Published on 24/01/2019 9:45:17 AM | Source: Kedia Commodity Ltd

Currency Trading Ideas 24 January 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 71.05-71.58.

* Rupee traded in range on selling by exporters amid tracking the weakness in greenback.

* IMF lowered its forecasts for global economic growth to 3.5% in 2019 and 3.6% in 2020, 0.2 and 0.1 percentage points below last October's projections.

* The Indian government is likely to seek to raise about 800 billion rupees ($11.21 billion) through the sale of state-owned assets in the next fiscal year.

* SELL USDINR 29 JAN 2019 @ 71.35 SL 71.48 TGT 71.21-71.14. NSE




* EURINR trading range for the day is 80.87-81.33.

* Euro traded with weakness as traders tried to come to terms with a range of issues from Brexit to     slowing global growth and the outlook for major central banks.

* Germany's investor confidence improved further at the start of the year to its highest level in four months, defying expectations for a weakening.

* EU very unlikely to extend article 50 without a plan for the UK Parliament to approve a deal: PM May 

* SELL EURINR 29 JAN 2019 @ 81.00 SL 81.30 TGT 80.76-80.56. NSE



* GBPINR trading range for the day is 91.89-93.47.

* GBP remained in range after strong employment  data suggested Britain’s labour market remained robust despite an economic slowdown ahead of     Brexit.

* UK PM May: does not believe there is majority for second referendum

* UK PM May says EU are very unlikely to extend Article 50 without a plan for a deal

* BUY GBPINR 29 JAN 2019 @ 92.10 SL 91.85 TGT 92.40-92.65. NSE




* JPYINR trading range for the day is 64.69-65.43.

* JPY dropped as concerns over slowing global growth and U.S.-Sino trade tensions dampened investors' appetite for riskier assets.

* BOJ: Lower fiscal 2019 forecast primarily due to lower oil price # BOJ maintains policy balance rate at -0.1%, 10-year JBG yield target at approximately 0%

* SELL JPYINR 29 JAN 2019 @ 65.00 SL 65.26 TGT 64.72-64.56. NSE


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