MENU
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer

Kedia Commodities

Published on 16/07/2019 10:55:57 AM

JPYINR

* JPYINR trading range for the day is 63.51-63.86

* JPY traded in range as the U.S. dollar extended losses on continued Fed-driven momentum.

* Japan's industrial production grew at a less-than-initially-estimated rate in May, final data showed.

* Japan's tertiary activity declined in May after rebounding in the previous month, data from the Ministry of Economy, Trade and Industry showed.

Click Here- https://bit.ly/2JzFunN

Kedia Commodities

Published on 16/07/2019 10:55:38 AM

GBPINR

* GBPINR trading range for the day is 86.06-86.53.

* GBP remained in range as investors remained wary about the British currency's outlook on growing economic headwinds and political fears.

* UK banks are resilient to a worst-case disorderly Brexit, but such an event will cause significant market volatility, the Bank of England said

* Hedge funds had ramped up their short bets against the pound to their highest levels since October 2018

Click Here- https://bit.ly/2JzFunN

Kedia Commodities

Published on 16/07/2019 10:55:14 AM

EURINR

* EURINR trading range for the day is 77.4-77.65.

* Euro remained supported as dollar edged lower as stronger-than-expected U.S. inflation data failed to shake convictions that Fed will start cutting interest rates.

* Policymakers at the ECB agreed that they needed to be ready to ease the policy stance further, as uncertainties were likely to continue in the coming months

*  Germany's wholesale price inflation eased to the lowest since late 2016 in June, data from Destatis revealed.

Click Here- https://bit.ly/2JzFunN

Kedia Commodities

Published on 16/07/2019 10:54:52 AM

USDINR

* USDINR trading range for the day is 68.53-68.75

* Rupee ended with losses on buying by nationalised banks likely on behalf of oil importers amid FII outflows from local stocks.

* The greenback steadied after stronger-than-expected and yet tame US inflation data tempered the prospect of an aggressive Fed interest rate cut this year.

*  India’s dominant services activity contracted for the first time in more than a year in June, dragged down by slowing new business growth.

Click Here- https://bit.ly/2JzFunN

Kedia Commodities

Published on 16/07/2019 8:47:44 AM

KEDIA: CURRENCY LEVEL :

USDINR: R: 68.70 - 68.75 - 68.81 S: 68.59 - 68.53 - 68.48

EURINR: R: 77.59 - 77.65 - 77.71 S: 77.46 - 77.40 - 77.34

GBPINR: R: 86.38 - 86.53 - 86.62 S: 86.15 - 86.06 - 85.91

JPYINR: R: 63.79 - 63.86 - 63.97 S: 63.62 - 63.51 - 63.44

Kedia Commodities

Published on 16/07/2019 8:47:19 AM

KEDIA: USDINR SPOT LEVEL : R: 68.59 - 68.64 - 68.69 S: 68.49 - 68.45 - 68.39

Kedia Commodities

Published on 15/07/2019 9:55:19 AM

JPYINR

* JPYINR trading range for the day is 63.18-63.83

* JPY traded in range as the U.S. dollar extended losses on continued Fed-driven momentum.

* Japan's industrial production grew at a less-than-initially-estimated rate in May, final data showed.

* Japan's tertiary activity declined in May after rebounding in the previous month, data from the Ministry of Economy, Trade and Industry showed.

Click Here- https://bit.ly/2NVy8PG

Kedia Commodities

Published on 15/07/2019 9:55:04 AM

GBPINR

* BPINR trading range for the day is 85.95-86.48.

* GBP remained in range as investors remained wary about the British currency's outlook on growing economic headwinds and political fears.

* UK banks are resilient to a worst-case disorderly Brexit, but such an event will cause significant market volatility, the Bank of England said

* Hedge funds had ramped up their short bets against the pound to their highest levels since October 2018.

Click Here- https://bit.ly/2NVy8PG

Kedia Commodities

Published on 15/07/2019 9:54:51 AM

EURINR

* EURINR trading range for the day is 77.29-77.7.

* Euro remained supported as dollar edged lower as stronger-than-expected U.S. inflation data failed to shake convictions that Fed will start cutting interest rates.

* Policymakers at the ECB agreed that they needed to be ready to ease the policy stance further, as uncertainties were likely to continue in the coming months

* Germany's wholesale price inflation eased to the lowest since late 2016 in June, data from Destatis revealed

Click Here- https://bit.ly/2NVy8PG

Kedia Commodities

Published on 15/07/2019 9:54:37 AM

USDINR

* USDINR trading range for the day is 68.43-68.97

* Rupee ended with losses on buying by nationalised banks likely on behalf of oil importers amid FII outflows from local stocks.

* The greenback steadied after stronger-than-expected and yet tame US inflation data tempered the prospect of an aggressive Fed interest rate cut this year.

* India’s dominant services activity contracted for the first time in more than a year in June, dragged down by slowing new business growth.

Click Here- https://bit.ly/2NVy8PG