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Kedia Commodities

Published on 03-07-2025 08:40 am
# JPYINR trading range for the day is 59.16-60.3.
# JPY weakened after US President Donald Trump threatened to impose a 35% tariff on Japanese imports.
# Data showed a surprise uptick in business sentiment among large manufacturers in the second quarter
# Confidence among large Japanese manufacturers improved in the three months to June, a central bank survey showed
(Disclaimer: https://bit.ly/2ziDavw)
Kedia Commodities

Published on 03-07-2025 08:40 am
# GBPINR trading range for the day is 117.2-118.16.
# GBP dropped on profit booking amid BOE’s cautious approach compared to peers like the ECB.
# UK inflation remains stubbornly above the BoE’s 2% target, reaching 3.4% in May, well above the euro zone’s 2% in June.
# Economic growth remains weak, with the UK economy contracting sharply in April due to global trade tariffs and domestic tax hikes.
(Disclaimer: https://bit.ly/2ziDavw)
Kedia Commodities

Published on 03-07-2025 08:39 am
# EURINR trading range for the day is 100.75-101.53.
# Euro dropped as investors assessed comments from European Central Bank policymakers
# Eurozone inflation reaching the ECB’s 2% target, reinforcing expectations of continued monetary easing.
# Markets continue to price in Federal Reserve rate cuts despite uncertainty over the impact of US President Trump’s tariffs.
(Disclaimer: https://bit.ly/2ziDavw)
Kedia Commodities

Published on 03-07-2025 08:39 am
# USDINR trading range for the day is 85.45-85.99.
# Rupee declined ahead of closely watched U.S. economic data, with investors focused on prospects for trade deals ahead of a July 9 deadline.
# India's manufacturing sector surged in June, reaching a 14-month high with a PMI of 58.4, fueled by robust output and new orders.
# Investors continued to focus on the low inflationary backdrop in India and the dovish response by the RBI.
(Disclaimer: https://bit.ly/2ziDavw)
Kedia Commodities

Published on 02-07-2025 10:06 am
SELL JPYINR JUL @ 60.2 SL 60.5 TGT 59.9-59.7.
Click Here : https://tinyurl.com/2zt3j9wh
(Disclaimer: https://bit.ly/2ziDavw)