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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.

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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

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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.

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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.

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GEPL Capital

Published on 16/07/2019 10:46:57 AM

 UPDATE : BUY GBPINR SL HIT - GIVEN AT 86.38

SEBI Registration number is INH000000081.
Please refer disclaimer at www.geplcapital.com/Disclaimer.aspx
 

Mansukh Securities & Finance Ltd

Published on 16/07/2019 10:20:39 AM

SELL USDINR FUT BELOW 68.58 ( AVERAGE AROUND 68.80-82) SL ABOVE 68.90 TGT 68.45-68.30-68.11

Plz refer disclaimer at www.moneysukh.com
 

Angel Broking Pvt Ltd

Published on 16/07/2019 9:33:53 AM

GBP

GBP decreased against USD by 0.47 percent yesterday while GBPINR appreciated by 0.48 percent.

Ireland's finance minister Paschal Donohoe, who said that the prospect of a disorderly Brexit is now a "significant risk." Also, the Labour Party leader, Jeremy Corbyn, said that the upcoming UK PM should test his Brexit plan with a second referendum. Meanwhile, BOE signals that British banks hold enough capital to cope with a no deal Brexit and global trade war simultaneously.

GBPINR is expected to appreciate in today’s session.

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

Angel Broking Pvt Ltd

Published on 16/07/2019 9:32:04 AM

Euro

EURUSD depreciated by 0.11 percent yesterday while EURINR appreciated by 0.47 percent during the same time frame.

ECB’s latest meeting accounts reminded speculative interest that the European Central Bank is also in the dovish path, as the document showed that policymakers are ready to ease further as appropriate, using all the available tools, including resuming asset repurchase program and cutting rates.

EURINR is expected to appreciate in today’s session

Click Here- https://bit.ly/2SgXVk5

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

Angel Broking Pvt Ltd

Published on 16/07/2019 9:31:14 AM

Indian rupee

Indian Rupee appreciated by 0.01 percent yesterday while the Dollar increased by 0.13 during the same time frame. Meanwhile, wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June

The testimony document showed that US policymakers consider that uncertainties since the June meeting have continued dimming the economic outlook, highlighting that trade tensions remain a critical issue. Furthermore, the Fed now thinks that there’s a risk weak inflation will be more persistent than anticipated, while, despite believing the jobs’ market remains strong, the current rise in wages, despite at healthy levels, is falling short from pushing inflation higher. Meanwhile, CPI data from US came in at 0.1 percent for June’19 against market expectations of 0 percent. GDP data from China came in line with market expectations at 6.2 percent for second quarter.

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

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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