Sterling Pound is expected to trade lower - Angel Broking

US DOLLAR INDEX (USD)

The American currency traded higher by 0.38 percent in yesterday’s trading session owing to fading geopolitical concerns between the US and China after the China’s Foreign Ministry fired back at Donald Trump saying that they intend to return the drone back and are in touch with the US officials for the same. This boost

GBPINR: Bears having upper hand - Sharekhan

USDINR: Downward potential exists

In June, USDINR had faced resistance near 78.6% retracement of the February-March fall. After that, it entered a correction mode. During September-October, it was in a consolidation phase, which broke out on the upside. In November, the currency pair rallied towards the high of 68.89. Near the high, the bears came in

The Euro currency traded lower - Angel Broking

Euro

* The policy outcome of US Federal Reserve has affected global markets and their respective currencies. The Euro currency traded lower by more than 1 percent in the last week as the US dollar rallied to its strongest level since 2003 against the euro.

* Furthermore, markets have not forgotten the ECB Monetary policy outcome where the com

The Euro currency is expected to trade lower - Angel Broking

US DOLLAR INDEX (USD)

The American currency traded lower by 0.05 percent in yesterday’s trading session after the newly elect US President Donald Trump criticized China over seizure of underwater drone from American sailors which heightened the geopolitical tensions between the two countries.

In return, China’s Foreign Ministry ha

JPYINR trading range for the day is 57.57-58.16 - Kedia

Currency Update

USDINR

# USDINR trading range for the day is 67.68-68.03.

# Rupee traded in the range on dollar buying by importers amid dollar weakness.

# India's current account deficit widened in July-September from the previous quarter after an increase in imports but it remains we

Buy NSE USDINR December between 67.60 – 67.50, Stoploss – 67.20, Target – 68.00 / 68.10 - Angel Broking

NSE USDINR

NSE USDINR Dec as seen in the weekly chart above has opened the week at 67.52 levels and starting of the week it made a weekly low of 67.4825 levels. Later on as prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 67.95 levels. At the last trading session of the week prices corrected from higher lev

The Sterling Pound is expected to trade lower - Angel Broking

US DOLLAR INDEX (USD)

The American currency nearly surged by 1.32 percent in the last week as the markets rejoiced the rate hike move by the US Federal Reserve; almost second time since the 2008 crisis. The target federal funds rate was hiked by 25 basis points to between 0.50- 0.75 percent. Plus, the US Fed Chair hinted at the possibility of three rat

USDINR trading range for the day is 67.67-68.02 - Kedia

USDINR

# USDINR trading range for the day is 67.67-68.02.

# Rupee appreciated on dollar selling by foreign banks amid corporate inflows.

# India's trade deficit widened to $13 billion in November from a provisional $10.16 billion last month, government data showed.

# Indian banks have taken back 12.44 trillion rupees (

USDINR may depreciate while - Angel Broking

NSE USDINR Dec

Today NSE USDINR Dec opened with gap up at 67.83 levels and touched the intraday high of 67.93 levels. Today prices have touched the intraday low of 67.73 levels, but not able to sustain on lower levels and rallied sharply towards the intraday high levels. As per the technical chart structure, prices have formed Hammer type candlestick p

Pound plunges after BOE policy meet - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.58 percent in yesterday’s trading session on the back of strong dollar and rise in risk aversion in the domestic market. Dollar gained strength after US Federal Reserve raised its key interest rate and signaled faster increase in 2017. Further, continued FII’s outflows from local shares and weak ma

EURINR is expected to trade sideways to higher - Angel Broking

US DOLLAR INDEX (USD)

The US Dollar Index traded higher by 1 percent in yesterday’s trading session as markets discount FOMC monetary policy outcome. The US Federal Reserve raised interest rates for the second time since 2008 crisis. The target federal funds rate was hiked by 25 basis points to between 0.50 percent and 0.75 percent. Not only this

EURINR trading range for the day is 70.46-72.01 - Kedia

USDINR

# USDINR trading range for the day is 67.65-68.05.

# Rupee fell to a one-week low after the U.S Federal Reserve signalled a faster-than-expected pace of tightening next year.

# There was no sign of Reserve Bank of India intervening in the currency market, but the central bank could step in if the rupee fell sharply.

FED'S Yellen Update - Kedia

•    Fed's Yellen says rate hike is a reflection of confidence in economic progress, a vote of confidence in US economy.

