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Kedia Commodities

Published on 18/10/2019 11:42:39 AM

EURINR

* EURINR trading range for the day is 78.83-79.57.

* Euro gained as dollar fell as dismal U.S. retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by Fed.

* The euro area trade surplus increased in August on falling imports, data from Eurostat revealed.

* Eurozone inflation eased more than initially estimated in September, latest data from Eurostat showed.

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Kedia Commodities

Published on 18/10/2019 11:42:20 AM

USDINR

* USDINR trading range for the day is 70.98-71.67.

* Rupee ended with gains the announcement of "Brexit deal done" helped improve risk sentiments amid extended losses in greenback.

* The dollar held near a one-month low as weak data cast a shadow on the outlook for the U.S. economy in the short term.

*India’s core consumer inflation was seen between 4% and 4.02% in September, compared with a range of 4.20%-4.25% in August.

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Angel Broking Pvt Ltd

Published on 18/10/2019 11:40:58 AM

GBP

GBP increased against USD by 0.45 percent yesterday while GBPINR depreciated by 0.13 percent.

UK secured a Brexit deal with EU on 1th Oct’19. PM Boris Johnson must now secure approval for the agreement in an extraordinary session of parliament on 19th Oct, which would pave the way for an orderly departure on Oct. 31. Meanwhile, Northern Ireland’s Democratic Unionist Party has refused to support the deal saying its not in Northern Ireland’s best interest. CPI from UK came in at 1.7 percent for Sep’19 against market expectations of 1.8 percent.

GBPINR is expected to depreciate in today’s session.

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Angel Broking Pvt Ltd

Published on 18/10/2019 11:40:39 AM

Euro

EURUSD appreciated by 0.47 percent yesterday while EURINR depreciated by 0.18 percent the same time frame.

CPI from Euro zone came in at 0.8 percent for Sep’19 against market expectations of 0.9 percent. WPI from Germany came in at - 0.4 percent for Sep’19 against market expectations of -0.2 percent. German economic sentiment came in at -22.8 for Sep’19 against market expectations of -27

EURINR is expected to depreciate in today’s session

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Angel Broking Pvt Ltd

Published on 18/10/2019 11:40:20 AM

Indian rupee

Indian Rupee appreciated by 0.32 percent yesterday while the Dollar index decreased by 0.4 percent during the same time frame. FII have bought nearly $8.29 billion in Indian equities and $4 billion in debt during the current year.

US and China reached a partial deal. In the meeting US has decided to suspend next tariff hikes on China on 250 billion of Chinese imports. In return China would purchase $40-50 billion worth of American farm products such as soybeans and Pork among others. However, China threatened retaliation if Washington enacts the Hong Kong Bill that would require an annual review of whether the city is sufficiently autonomous to justify its special trading status. US FED started purchasing T-bills worth $60 billion per month from 15th Oct’19 on a monthly basis till the second quarter of 2020. This move was induced by the US FED in order to infuse liquidity in to the money markets. Meanwhile, IMF lowered its global growth forecast from 3.2 percent in July to 3 percent

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

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Mansukh Securities & Finance Ltd

Published on 18/10/2019 10:35:32 AM

SELL USDINR 71.25 CALL AROUND .30-32 AND 71.25 PUT AROUND .24-.25 TOTAL PREMIUM RECIEVED AROUND .54-.54, TGT .45-.32-.22

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Mansukh Securities & Finance Ltd

Published on 18/10/2019 10:32:33 AM

SELL EURINR FUT BELOW 79.30 ( AVERAGE AROUND 79.52-54) SL ABOVE 79.62 TGT 79.19-79.05-78.90

Plz refer disclaimer at www.moneysukh.com

Choice International Ltd

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

Buy EURINR @ 79.38 SL 79.25 TGT 79.58

Please refer disclaimer at http://www.choiceindia.com/disclaimer.aspx

GEPL Capital

Published on 18/10/2019 10:17:19 AM

 BUY USDINR LTP 71.33 - SL 70.98 - T1 71.70 - T2 71.90

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

Tradebulls Securities (P) Ltd

Published on 18/10/2019 10:10:59 AM

(CurrencyDesk) Intraday call:-Buy USDINR at 71.32-71.31 TGT 71.45 Stoploss 71.20 (Tradebulls Research Desk)

Please refer disclaimer at https://www.tradebulls.in/Static/Disclaimer.aspx