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TRADING CALLS

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Kedia Commodities

UPDATE

Published on 22-11-2024 03:10 pm

GBP ZONE DATA*

Flash Manufacturing PMI
Actual: 48.6
Forecast: 50.0
Previous: 49.9

Flash Services PMI
Actual: 50.0
Forecast: 51.9
Previous: 52.0


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Kedia Commodities

UPDATE

Published on 22-11-2024 02:39 pm

 EUR ZONE DATA*

Flash Manufacturing PMI
Actual: 45.2
Forecast: 46.0
Previous: 46.0

Flash Services PMI
Actual: 49.2
Forecast: 51.6
Previous: 51.6


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Kedia Commodities

SELL

Published on 22-11-2024 11:03 am

JPYINR

Observations

JPYINR trading range for the day is 54.42-54.92.

JPY dropped as dollar gains bolstered by expectations that Trump’s policies could reignite inflation.

However, uncertainty surrounding the Bank of Japan’s future interest rate hikes continued to weigh on the currency.

BOJ Ueda suggested that any rate hikes would be gradual, depending on economic conditions.

SELL JPYINR NOV @ 55 SL 55.2 TGT 54.8-58.6.


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Kedia Commodities

SELL

Published on 22-11-2024 11:03 am

GBPINR

Observations

GBPINR trading range for the day is 106.47-107.35.

GBP rises after the UK inflation data for October came in hotter than expected.

Hot UK inflation data could diminish the odds of the BoE delivering another interest-rate cut in December.

Several Bank of England policymakers have warned about price pressures remaining persistent.

SELL GBPINR NOV @ 106.9 SL 107.1 TGT 106.7-106.5.

Click Here http://surl.li/xuwyqf


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Kedia Commodities

SELL

Published on 22-11-2024 11:03 am

EURINR

Observations

EURINR trading range for the day is 88.88-89.4.

Euro fell amid growing concerns about downside risks to the Eurozone economy.

ECB highlighted that heightened geopolitical tensions and policy uncertainties are amplifying sovereign vulnerabilities

Euro zone negotiated wage growth accelerated in the third quarter, adding to the case for caution in cutting interest rates quickly as the labour market remains tight

SELL EURINR NOV @ 89.15 SL 89.35 TGT 88.9-88.7

Click Here http://surl.li/xuwyqf


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