•    Fed's Yellen says Fed making progress toward inflation, job goals; US has a strong labor market and a resilient economy.

•    Fed's Yellen says [FOMC] wants inflation to rise to 2

15/12/2016 11:06:32 AM | Posted in Commodities Reports read full news
Dollar advance after Fed increases rate hike projection - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.15 percent in yesterday’s trading session on the back of ease in inflation. Traders speculate that contraction in IIP and ease in inflation may provide room for RBI to cut interest rates further. However, sharp gain was prevented on strong dollar and as investors remained cautious ahead of US Federal Res

Sterling Pound is expected to trade lower - Angel Broking

US DOLLAR INDEX (USD)

The US Federal Reserve in Dec’16 FOMC meeting that took place yesterday raised interest rates for the second time since 2008 crisis. The target federal funds rate was hiked by 25 basis points to between 0.50 percent and 0.75 percent. Not only this, the US Fed Chairwoman Janet Yellen stated that this move was a modest adjustm

USDINR trading range for the day is 67.38-67.72 - Kedia

USDINR

* USDINR trading range for the day is 67.38-67.72.

* Rupee traded flat ahead of the outcome of the two-day FOMC meeting and after India's retail inflation print edged lower.

* India's retail inflation in November fell to record low level under the new series on account of demonetization drive initiated by the governme

Euro currency traded lower - Angel Broking

Euro

* Euro currency traded lower by more than 1 percent in the last week as the after-effects of ECB Monetary policy outcome dented the demand for the shared currency.

* ECB committee extended its bond-buying program until Dec’17 and surprised the markets by announcing to buy bonds worth €60 billion a month from Apr’17. The

Currencies under pressure ahead of FOMC meeting - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.18 percent in yesterday’s trading session on the back of strong dollar and as investors remained cautious ahead of macroeconomic data and US Federal Reserve policy meet. India CPI is likely to ease to 3.9 percent in November compared to 4.2 percent in October. Further, FII outflows from local shares add

EURINR is expected to trade lower - Angel Broking

US DOLLAR INDEX (USD)

US Dollar Index traded mostly in a range bound manner in yesterday’s trading session as investors play safe prior to the Federal Reserve policy meeting where there is a widespread expectation for a rate hike. The Fed is widely expected to hike rates for the first time in a year on Wednesday, with investors pricing in a 100

JPYINR trading range for the day is 58.46-58.92 - Kedia

USDINR

# USDINR trading range for the day is 67.41-67.71.  

# Rupee extended fall on dollar demand by oil importers amid rising bets of a Federal Reserve rate hike later.  

# The ADB trimmed its 2016 growth estimate for India to 7.0% from 7.4% due to weak investment, and government's recent demonetization.  

JPYINR: Tumbling down - Sharekhan

USDINR: On a downward trajectory

In June, USDINR had faced resistance near 78.6% retracement of the February-March fall. After that, it entered a correction mode. During September-October, the currency pair was in a consolidation phase, which broke out on the upside. In November, it rallied toward the high of Rs68.89, where the bears came in to restric

Sell NSE USDINR December between 67.70 – 67.80, Stoploss – 68.10, Target – 67.20 / 67.00 - Angel Broking

NSE USDINR

NSE USDINR Dec as seen in the weekly chart above has opened the week with gap down at 68.2650 levels and on the same day it made a weekly high of 68.3925 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 67.4250 levels. This week prices have closed below the previous

Dollar down ahead of FOMC meet - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.09 percent on Friday’s trading session after appreciating for eight consecutive sessions on the back of strong dollar and as investors remained cautious ahead of macroeconomic data and US Federal Reserve policy meet. IIP is estimated to increase by 1 percent in October compared to 0.7 percent in Septembe

Sterling Pound is expected to trade lower - Angel Broking

US DOLLAR INDEX (USD)

US Dollar Index traded lower by 0.55 percent in yesterday’s trading session as investors play safe prior to the Federal Reserve policy meeting where there is a widespread expectation for a rate hike. The Fed is widely expected to hike rates for the first time in a year on Wednesday, with investors pricing in a 100 percent c

EURINR trading range for the day is 71.38-72.14 - Kedia

USDINR

* USDINR trading range for the day is 67.31-67.84.

* Rupee snapped three-day gains tracking upbeat jobs data in US amid a surprise move by ECB of extending the asset purchase programme.

* The Reserve Bank of India announced the issuance of two cash management bills under Market Stabilisation Scheme worth a total of Rs 1.3 tri