Bullish bets on Asian FX ease as Fed rate-hike concerns weigh - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* U.S. dollar falters as Fed outlook weighs; focus on next week's inflation data
* Dollar slips; traders assess Fedspeak ahead of CPI release
* Bullish bets on Asian FX ease as Fed rate-hike concerns weigh: Reuters poll
CHART OF THE DAY:
OUTLOOK:
GBPINR: GBPINR has been showing and outperforming for the last two trading sessions, where 100.40.100.45 is an immediate resistance zone. Above this, we can expect a short-covering rally towards the 100.55-100.75 zone. On the downside, 100.00 is an immediate support level, while 99.65 will be the next important support level.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
