MENU

Published on 13/12/2019 9:38:17 AM | Source: Kedia Commodity Ltd

Technical Currency Outlook 13 December 2019 - USD, EUR, GBP, JPY by Kedia Commodity

Posted in Currency Report| #Kedia Commodity Ltd #Currency Tips

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

USDINR

* USDINR trading range for the day is 70.51-71.2.

* Rupee ended with range as the Federal Reserve's forecast that it would hold rates through 2020 sparked an unwinding of long positions in the greenback.

* Fed Chairman Jerome Powell said the economic outlook for the U.S. was favourable as the central bank announced its decision to hold rates steady

* Growth should pick up to 6.5% in fiscal year 2020 with supportive policies.

 

EURINR

* EURINR trading range for the day is 78.57-79.27.

* Euro gains as dollar seen under pressure after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon.

* Investors also remained on edge as Sunday's deadline for the next round of U.S. tariffs on Chinese goods looms.

* Fed Chairman Jerome Powell said the economic outlook for the U.S. was favourable as the central bank holds rates steady.

 

GBPINR

* GBPINR trading range for the day is 92.96-93.97.

* GBP remained supported on growing expectations the Conservatives would gain an outright majority.

* The narrowing of the Conservative's lead just a day before the vote has cast some doubt on the expectations of a definitive outcome.

* The UK economy stagnated in October as Brexit uncertainties and upcoming election weighed on most of the sectors.

 

JPYINR

* JPYINR trading range for the day is 65.02-65.61.

* JPY traded in range fell after the Federal Reserve held interest rates steady

* The total value of core machine orders in Japan was down a seasonally adjusted 6.0 percent on month in October .

* Producer prices in Japan were up 0.2 percent on month in November, the Bank of Japan said.

 

To Read Complete Report & Disclaimer Click Here

 

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