Pound to remain weak on downbeat economic data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.15 percent in yesterday’s trading session on rise in risk appetite in the domestic markets and weakness in dollar. Local markets gained for consecutive six sessions. Benchmark stock index 50 share Nifty Index increased by 0.51 percent to 8370.7. Further, optimism that the government moves to implement w

Euro is expected to trade lower - Angel Broking Pvt Ltd

Euro

Weekly Price Performance

• The Euro currency traded higher by 0.2 percent in last week’s trading session due to optimistic comments by some of the member nations of Euro-zone in the recent EU summit.

• Important authorities from some member nations of Euro-zone stated that in sp

Sell NSE USDINR July between 67.80 – 67.90, Stoploss- 68.20, Target – 67.20 / 67.00 - Angel Broking Pvt Ltd

NSE USDINR

NSE USDINR July as seen in the weekly chart above has opened the week with gap up at 68.40 levels and at the starting of the week it made a weekly high of 68.43 levels. Later on prices could not able to sustain on higher levels and corrected sharply towards weekly low of 67.58 levels. This week prices have closed below the previous week&rsqu

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

US DOLLAR INDEX (USD)

Last week’s trading session for the American currency was pretty volatile owing to mixed events. It rose by 0.1 percent in the last week. Economic data releases such as the GDP, consumer and manufacturing data from the nation came on a good note. This calmed the jittery markets which shredded around $3 trillion in value post

Pound near 31 year low against dollar - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.29 percent on Friday’s trading session on rise in risk appetite in the domestic markets and weakness in dollar. Indian Manufacturing PMI rose to 51.7 in June from 50.7 in May. Indian Rupee tracked strength in other Asian currencies. Benchmark stock index 50 share Nifty Index increased by 0.49 percent to

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

US DOLLAR INDEX (USD)

The American currency traded higher by 0.4 percent in yesterday’s trading session as Bank of England governor Mark Carney sent strong hints that the Bank could ease monetary policy later this summer.

However, sharp upside was restricted after Federal Reserve Bank of St. Louis President James Bullard reemphasized o

Pound Plunges after BOE Governor Carney statement - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.24 percent in yesterday’s trading session on rise in risk appetite in the domestic markets. Benchmark stock index 50 share Nifty Index increased by 1.02 percent to 8287.75. FII’s net bought stocks worth Rs 1107.42 crores yesterday as per provisional data from NSE. Further, optimism that the govern

EUR/USD is finding resistance around the expected zone of 1.1120/1.1140 levels - Kotak Sec

USD/INR

Yesterday Rupee gained further, which was not surprising as we had been expecting a lull to return after a post Brexit panic. We had been recommending exporters to utilise the rally in USD as an opportunity to hedge their exposure. Indian Rupee continues to track CNH and that too has cooled off a percent over yesterday. Over the near term, oppo

Dollar plunges on downbeat economic data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.40 percent in yesterday’s trading session on weakness in dollar and rise in risk appetite in the domestic markets. Benchmark stock index 50 share Nifty Index increased by 0.94 percent to 8204. FII’s net bought stocks worth Rs 102.91 crores yesterday as per provisional data from NSE. Further, dollar

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The American currency traded lower by 0.5 percent in yesterday’s trading session owing to the disappointing release of pending home sales and personal spending data from the nation.

Moreover, recent strength in the currency prompted the traders to book profits. Robust release of GDP data and consumer confidence da

USD/JPY has bounced from a very strong support zone between 100/101.00 - Kotak Sec

USD/INR

Yesterday Rupee initially had gained on the back bids under Asian currencies but demand from state run banks pushed it back towards 67.95 by close. Interestingly CNH has recovered from morning lows, probably due to central bank intervention, which can have a soothing effect on the Rupee. Interestingly the 12 month curve in NDF has flipped to a

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

US DOLLAR INDEX (USD)

In spite of the robust release of GDP data and consumer confidence data from the nation, the American currency traded lower by 0.4 percent in yesterday’s trading session. The reason for this could be attributed to the recent strength in the currency that prompted the traders to book profits.

