MENU
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer

Choice International Ltd

Published on 12/12/2019 11:39:27 AM

JPYINR

Technical View:

* During it’s previous session JPYINR faced pressure and closed on a negative note by 0.19%

* Also, the pair has sustained below its Ichimoku Cloud which indicatesthat the bears are in control.

* Furthermore, the price has remained below its 20*50 EMA which is weak for the counter.

* Additionally, momentum indicator Stochastic (6) has been moving in a negative crossover which indicates bearishness in the counter.

* So based on the above technical structure, we expect bearish move in JPYINR towards 65.22 level.

Click Here- https://bit.ly/2RGOxb0

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

Choice International Ltd

Published on 12/12/2019 11:39:06 AM

USDINR

Technical View:

* The USDINR closed on a flat note during the last trading session.

* But, the price has been trading below its Ichimoku Cloud which signifies bearish presence in the counter.

* Moreover, the price has been trading below its Parabolic SAR which indicates power to the bears.

* Additionally, momentum indicator MACD has been moving in a negative crossover, which indicates that the bears are in control.

* Hence, we expect sideways to bearish move in USDINR future towards 70.87 level.

Click Here- https://bit.ly/2RGOxb0

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

Angel Broking Pvt Ltd

Published on 12/12/2019 11:28:40 AM

GBP

GBP increased against USD by 0.3 percent yesterday while GBPINR depreciated by 0.16 percent.

UK braces for critical election called to break Brexit deadlock today on 12th Dec’19. Boris Johnson has promised a right-wing Conservative government would "get Brexit done" and take the UK out of the EU by the end of January 2020 with his withdrawal agreement. Meanwhile, Corbyn has said he would broker a softer divorce deal than Johnson's and put a revised withdrawal agreement to a referendum, alongside the option to remain, within six months.

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

Click Here- https://bit.ly/2PBAm4D

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

Angel Broking Pvt Ltd

Published on 12/12/2019 11:28:24 AM

Euro

EURUSD appreciated by 0.32 percent yesterday while EURINR appreciated by 0.1 percent the same time frame.

ECB will be holding their monetary policy meeting on 12th Dec’19. Meanwhile, the shared currency got a modest boost from the German ZEW survey, which beat expectations, as the country’s Economic Sentiment jumped to 10.7 in December, while for the whole Union was up to 11.2, both largely surpassing the market’s expectations.

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

Click Here- https://bit.ly/2PBAm4D

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

Angel Broking Pvt Ltd

Published on 12/12/2019 11:28:10 AM

Indian rupee

Indian Rupee appreciated by 0.14 percent yesterday while the Dollar index remained flat during the same time frame.

On the trade war front, U.S. and Chinese trade negotiators are laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15, officials on both sides said, as they haggle over how to get Beijing to commit to massive purchases of U.S. farm products on which President Trump is insisting for a near-term deal. The US FED, announced its latest monetary policy decision, and as expected, policymakers kept rates on hold. The FOMC funds rate was left at 1.50%-1.75. The accompanying statement showed that policymakers would continue to monitor data for the economic outlook “including global developments and muted inflation pressures.

USDINR is expected to appreciate in today’s session.

 Click Here- https://bit.ly/2PBAm4D

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

HDFC Securities

Published on 12/12/2019 11:21:42 AM

USDINR DECEMBER FUT. : HDFC Securities

* USDINR December futures formed Doji candlestick pattern indicating indecisiveness among traders near previous bottom. However, the trend remains bearish with view of sell on bounce.

* Momentum oscillator, RSI continued downward spree and about to enter oversold zone.

* Now, the crucial support seen in the range of 70.50 while resistance at 71.50.

For Complete Report And Disclaimer Click Here- https://bit.ly/2PB4xst

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

 

Kedia Commodities

Published on 12/12/2019 11:17:40 AM

JPYINR

* JPYINR trading range for the day is 65.19-65.62.

* JPY continues its weak trend ahead of central bank meetings and a looming tariff deadline later this week.

* Japan's current account surplus stood at 1.82 trillion yen ($16.76 billion) in October, Ministry of Finance data showed

* Japan's Economy Minister Yasutoshi Nishimura: See Japan's economy as gradually recovering, consumption drop not as large as after last tax hike

Click Here- https://bit.ly/34eUfDL

Kedia Commodities

Published on 12/12/2019 11:17:16 AM

GBPINR

* GBPINR trading range for the day is 92.93-93.74.

* GBP dropped as weak economic growth data and kept an eye on the final days of campaigning before Britain's general election.

* Industrial output fell by 0.7% in the three months to October and the services sector grew by 0.2%, its weakest increase since June, the data showed.

* Prime Minister Boris Johnson's Conservative Party has vowed to take Britain out of the European Union on Jan. 31.

Click Here- https://bit.ly/34eUfDL

Kedia Commodities

Published on 12/12/2019 11:16:24 AM

EURINR

*  EURINR trading range for the day is 78.55-78.94.

* Euro remained in range as after release of a better-than-expected German economic sentiment survey.

* The ZEW research institute's monthly index on economic morale among German investors showed the mood improved far more than forecast in December

* Investors awaited developments from central bank meetings in the United States and Europe and as a Dec. 15 deadline for the next wave of U.S. tariffs on Chinese goods.

Click Here- https://bit.ly/34eUfDL

Kedia Commodities

Published on 12/12/2019 11:16:07 AM

USDINR

* USDINR trading range for the day is 70.77-71.17.

* Rupee ended with gains on buying by foreign banks amid likely corporate and overseas fund inflows.

* Investors awaited the outcome of Fed meeting and drew some support from hopes that U.S. President Donald Trump will delay the imposition of tariffs on Chinese goods

* India's growth is now seen at a slower 5.1% in fiscal year 2019

Click Here- https://bit.ly/34eUfDL