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Published on 18/04/2019 9:10:34 AM | Source: Kedia Commodity Ltd

Technical Currency Outlook 18 April 2019 - USD, EUR, GBP, JPY by Kedia Commodity Ltd

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

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USDINR

* USDINR trading range for the day is 68.86-70.2.

* Rupee continued its weakness and ended with losses tracking a strong dollar amid buying by oil importers.

* Merchandise exports rose 11.02 percent to $32.55 billion in March from a year earlier, while imports were up 1.44 percent to $43.44 billion during the same period

* The Reserve Bank of India (RBI) will remain vigilant and strive to revive growth in Asia’s third-largest economy, as well as pushing to maintain macroeconomic.

 

EURINR

* EURINR trading range for the day is 78.58-79.11.

* Euro trading in range as investors focused on European manufacturing data due on Thursday for signs that growth in the region is improving.

* Germany's wholesale price inflation rose further in March, data from Destatis revealed.

* Improving European data would likely bolster risk appetite and send equities prices higher.

 

GBPINR

* GBPINR trading range for the day is 90.99-91.51.

* GBP trading in range without any significant Brexit-related developments.

* Volatility in the pound has collapsed since EU leaders and the British government last week announced Brexit would be delayed for up to six months.

* The UK economy expanded for the second straight month, but at a slower pace, in February, figures from the ONS showed.

 

JPYINR

* JPYINR trading range for the day is 62.11-62.57.

* JPY trading in range with investors erring on the side of caution as they looked for more concrete signs of stabilization in the global economy.

* BoJ Governor Kuroda says can cut interest rates further if needed, adds that there is further room for monetary easing

* Japan Economy Minister Toshimitsu Motegi just finished his first trade discussion with USTR Robert Lighthizer.

 

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