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Kedia Commodities

Published on 6/12/2019 9:23:29 AM

JPYINR

# JPYINR trading range for the day is 65.43-66.18.

# JPY dropped as dollar seen supported as optimism about a possible trade deal between China and the US returned.

#  Japanese Prime Minister Shinzo Abe says that the fiscal package has been completed which includes a $13 trillion Yen in stimulus measures

# Bank of Japan board member Yutaka Harada said the central bank should continue its current monetary stimulus in order for prices

Kedia Commodities

Published on 6/12/2019 9:22:33 AM

GBPINR

# GBPINR trading range for the day is 93.57-94.32.

# GBP gained as expectations that Prime Minister Boris Johnson would win a majority at next week's election firmed.

#  Official figures have shown that Britain's economy is growing at the weakest annual pace since 2010, and industry leaders see little or no improvement in 2020

# The UK service sector contracted the most in eight months in November but the pace of decline was slower than initially estimated

Kedia Commodities

Published on 6/12/2019 9:21:43 AM

EURINR

# EURINR trading range for the day is 79.03-79.75.

# Euro dropped as dollar found support as upbeat trade comments from U.S. President Donald Trump cheered the market.

# The flight to safety seen reversed after Trump said trade talks with China were going “very well”

# Spain's service sector expanded at a faster pace in November amid rising new business, survey data from IHS Markit showed.

Kedia Commodities

Published on 6/12/2019 9:20:53 AM

USDINR

#  USDINR trading range for the day is 71.15-71.94.

# Rupee ended with gains on selling by exporters as the Reserve Bank of India in its policy hinted of rate cut in the coming months.

# RBI kept its key lending rate on hold in a surprise decision, despite a worrying slowdown in the country

# The RBI reiterated that it would maintain an accommodative stance as long as it is necessary to revive economic growth which slowed to 4.5% in the September quarter

Kedia Commodities

Published on 5/12/2019 8:56:36 AM

JPYINR

# JPYINR trading range for the day is 65.75-66.57

.# JPY remained in range after U.S. President Donald Trump warned a trade deal with China might not come until after the 2020 U.S. presidential election.

# BOJ Governor Kuroda said the central bank's ultra-loose monetary policy is aimed at hitting its inflation target, rather than funding government spending

# The services sector in Japan moved back into expansion in November, albeit barely, the latest survey showed.

Kedia Commodities

Published on 5/12/2019 8:56:03 AM

GBPINR

# GBPINR trading range for the day is 93.08-94.02.

# GBP gained buoyed by growing hopes for a victory by the ruling Conservative Party in the coming snap election set for Dec.12.

# Latest opinion polls showed that the ruling Conservatives by are enjoying a strong lead by 12% over Labour Party

# The UK construction sector continued to contract in November, albeit at a slower pace, as new work weakened amid domestic political uncertainty

Kedia Commodities

Published on 5/12/2019 8:55:34 AM

EURINR

# EURINR trading range for the day is 79.19-79.92.

# Euro dropped as uncertainty about the progress of trade talks between the United States and China fuelled demand for the greenback.

# Eurozone producer prices declined at the fastest pace in more than three years in October, data from Eurostat showed.

# Spain's unemployment increased in November, data from the Ministry of Labor, Migration and Social Security showed.

Kedia Commodities

Published on 5/12/2019 8:55:00 AM

USDINR

# USDINR trading range for the day is 71.48-72.07.

# Rupee gained as dollar seen under pressure as markets remained jittery about the progress of Sino-U.S. trade talks

# India's services sector activity recovered in November amid a rise in new business intakes and job creation, survey results from IHS Markit showed.

# India's manufacturing sector grew further in November but the upturn remained subdued compared to early 2009, survey results from IHS Markit showed.

Kedia Commodities

Published on 4/12/2019 2:05:49 PM

KEDIA: RATIO CALL: ONCE BOOK AND EXIT LONG FROM GBPINR/USDINR AT 130.33, PROFIT RS 580
(GBPINR: 93.63 AND USDINR 71.84)

 

Kedia Commodities

Published on 4/12/2019 10:16:02 AM

JPYINR

#  JPYINR trading range for the day is 65.6-66.44.

#  JPY remained supported on concern about weak U.S. manufacturing data and signs of new fronts in the U.S. trade war.

# Japanese government considering 25 trillion yen economic stimulus package

#  BoJ Kuroda: Rates Cannot Be Lowered Endlessly