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Angel Broking Pvt Ltd

Published on 24/01/2020 10:44:36 AM

GBP

GBPUSD depreciated by 0.14 percent yesterday while GBPINR appreciated by 0.32 percent.

Markets expectations of no pull back in the interest rate the Bank of England next week provided some support.

The December election has brought some certainty for Brexit; however, the exit process still remains a puzzle. UK PM Johnson confirmed that he is confident a trade deal with the EU could be achieved before year-end.

GBPINR is expected to move higher in today’s session.

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Angel Broking Pvt Ltd

Published on 24/01/2020 10:44:25 AM

Euro

EURUSD depreciated by 0.35 percent yesterday while EURINR appreciated by 0.04 percent the same time frame.

The European Central Bank kept its monetary policy unchanged and stated that the overall situation justifies the negative interest rate environment. Even ECB’s aggressive stimulus measures couldn’t help them achieve their inflation target.

The latest signs of improvement may fall short of confirming a bottom, but for sure are encouraging. German CPI came in line with market expectations at 0.5 percent for Dec’19. German economic sentiment came in at 26.7 for Dec’19 against market expectations of 15.

EURINR is expected to move sideways in today’s session.

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Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 24/01/2020 10:44:13 AM

Indian rupee

Indian Rupee depreciated by 0.45 percent yesterday AS the Dollar index rose by 0.17 percent during the same time frame. In January 2020 so far the foreign investors have sold about $1.58 billion in debt. The funds flow coupled with the month end Dollar demand led to the depreciation in the Rupee IMF slashed India’s growth forecast by 1.3 percentage points to 4.8% for 2019-20, prompting the agency to also trim its global growth estimates as a result.

CPI data from US came in line with market expectations at 0.2 percent for Dec’19. Core retail sales data from US came in at 0.7 percent for Dec’19 against market expectations of 0.5 percent. Markets wait for the first U.S. Federal Reserve’s meeting in 2020 which is scheduled for 28th -29th January’20.

USDINR is expected to move higher in today’s session

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SEBI Registration number is INH000000164
 

Angel Broking Pvt Ltd

Published on 23/01/2020 9:56:14 AM

GBP

GBP increased against USD by 0.71 percent last week while GBPINR depreciated by 0.57 percent.

As expected, the unemployment rate remained steady at 3.8% in the three months to November, although average hourly earnings in the same period beat the market’s expectations by printing 3.2%. UK PM Johnson confirmed that he is confident a trade deal with the EU could be achieved before year-end. The House of Lords finally approved the Brexit bill yesterday.

GBPINR is expected to depreciate in today’s session.

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 Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 23/01/2020 9:56:05 AM

Euro

EURUSD depreciated by 0.08 percent yesterday while EURINR appreciated by 0.16 percent the same time frame.

The European Central Bank is largely expected to maintain its monetary policy unchanged. The latest signs of improvement may fall short of confirming a bottom, but for sure are encouraging. German CPI came in line with market expectations at 0.5 percent for Dec’19. German economic sentiment came in at 26.7 for Dec’19 against market expectations of 15.

EURINR is expected to move sideways in today’s session.

Click Here- https://bit.ly/2vfrxH7

 Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 23/01/2020 9:55:52 AM

Indian rupee

Indian Rupee appreciated by 0.13 percent yesterday while the Dollar index remained flat during the same time frame. Year to date, foreign investors have bought nearly $1.7 billion in Indian equities and sold $1.56 billion in debt. IMF slashed India’s growth forecast by 1.3 percentage points to 4.8% for 2019-20, prompting the agency to also trim its global growth estimates as a result.

CPI data from US came in line with market expectations at 0.2 percent for Dec’19. Core retail sales data from US came in at 0.7 percent for Dec’19 against market expectations of 0.5 percent. President Donald Trump blasted the Federal Reserve for raising interest rates in 2017 and 2018 and accused it of hindering the US economy at the World Economic Forum in Davos. Also, Trump has repeatedly criticized Fed Chair Jerome Powell for hampering the US economy and stock market by cutting rates too slowly.

USDINR is expected to move sideways in today’s session.

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 Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164
 

Angel Broking Pvt Ltd

Published on 22/01/2020 10:57:51 AM

GBP

GBP increased against USD by 0.29 percent last week while GBPINR depreciated by 0.49 percent.

GDP data from UK came in at -0.3 percent against market expectations of 0 percent. As expected, the unemployment rate remained steady at 3.8% in the three months to November, although average hourly earnings in the same period beat the market’s expectations by printing 3.2%.

GBPINR is expected to depreciate in today’s session.

Click Here- https://bit.ly/37gBDW5

Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 22/01/2020 10:57:29 AM

Euro

EURUSD depreciated by 0.11 percent yesterday while EURINR depreciated by 0.37 percent the same time frame.

The European Central Bank struck a more optimistic tone in its first monetary policy meeting with Christine Lagarde as president, noting signs of economic stabilisation in the Eurozone and an uptick in investor sentiment. German WPI came in at 0 percent against market expectations of 0.2 percent for Dec’19. German CPI came in line with market expectations at 0.5 percent for Dec’19. German economic sentiment came in at 26.7 for Dec’19 against market expectations of 15.

EURINR is expected to depreciate in today’s session.

Click Here- https://bit.ly/37gBDW5

Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 22/01/2020 10:40:40 AM

Indian rupee

Indian Rupee depreciated by 0.18 percent yesterday while the Dollar index declined by 0.08 percent during the same time frame. Year to date, foreign investors have bought nearly $1.7 billion in Indian equities and sold $1.56 billion in debt. The IMF on Monday slashed India’s growth forecast by 1.3 percentage points to 4.8% for 2019-20, prompting the agency to also trim its global growth estimates as a result.

CPI data from US came in line with market expectations at 0.2 percent for Dec’19. Core retail sales data from US came in at 0.7 percent for Dec’19 against market expectations of 0.5 percent. President Donald Trump on Wednesday signed an initial trade deal with senior Chinese leaders that include pledges from Beijing to more than double its purchases from American farmers in the first year. Under the agreement, China has promised to buy an additional $12.5 billion in US agricultural products in year one, and then $19.5 billion in year two.

USDINR is expected to move sideways in today’s session.

Click Here- https://bit.ly/37gBDW5

Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 21/01/2020 9:36:10 AM

GBP

GBP increased against USD by 0.09 percent last week while GBPINR depreciated by 0.12 percent.

GDP data from UK came in at -0.3 percent against market expectations of 0 percent. While the Pound is having a hard time to attract investors amid persistent Brexit uncertainty and chances of an upcoming rate cut from the BOE, Central Bank’s decision will be announced on Jan. 30, when officials will publish fresh forecasts on growth and inflation.

GBPINR is expected to move sideways in today’s session.

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Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf