Currency Outlook of 3rd February 2014 - Swastika Investmart Ltd

USD INR

Rupee lost 0.25 percent against the dollar in futures on Friday and closed at 63.1250. The spot rate is currently at 62.68. 

Dollar Index closed at 81.2520 rising by 0.21 percent from the previous close. 

U.S. core PCE price index rose to a seasonally adjusted 0.1%, from 0.1% in the preceding month. U.S. employment c

Currency Market Update For 31st Jan 2014 - LKP Securities Ltd

MCX-SX USDINR Feb 2014

Rupee weakened amid a global rout after the U.S. Federal Reserve decided to further prune its asset purchase programme which will potentially lead to foreign fund withdrawals from emerging markets including India. The unit however staged a recovery after banks sold dollars to book profits at higher levels. Sources stated state-run banks sell

Currency Trading Tips For 31st Jan 2014 - Way2Wealth

USDINR

USDINR: 62.9650

The pair had provided a clear breakout from the triangular pattern formed within the larger broadening pattern. Now, it seems to be failing that too as it has dipped below its trend line support. So, lots of whipsaws been witnessed in the pair which creates almost no positions for the medium term traders.

Currency Trading Tips For 31st Jan 2014 by Ambalal Shares and Stocks Pvt Ltd

USDINR

COMMENTARY:

$ The Indian rupee weakened amid a global rout after the U.S. Federal Reserve decided to further prune its asset purchase programmed which will potentially lead to foreign fund withdrawals from emerging markets including India. $ Investors ploughed back into the yen early as safe-haven demand returned wi

Currency Outlook of 31st January 2014 - Swastika Investmart Ltd

OUTLOOK: USD INR

We expect the rupee to trade on a neutral to positive note against the dollar taking cues from less positive than expected economic data from USA. However, correction in the domestic market and strength in dollar index may cap sharp gains in the rupee.

Technical Outlook:

As seen on the intraday

Currency Daily Technical Report For 31st Jan 2014 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee depreciated around 0.2 percent in yesterday’s trading session. The currency depreciated on the back of cut of $10 billion stimulus measures by the US Federal Reserve in its meeting on Wednesday. Further, weak market sentiments coupled with strength in the DX exerted downside pressure on the currency. Additionally, outflow of aroun

Currency Trading Tips For 30th Jan 2014 by Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The Indian rupee gave up most gains as investors covered their short dollar positions ahead of the outcome of the U.S. Federal Reserve's two-day policy meeting, while weaker local shares also hurt. $ Japan's yen extended its pullback early , while higher-risk currencies such as the Australian

Currency Market Update For 30th January 2014 - LKP Securities Ltd

MCX-SX USDINR Feb 2014

Rupee gave up most gains as invest ors covere d their short dollar positions ahead of the outcome of the U.S. Federal Reserve's two-day policy meeting, while weaker local shares also hurt. The Fed is expected to cut monthly debt purchases by another $10 billion, after cutting it by the same amount in December. Continued reduction in U.S

Currency Daily Technical Report For 30th Jan 2014 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee appreciated around 0.2 percent in yesterday’s trading session. The currency appreciated on the back of selling of dollars by exporters coupled with weakness in the DX in early part of the trade. Further, rise in interest rates by Reserve Bank of India (RBI) in its meeting on Tuesday to control inflation and stabilize which support

Currency Trading Tips For 29th Jan 2014 - Way2Wealth

USDINR

USDINR: 62.60

The pair had provided a clear breakout from the triangular pattern formed within the larger broadening pattern. Now, it seems to be failing that too as it has dipped below its trend line support. So, lots of whipsaws been witnessed in the pair which creates almost no positions for the medium term traders. The short

Currency Trading Tips For 29th Jan 2014 by Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The Indian rupee posted its biggest single-day gain in over two months , snapping a three-day falling streak after the central bank unexpectedly raised interest rates to bring down consumer inflation. $ The dollar regained a firmer footing against the yen , as expectations the U.S. Federal Reserve wi

Currency Outlook of 29th January 2014 - Swastika Investmart Ltd

OUTLOOK: USD INR

We expect the rupee to trade on a neutral to positive note against the dollar taking cues from mixed economic data from US and slight positivity in the global markets. However, month end demand by the importers and increasing strength in the dollar index will cap sharp gains in the rupee.

