Dollar tumbled as early rate hike expectation faded - Sharekhan

US DOLLAR INDEX (DX)

US Dollar decreased by 0.68 percent in yesterday’s trading and hit 6 week low as downbeat economic data from US faded early rate hike expectation by US Federal Reserve. Key inflation data core personal consumption expenditure index grew only by 0.1 percent in June keeping annual inflation unchanged at 0.9 percent. ISM Manufacturing PMI data

Sterling Pound is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

After plunging by more than 1 percent, the American currency has finally got some breather and increased by 0.2 percent in yesterday’s trading session. The strength could be mainly attributed to the recent weakness that has prompted the traders to place fresh bets.

However, sharp gains were restricted owing to the

Sterling tumbled after weak manufacturing data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.37 percent in yesterday’s trading session on the back of weak dollar and on optimism that the government may pass goods and services tax bill in current parliament session. Dollar showed weakness as downbeat economic data from U.S faded early rate hike expectation by US Federal Reserve. Further, continue

Buy JPYINR @ 65.20 StopLoss 64.90 Target 65.50-65.85 - Kedia

NSE-CUR USDINR

USDINR trading range for the day is 66.92-67.15.

Rupee posted its biggest single-day gain in over one-month on dollar selling by foreign banks amid weakness in the greenback.

The Indian government sought parliament's approval to spend an extra 1.03 trillion rupees ($15.43 billion) in the fiscal year ending in Marc

Euro is expected to trade higher - Angel Broking Pvt Ltd

Euro

Weekly Price Performance

• Euro currency traded higher by 1.8 percent in the last week on account of robust release of economic datasets from the nation.

• Inflation in Germany has climbed higher more than the expected levels thereby infusing optimism over the strength of the Euro-zon

Sell NSE USDINR August between 67.40 – 67.50, StopLoss- 67.80, Target – 66.90 / 66.70 - Angel Broking

NSE USDINR

NSE USDINR Aug as seen in the weekly chart above has opened the week with gap up at 67.54 levels and at the starting of the week it made a weekly high of 67.82 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply towards the weekly low of 67.29 levels. This week prices have closed below the pre

Euro is expected to trade higher - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The American currency plunged by more than 2 percent in the last week as markets discounted the recent FOMC monetary policy review. The Federal Reserve made a comment that the labour market was finally getting back on track and near term risks to the American economy had started to fade. However, the inflation rate still lingered

Sterling Pound is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The American currency plunged by 0.3 percent in yesterday’s trading session as markets discounted the recent FOMC monetary policy review. The Federal Reserve made a comment that the labour market was finally getting back on track and near term risks to the American economy had started to fade. However, the inflation rate sti

Sell USDINR Below 67.35 StopLoss 67.48 Target 67.22-67.10 - Kedia

NSE-CUR USDINR

USDINR trading range for the day is 67.21-67.55.

Rupee appreciated for the third straight day on buying by foreign banks amid weak dollar after the Federal Reserve left rates unchanged.

An indicator signaling turning points in the Indian economy declined for the first time in three months in June.

RBI banks

Euro advances on upbeat economic data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.16 percent in yesterday’s trading session on the back of weak dollar and continued FII inflows into local shares. Further, risk appetite in the markets improved on optimism that the government may pass goods and services tax bill in current parliament session. FII’s net bought stocks worth Rs 1767.

Yen weaken after surprisingly large stimulus package - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.19 percent in yesterday’s trading session on the back of weak dollar and continued FII inflows into local shares. FII’s net bought stocks worth Rs 404.69 crores yesterday as per provisional data from NSE. Benchmark stock index 50 shares Nifty Index increased by 0.29 percent to 8615.8. However, rupe

Sterling Pound is expected to trade sideways - Angel Broking

US DOLLAR INDEX (USD)

In yesterday’s FOMC meeting, the Federal Reserve made a comment that the labour market is finally getting back on track and near term risks to the American economy has started to fade. However, the inflation rate is still lingering under the 2 percent target which has prompted the US policymakers to keep the interest rates o

Buy JPYINR Above 64.25 StopLoss 63.90 Target 64.55-64.85 - Kedia

NSE-CUR USDINR

USDINR trading range for the day is 67.38-67.76.

Rupee appreciated on likely dollar selling by nationalised and foreign banks amid caution ahead of the outcome of the FOMC meeting.

