29-01-2024 11:05 AM | Source: Kedia Advisory
Sell Usdinr Jan @ 83.2 SL 83.35 TGT 83.05-82.95 - Kedia Advisory
News By Tags | #CurrencyTips #KediaAdvisory

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

USDINR

Observations:

USDINR trading range for the day is 83.05-83.19.

Rupee ended little changed, awaiting fresh cues for directional momentum

Core PCE prices in the US, rose by 2.9% on the year in December, the least since March 2021

The US economy expanded 3.3% in Q4, way more than forecasts of 2%

SELL USDINR JAN @ 83.2 SL 83.35 TGT 83.05-82.95.

 

EURINR

Observations:

EURINR trading range for the day is 90.37-90.71.

Euro dropped as euro zone business activity contracted in January

European Central Bank kept interest rates unchanged at record-high levels Pledged to maintain restrictive levels to bring inflation back to 2% target

SELL EURINR JAN @ 90.6 SL 90.8 TGT 90.4-90.2.

 

GBPINR

Observations:

GBPINR trading range for the day is 105.26-106.46.

GBP steadied after UK Composite PMI rose to 52.5 in January, highest in seven months

UK retail sales declined sharply, raising risk of recession in Q4 UK growth momentum improving, driven by expansion in services sector

SELL GBPINR JAN @ 105.8 SL 106 TGT 105.5-105.3.

 

JPYINR

Observations:

JPYINR trading range for the day is 56.19-56.51.

JPY dropped as dollar index steadied as investors look forward to the fourth quarter gross domestic product

The BoJ's hawkish tilt could act as a tailwind for the JPY amid a subdued US Dollar price action.

Japan's top currency diplomat Masato Kanda said he was closely watching how central bank decisions

SELL JPYINR JAN @ 56.4 SL 56.6 TGT 56.2-56.

 

 

 

 

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

To Read Complete Report & Disclaimer     Click Here

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