Technical Outlook:

Currency Market Update For 29th January 2014 - LKP Securities Ltd

MCX-SX USDINR Feb 2014

Rupeeposteditsbiggestsingle-daygainin overtwo monthssnapping a three-day falling streak after the central bankunexpectedly raised interest rates to bring down consumer inflation.Investors were also comforted after the Reserve Bank of India (RBI)indicated it did not foresee more near-term policy tightening shouldretail inflation ease in line

Currency Daily Technical Report For 29th Jan 2014 - Angel Broking Pvt Ltd

US Dollar

Index The US Dollar Index (DX) gained around 0.1 percent yesterday due to concerns of QE tapering by the Federal Reserve in its meeting today. However, sharp upside in the currency was capped due to rise in risk appetite in market sentiments in later part of the trade which led to decline in demand for the low yielding currency. The currency touched an i

USD-INR: bulls take control - Sharekhan

USD-INR: bulls take control

From the high of 68.80 USD-INR had fallen down sharply. Near the end of the fall it has formed an ending diagonal pattern. Recently the pattern has broken out on the upside. The short-term momentum indicator is in line with the breakout. From the short-term perspective key levels on the upside are at 63.90–64.80 ie 38.2%-50% retr

Currency Market Update For 28th Jan 2014 - LKP Securities Ltd

MCX-SX USDINR Jan 2014

Rupee fell for a third consecutive session to its lowest against the dollar since mid-November as a broad emerging market sell-off raised worries foreign investors would pare down their domestic stock and bond holdings. The Reserve Bank of India's policy review on Tuesday also kept investors cautious. Although the central bank is expecte

Currency Trading Tips For 28th Jan 2014 - Way2Wealth

USDINR: 63.1925

The pair has provided a clear breakout from the triangular pattern formed within the larger broadening pattern. Now, in the medium term the gates are open for 65.15 levels on the upside, whereas, on the lower side, 62.66 is a very crucial support and below that 62.1125 levels. Now, till the pair is trading above these levels the bulls need not wor

Currency Trading Tips For 28th Jan 2014 - Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The Indian rupee fell for a third consecutive session to its lowest against the dollar since mid-November as a broad emerging market sell-off raised worries foreign investors would pare down their domestic stock and bond holdings. $ The dollar slipped to a seven-week low against the yen as a sell-off in emerging m

Currency Outlook of 28th January 2014 - Swastika Investmart Ltd

OUTLOOK : USD INR

We expect the rupee to remain volatile today ahead of the RBI monetary policy review today and Fed Monetary Policy Decision tomorrow. A negative bias can be expected in the rupee due to weak global and domestic market sentiments amid concerns of slower Chinese growth and continuity in the pace of Fed stimulus cut back.

Technica

Currency Daily Technical Report For 28th Jan 2014 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee depreciated around 0.7 percent yesterday, marking sharp losses ahead of the RBI’s monetary policy review on today. Also, dollar demand from oil importers and firms coupled with defense related purchases acted as negative factor. Further, mixed market sentiments exerted downside pressure on the currency

But the currency

Currency Trading Tips For 27th Jan 2014 - Way2Wealth

USDINR

The pair has formed a broadening pattern and it seems to have formed a base for the short term. It has almost formed a double bottom at 61 levels; however, the breakout of the same comes above 64.19 levels. Now, within this broadening pattern it has formed a triangular pattern and the breakout of the same will be confirmed above 63.1350 levels. So, we recom

Weekly Currencies Outlook & Strategy 27th Jan 2014 - Angel Broking Pvt Ltd

Rupee

Outlook

• We expect Indian Rupee to be range bound and depreciate on the back of cautious statement from RBI Governor in last week which indicated a rise in interest rates in monetary policy review meeting on 28th Jan’14.

• Further, concerns of QE tapering by the Federal Reserve, strength in the DX along

Currency Trading Tips For 27th Jan 2014 - Ambalal Shares and Stocks Pvt Ltd

COMMENTARY:

$ The Indian rupee fell to a two-month low , posting its worst week in five months, as local shares slumped mirroring a global selloff, with the central bank's policy review next week to set the tone for the currency. $ The yen and Swiss franc held firm early day, having charged higher overnight as worries about a slowdown in China and turmoil in s

Currency Market Update For 27th Jan 2014 - LKP Securities Ltd

MCX-SX USDINR Jan 2014

Rupee fell posting its worst week in five months, as local shares slumped mirroring a global selloff, with the central bank's policy review next week to set the tone for the currency. The rupee's fall was driven by steep losses in shares, as investors fled markets in Asia and Latin America, fearing the impact of a slower growth in Ch