The Reserve Bank of India's outgoing governor, Raghuram Rajan, staunchly defended his record in curbing inflation and cleaning up bad

Sell GBPINR @ 88.55 StopLoss 88.90 Target 88.18-87.80 - Kedia

NSE-CUR USDINR

USDINR trading range for the day is 67.11-67.57.

Rupee appreciated on dollar selling by exporters amid weakness in the greenback.

Further weakness in the greenback ahead of the outcome of the Federal Open Market Committee meeting set to conclude on Jul 27.

An indicator signaling turning points in the Indian

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

In spite of the robust release of consumer confidence and new home sales data from the nation that came better than the forecasted levels, the American currency plunged by 0.2 percent in yesterday’s trading session.

This weakness could be attributed to the increased speculation and caution in the market ahead of th

Dollar under pressure ahead of monetary policy meeting - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.12 percent in yesterday’s trading session on the back of weak dollar and continued FII inflows into local shares. FII’s net bought stocks worth Rs 670.89 crores yesterday as per provisional data from NSE. However, rupee remained under pressure as investors remained cautious ahead of policy meetings

Sell NSE USDINR August between 67.70 – 67.80, Stoploss- 68.10, Target – 67.20 / 67.10 - Angel

NSE USDINR

NSE USDINR Aug as seen in the weekly chart above has opened the week with gap down at 67.60 levels and in the mid of the week sessions it made a weekly high of 67.68 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply towards the weekly low of 67.45 levels. This week prices have closed below t

GBPINR: Slide may continue - Sharekhan

USDINR: Taking a leap

USDINR had crossed all-time high of Rs68.80 and had made a new high of Rs68.89. However, it couldn’t sustain at higher levels and retreated sharply. The fall found support near a crucial swing low as well as near the lower end of a medium-term rising channel. It formed an accumulation triangle near those supports and started

GBPINR trading range for the day is 87.93-88.86 - Kedia

NSE-CUR USDINR 

USDINR trading range for the day is 67.08-67.49.

Rupee snapped two-day gains on dollar buying by nationalised banks on behalf of oil importers.

An indicator signaling turning points in the Indian economy declined for the first time in three months in June, the Conference Board said.

RBI said banks borr

Japanese yen is expected to sideways - Angel Broking

US DOLLAR INDEX (USD)

The American currency plunged by 0.2 percent in yesterday’s trading session as recent robust release of economic datasets from the nation has led to increased speculation that US Feds might opt for a rate hike in the upcoming FOMC monetary policy review. This has led to huge volatility in the DX.

Moreover, lack of

Demand for safe haven to increase ahead of central bank meetings - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.40 percent in yesterday’s trading session on the back of strong dollar and as investors remained cautious ahead of policy meetings of major central banks. Even remained careful ahead of Goods and Services tax (GST) bill. It is likely to be listed this week. However, sharp fall in rupee was prevented on

Sell EURINR Below 73.85 SL 74.10 TGT 73.68-73.45 - Kedia Commodity

NSE-CUR USDINR

Rupee appreciated for the second straight day on overseas funds inflow into local stocks and debt. Inflows into local debt amid a rebound in equities helped the local currency limit extend gains as the rupee remained weak during morning trade weakened post the outcome of the European Central Bank policy meeting. Optimism over the passage

Dollar advances on upbeat economic data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.15 percent on Friday’s trading session on the back of rise in risk appetite in the domestic markets. Benchmark stock index 50 shares Nifty Index rose by 0.37 percent to 8541.20. Further, corporate dollar sales and FII inflows into local shares supported rupee. FII’s net bought stocks worth Rs 437.

Sterling Pound is expected to trade higher - Angel Broking

US DOLLAR INDEX (USD)

In spite of the robust release of unemployment claims and existing home sales data from the nation, the American currency traded lower by 0.2 percent yesterday and closed at 97.05 levels. The weakness could be attributed to the weak corporate results from the US companies that kept the traders cautious to place any risky bets.

Euro up after ECB kept monetary policy untouched - Sharekhan

USD-INR:

The Indian Rupee appreciated marginally by 0.01 percent in yesterday’s trading session on the back of weakness in Dollar. Further, Indian Rupee tracked strength in other Asian currencies. FII inflows into local shares supported rupee. FII’s net bought stocks worth Rs 420.22 crores yesterday as per provisional data from NSE. However