Published on 17/06/2019 9:01:44 AM | Source: Kedia Commodity Ltd

Technical Currency Outlook 17 June 2019 - USD, EUR, GBP, JPY by Kedia Commodity

Posted in Currency Report| #Kedia Commodity Ltd #Currency Tips

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# USDINR trading range for the day is 69.48-70.14.

# Rupee dropped on buying by natioanlised banks likely on behalf of oil importers amid overseas inflows into local stocks.

# Investors were wary about the country’s plans to impose higher tariffs on some U.S. goods, amid higher food prices in the domestic market.

# The Reserve Bank of India will conduct purchase of government securities under Open Market Operation (OMO) for 125 billion rupees on June 20, 2019, the central bank said.



# EURINR trading range for the day is 78.42-79.03.

# Euro traded in range after International Monetary Fund Managing Director Christine Lagarde warned that escalating trade tensions pose risks to the euro zone.

# EU finance ministers failed to agree in overnight talks on some of the key features of a future euro zone budget and decided to continue discussions in the coming months

# Germany's wholesale price inflation slowed in May after accelerating in April, figures from Destatis showed.



# GBPINR trading range for the day is 88.11-88.63.

# GBP remained in range after Boris Johnson won by far the most support from Conservative lawmakers in the first round of the contest to replace PM May.

# Broader market sentiment has also conclusively turned negative against the British pound in recent weeks with net speculative positions flipping towards a bearish position.

# UK house prices increased in May as the delay in Brexit helped to curb continuous fall in prices.



# JPYINR trading range for the day is 64.16-64.83.

# JPY traded in range as investors were reluctant to take large positions before next week’s Federal Reserve meeting and the G20 summit in Japan.

# The total value of core machine orders in Japan advanced a seasonally adjusted 5.2 percent on month in April, the Cabinet Office said.

# Producer prices in Japan were down 0.1 percent on month in May, the Bank of Japan.


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