ABV 65.40 TGT 64.25-63.70 - Kedia Commodity

USDINR

Outlook:

Indias Q2 GDP growth slumped to the slowest pace since Q1 2014, which could raise market hopes for further monetary easing. India’s foreign reserves rose to a record high of USD 394.6bn as of 25 August amid portfolio inflows. The standoff between India and China in the Doklam/Donglang are

US dollar rebounded strongly from the lows - IIFL

FX

 US dollar rebounded strongly from the lows, with the ascent more pronounced against Euro and Yen. With Fed showing a clear intent on normalising the monetary policy, it seems investors are flocking back to the greenback. Moreover, renewed hopes of tax reforms in US is also evolving the dynamics in FX markets. Meanwhile, Sterling retreated fro

Dollar gains in Asia after Fed details policy views - GEPL

Dollar gains in Asia after Fed details policy views

Market Commentary

* The dollar rose to a two-month high against the yen and extended its gains against the euro on Thursday after a hawkish-sounding Federal Reserve heightened expectations for an interest rate hike in December.

* The euro shed 0.15

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to depreciate as US Dollar Index rallies after the US Federal Reserve sets date for balance sheet reduction in yesterday’s FOMC policy meeting. Adding to the hawkishness, the Fed committee sees four more hikes through 2018. Therefore the next few m

USDINR trading range for the day is 64.19-64.58 - Kedia

USDINR

* USDINR trading range for the day is 64.19-64.58.

* Rupee recovered from day’s low as investors remain focused on the Federal Open Market Committee monetary policy meeting outcome.

* The Indian government is discussing steps to revive the economy, Finance Minister Arun Jaitley said.

* India's current acc

Buy NSE USDINR Sept between 63.90 – 64.00, SL – 63.70, Target – 64.50 / 64.60 - Angel Broking

NSE USDINR Sept (CMP – 63.9025)

NSE USDINR Sep as seen in the weekly chart above has opened the week with gap up at 63.97 levels and at the starting of the week it made a weekly low of 63.95 levels. Later on prices could not able to sustain on lower levels and bounce back and rallied sharply from lower levels and made a weekly high of 64.2450 lev

Buy USDINR Spot @ 64.22 & Upto 64.15 SL 63.75 TGT 65.20 - Choice Broking

* USDINR, after peaking in 2016 near to 69 level, has fallen to 63.55, the fall looks to be impulsive in nature. The fall can be attributed to weakness in the dollar index and strength in global and domestic equity markets.

* USDINR has formed short-term base near 63.55 level which is a 50% Fibonacci retracement of the rise from 2014 lows of 58.22 to 2016 peak of 68.88.

* Th

Euro firmed in light of better than expected German business sentiment index - IIFL

FX

 US dollar remained on the defensive against major currencies ahead of FOMC policy statement, with investors keen to know the prospects of further rate hikes this year. It will be also interesting to know how convincingly fed communicates regarding tapering of balance sheet. Meanwhile, Euro firmed in light of better than expected German busines

JPYINR is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to appreciate today tracking gains in the Asian markets currencies. Also, markets are expected to indulge into speculation prior to the release of FOMC policy statement post the market hours. There is no expectation of rate hike however markets expect so

GBPINR trading range for the day is 86.34-87.36 - Kedia

USDINR

*  USDINR trading range for the day is 64.11-64.55.

* Rupee plunged to near two month lows on outflows related to foreign investors and on caution before the Fed’s monetary policy meeting outcome.

* India’s trade deficit widened to $11.64 billion in August from a month ago, government data showed.

EURINR spot is expected to fall towards 75.90 levels - Angel Broking

Currencies

This week the spotlight will be on the FOMC Policy Meet (19-20 Sep’17) with markets widely expecting the Fed to hold rates steady and announce they will start shrinking their balance sheet in Oct’17. Yellen's press conference will be scrutinised for any comments on the lack of inflation despite a steadily improving job secto

There are no indications from ECB regarding a rate move - IIFL

FX

 BOE's hawkish tone has changed the dynamics of GEP/Euro trade, where markets are now paring expectations of the pair hitting a parity. Although BOE governer mentioned that the rate hikes will be gradual and limited, some Banks (HSBC&Barclays) are projecting UK interest rates to hike as early as November. On other side of the channel,

Dollar near 8-week high against Yen as US yields accelerate - GEPL

Dollar near 8-week high against Yen as US yields accelerate

Market Commentary

* The dollar hovered near an eight-week high against the yen on Tuesday, supported as U.S. Treasury yields continued their sharp rebound from 10-month lows.

* The dollar stood little changed at 111.455 after climbing to 11

EURINR will likely trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian Rupee is likely to trade sideways today ahead of the crucial FOMC statement release due tonight. The domestic currency slipped to one-month low of 64.15 on Monday as investors turned wary ahead of Federal Reserve meeting. Last week as well, the Indian Rupee spot depreci

JPYINR trading range for the day is 57.44-58.06 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.01-64.3.

* Rupee traded in range on likely foreign institutional investor funds inflow into local stocks and on caution ahead of US Federal Reserve's monetary policy meeting.

* Wholesale price inflation quickened to 3.2 pe

Sterling is ruling the roost, with values at the highest level - IIFL

FX

Sterling is ruling the roost, with values at the highest level against greenback since June last year. Meanwhile, Euro is also holding ground, as clamour for trimming bond purchases from various ECB officials is getting louder given the steady flow of macroeconomic numbers. In Asia, Yen has pared gains against US dollar as flare up in North Korean t