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Angel Broking Pvt Ltd

Published on 21/11/2019 10:23:18 AM

GBP

GBP remained flat against USD yesterday whereas GBPINR appreciated by 0.11 percent.

UK’s Conservative leader and Prime Minister Boris Johnson and opposition Labour leader, Jeremy Corbyn, went head-to-head in their first live television debate on Tuesday evening as campaigning for the country's December general election heated up. The two men traded blows on topics that included Brexit, the future of the United Kingdom itself and the National Health Service (NHS).

GBPINR is expected to depreciate in today’s session.

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Angel Broking Pvt Ltd

Published on 21/11/2019 10:23:06 AM

Euro

EURUSD depreciated by 0.05 percent yesterday while EURINR appreciated by 0.23 percent during the same time frame.

Christine Lagarde has taken the helm of the European Central Bank at a time of rising scepticism over the power of monetary policy. Many believe that ECB will now be just a helpless by stander but there is plenty more the ECB can do, from further rate cuts to more flexible asset purchases. In September, ECB cut the deposit rate to - 0.5% and restarted net asset purchases.

EURINR is expected to depreciate in today’s session.

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Angel Broking Pvt Ltd

Published on 21/11/2019 10:22:52 AM

Indian rupee

Indian Rupee appreciated by 0.11 percent yesterday while the Dollar index increased by 0.08 percent during the same time frame. Inflation numbers tracked by the CPI in India showed consumer prices leaped by 4.62 percent in October’19 (YoY), higher than September’19 gains of about 4 percent.

On the trade war front, US President Donald Trump said that he would "just raise tariffs" if the US does not strike a deal with China. He added that "China is going to have to make a deal." According to the minutes from the FOMC October 29-30 monetary policy meeting, most policymakers said the rate cut was appropriate while noting that it was warranted due to global weakness. At that meeting, the Fed cut the target of the federal fund rate range by 25 basis points to 1.5%- 1.75%.

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

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Angel Broking Pvt Ltd

Published on 20/11/2019 10:27:46 AM

GBP

GBP remained flat against USD yesterday whereas GBPINR appreciated by 0.4 percent.

UK’s Conservative leader and Prime Minister Boris Johnson and opposition Labour leader, Jeremy Corbyn, went head-to-head in their first live television debate on Tuesday evening as campaigning for the country's December general election heated up. The two men traded blows on topics that included Brexit, the future of the United Kingdom itself and the National Health Service (NHS).

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

Click Here - https://bit.ly/2OsoaCz

Please refer disclaimer at http://www.angelsecurities.in/disclaimer.aspx

Angel Broking Pvt Ltd

Published on 20/11/2019 10:27:13 AM

Euro

EURUSD appreciated by 0.07 percent yesterday while EURINR appreciated by 0.15 percent during the same time frame.

Christine Lagarde has taken the helm of the European Central Bank at a time of rising scepticism over the power of monetary policy. Many believe that ECB will now be just a helpless by stander but there is plenty more the ECB can do, from further rate cuts to more flexible asset purchases. In September, ECB cut the deposit rate to - 0.5% and restarted net asset purchases.

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

Click Here - https://bit.ly/2OsoaCz

Please refer disclaimer at http://www.angelsecurities.in/disclaimer.aspx

Angel Broking Pvt Ltd

Published on 20/11/2019 10:25:39 AM

Indian rupee

Indian Rupee appreciated by 0.17 percent yesterday while the Dollar index increased by 0.06 percent during the same time frame. Inflation numbers tracked by the CPI in India showed consumer prices leaped by 4.62 percent in October’19 (YoY), higher than September’19 gains of about 4 percent.

On the trade war front, US President Donald Trump said that he would "just raise tariffs" if the US does not strike a deal with China. He added that "China is going to have to make a deal." US housing sector showed signs of improvement in October, as Housing Starts expanded 3.8% versus 0.6% expected, and Building Permits surpassed estimates expanding 5.0%. Markets will keenly await for the U.S. Federal Reserve’s minutes due on Wednesday for hints on their further approach.

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

Click Here - https://bit.ly/2OsoaCz

Please refer disclaimer at http://www.angelsecurities.in/disclaimer.aspx

Angel Broking Pvt Ltd

Published on 19/11/2019 10:41:01 AM

GBP

On Monday, GBP increased against USD by 0.41 percent whereas GBPINR appreciated by 0.83 percent. The uptrend in the prices was witnessed reflecting the increasing odds of Tory’s leadership.

However, the gains were capped as rising uncertainties around the U.S. & China trade spat amid Russian meddling in the British politics weighed on the market sentiments.

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

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Angel Broking Pvt Ltd

Published on 19/11/2019 10:40:44 AM

Euro

On Monday, EURUSD appreciated by 0.18 percent while EURINR appreciated by 0.75 percent. Better than expected Eurozone supported the prices. Eurozone’s core and headlined CPI were in line with their expectation showing a steady growth in their economy.

Markets will have a keen watch on the German manufacturing PMI and ECB monetary policy meeting minutes.

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

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Angel Broking Pvt Ltd

Published on 19/11/2019 10:40:25 AM

Indian rupee

On Monday, Indian Rupee depreciated by 0.42 percent closing at 71.94 while the Dollar index decreased by 0.21 percent during the same time frame. Inflation numbers tracked by the CPI in India showed consumer prices leaped by 4.62 percent in October’19 (YoY), higher than September’19 gains of about 4 percent.

President Donald Trump reluctant to revoke the tariffs on Chinese goods signalled towards a hint of tension persisting between the super power nations. The prolonged trade and tariff tension has fanned recessionary fears which weighed on the Dollar.

Markets will keenly await for the U.S. Federal Reserve’s minutes due on Wednesday for hints on their further approach.

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

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Angel Broking Pvt Ltd

Published on 18/11/2019 10:50:37 AM

GBP

GBP increased against USD by 0.85 percent last week while GBPINR depreciated by 1.51 percent. CPI from UK came in at 1.5 percent for Oct’19 against market expectations of 1.6 percent. According to the official data, UK Retail Sales fell by 0.1% MoM in October and increased by 3.1% yearly basis, both missing the market’s expectations. Meanwhile, the Bank of England Governor Mark Carney, voted to keep the rate at 0.75%, they signalled that a further deterioration could see more policy makers support easing.In the coming week, movement in GBPINR will be driven by updates on UK elections

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

Click Here - https://bit.ly/2Kz4onU

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