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Choice International Ltd

Published on 17/07/2019 10:39:22 AM


Technical View:

* JPYINR has closed slightly positive on last trading session and closed with gain of 0.12%.

* On an hourly timeframe, pair has traded above 21*50 days SMA, which is another significance for bullish move in the prices of the pair. Moreover, price has given a positive breakout to upper Bollinger band, which is a another signal for bullish market.

* In additions, a momentum indicator RSI (14) has shifted above 50 and another indicator CCI(14) has also shifted on the positive zone.

* So based on the above analysis, we expect bullish move in JPYINR towards 63.90 level.

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Choice International Ltd

Published on 17/07/2019 10:39:03 AM


Technical View:

* On an hourly chart, USDINR has gained with 0.25% in last trading session.

* Moreover, price has pulled back from Bollinger band median given a positive breakout from upper Bollinger band.

* Moreover, pair has shifted above 21*50days SMA, which adds more strength for bullish trend in upcoming session.

* In addition, momentum indicator RSI(14) has sustained near 60.5 and another indicator Commodity Channel Index is at positive zone, which further witnessed bullish move in the price.

* So based on the above structure, we expect up side move towards 69.00 in USDINR for the day.

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HDFC Securities

Published on 17/07/2019 10:35:58 AM



* USDINR July futures formed bullish candle after inside bar indicating bulls having upper hand.

* However, the trend is still bearish amid lower highs and lows formation.

* The pair has been trading well below short term moving averages. Momentum indicators are showing sign of positivity indicating near term short covering.

* Near term resistance is placed at 69.10 and support at 68.30.

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HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475.

Tradebulls Securities (P) Ltd

Published on 17/07/2019 10:26:01 AM

(CurrencyDesk) Intraday call:- Buy GBPUSD at 1.2434-1.2432 TGT 1.2455 Stoploss 1.2410(Tradebulls Research Desk)

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GEPL Capital

Published on 17/07/2019 10:25:37 AM

 BUY USDINR LTP 68.90 - SL 68.55 - T1 69.30 - T2 69.50

SEBI Registration number is INH000000081.
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Kedia Commodities

Published on 17/07/2019 10:03:15 AM


* JPYINR trading range for the day is 63.45-64.05.

* JPY remained in range as the dollar edged higher with its potential upside limited by expectations the Federal Reserve will cut interest rates at next week’s policy meeting.

* Investors expect the Fed to reduce its key rate by 25 basis points and make another cut in September.

* Japan's industrial production grew at a less-than-initially-estimated rate in May, final data from the Ministry of Economy, Trade and Industry showed.

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Kedia Commodities

Published on 17/07/2019 10:03:02 AM


* GBPINR trading range for the day is 85.11-86.42.

* GBP remained under pressure hampered by persistent worries over Brexit.

* Poor economic data and signals from the Bank of England that it could cut interest rates instead of raising them as previously expected have also hit the pound.

* UK house prices declined for the first time this year in July, reports said citing data from property website Rightmove.

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Kedia Commodities

Published on 17/07/2019 10:02:32 AM


* EURINR trading range for the day is 77.2-77.54.

* Euro remained in range constrained by expectations for a dovish European Central Bank meeting next week.

* Investors are more bearish on the euro, since U.S. Treasury yields look set to remain among the highest in developed markets despite future Fed rate cuts.

* 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

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Kedia Commodities

Published on 17/07/2019 10:02:18 AM


* USDINR trading range for the day is 68.52-68.98.

* 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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Angel Broking Pvt Ltd

Published on 17/07/2019 9:48:35 AM


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

BOE signals that British banks hold enough capital to cope with a no deal Brexit and global trade war simultaneously. Meanwhile, PM candidates Boris Johnson and Jeremy Hunt, both said that the Irish backstop is “dead” adding that they will take it away from any future negotiation with the EU. European politicians have repeatedly said that they won’t renegotiate the withdrawal deal, hence, fears of a hard-Brexit increased.

GBPINR is expected to appreciate in today’s session

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