Moreover, the robust re

Pound and Euro bounced back as the risk aversion in the markets eased slightly - Sharekhan

USD-INR:

The Indian Rupee depreciated marginally by 0.01 percent in yesterday’s trading session on dollar demand from oil importers. Further, Market sentiments remained fragile after Britain voted to leave European Union. European Union Lawmakers said UK should act quickly to resolve the political and economic confusion. However, sharp downside

USD-INR: Scaling higher -Sharekhan

USD-INR: Scaling higher

USDINR crossed the all-time high of Rs68.80 and 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 these supports and started r

Pound near 31 year low on Brexit vote - Sharekhan

USD-INR:

The Indian Rupee appreciated marginally by 0.04 percent in yesterday’s trading session on dollar selling by some public sector banks. However, sharp gain was prevented on the back of strong dollar and rise in risk aversion in the global markets. Market sentiments are hit as Britain voted to leave European Union. Benchmark stock index 50

Rupee is likely to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The American currency saw a rise of 1.2 percent in yesterday’s trading session as Investors parked their funds in safe-haven DX after Britain voted to leave the European Union in the recent EU Referendum.

Markets in the last week traded in a volatile manner as investors kept speculating whether or not Britain will

Buy NSE USDINR July between 67.90 – 67.80, StopLoss- 67.40, Target – 68.70 / 68.80 - Angel Broking Pvt Ltd

NSE USDINR

NSE USDINR July as seen in the weekly chart above has opened the week with gap down at 68.0850 levels and at starting of a week it made a weekly low of 67.59 levels. Later on prices could not able to sustain on lower levels and rallied sharply towards weekly high 68.5950 levels. This week prices have closed above the previous week’s cl

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

US DOLLAR INDEX (USD)

Markets in the last week traded in a volatile manner as investors kept speculating whether or not Britain will leave EU. All the polls and initial vote count showed a major lead in ‘remain’ camp. However, the tables turned on Friday when the ‘Leave’ camp won by 51.9 percent. This prompted the traders to pla

Sell GBPINR July Below 95.10 Stoploss Above 97.80 Target 91.40-88.80 - Kedia

GBP dropped with hitting a 31-year low in its biggest fall on record after Britons voted to leave the European Union. The British currency's fall of almost 10 percent was also historic, marking a decline greater than anything seen since free-floating system of exchange rates was introduced in the early 1970s. It was even bigger than on 'Black Wednesday' in 1992, when billionaire fin

Euro is expected to trade lower today lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

Markets have been trading in a volatile manner since the last 3-4 days owing to the looming concerns over EU Referendum which has spread across the markets. Yesterday the US Dollar slumped by 0.2 percent as markets rejoiced the lead for "Remain" campaign in the polls that were held prior to voting.

However the

Rupee to open weak on risk aversion in global markets - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.33 percent in yesterday’s trading session on the back of weakness in dollar and rise in risk appetite in the global markets. Market sentiments improved after opinion polls released indicated that support to remain in EU had regained lead. Further, central bank said that they are keeping watch on develop

Sterling Pound is expected to trade sideways today - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The American currency traded lower by 0.3 percent yesterday as markets are discounting the recent two-day semiannual monetary policy testimony made by the US Fed Chairwoman Janet Yellen. She cautioned the markets that a possible ‘Brexit’ could leave the Euro-zone’s economy in trotters.

Moreover, one of

Pound hits 6 month high on hopes that Britain will remain in EU - Sharekhan

USD-INR:

The Indian Rupee appreciated marginally by 0.03 percent in yesterday’s trading session on the back of weakness in dollar. Further, central bank said that they are keeping watch on development over Britain’s EU referendum and assured that it will take all necessary steps including liquidity support. However, sharp gain was prevente

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The American currency traded higher by 0.4 percent yesterday as looming concern over EU Referendum that is to be held tomorrow has prompted the traders to place bets in safe-haven assets. Due to this, the US Dollar rose versus its peers.

In yesterday’s testimony US Fed Chairwoman cautioned the markets that a possible Brexit

Worries over Brexit led to selloff in pound and euro - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.27 percent in yesterday’s trading session on the back of strong dollar and rise in risk aversion in the domestic market. Benchmark stock index 50 share Nifty Index decreased by 0.23 percent to 8219.9. Further, market remained cautious ahead of US Federal Reserve Chair Yellen speech to get hints on futur