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15-11-2023 09:59 AM | Source: Kedia Advisory
BUY GBPINR NOV @ 102.2 SL 102 TGT 102.5-102.75 - Kedia Advisory
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USDINR

USDINR trading range for the day is 83.27-83.37.

Rupee little changed as traders remained cautious of adding large positions in holiday-shortened week

The annual inflation rate in the US slowed to 3.2% in October, the lowest since

July RBI Governor expressed optimism about India's economic outlook but cautioned that the path to becoming a prosperous society may not be smooth.

SELL USDINR NOV @ 83.3 SL 83.45 TGT 83.1-83.

 

EURINR

EURINR trading range for the day is 88.94-89.3. Euro steadied as caution dominated sentiment ahead of key data in major economies this week, Retail sales in the Euro Area declined by 0.3% in September, marking the third consecutive month of decrease ECB Lagarde indicated that maintaining the deposit rate at 4% should be sufficient to control inflation

BUY EURINR NOV @ 89.2 SL 89 TGT 89.45-89.65.

 

GBPINR

GBPINR trading range for the day is 101.73-102.29.

GBP finds support as UK economic growth was flat in Q3 against expectations of a decline.

Investors await the UK employment and inflation data for further guidance.

UK firms cut heavily on investments in Q3 due to a poor demand outlook.

BUY GBPINR NOV @ 102.2 SL 102 TGT 102.5-102.75.

 

JPYINR

JPYINR trading range for the day is 54.98-55.22

JPY dropped as investors braced for US inflation data and further commentary from Federal Reserve officials

Japan’s machine tool orders shrank 20.6% year-on-year to JPY 112,027 million in October 2023

Producer prices in Japan rose by 0.8% yoy in October 2023, slowing from an upwardly revised 2.2% gain in the prior month

BUY JPYINR NOV @ 54.9 SL 54.7 TGT 55.1-5520

 

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