Forex Market News

Sell USDINR July On Bounce0 Near To 65.00

Rupee for june month moved in range of 64.84-64.30, today settled down at 64.48 appreciating nearly by +0.36% justlying the historical gains for June months while rupee looks continue to trade in a narrow range ahead of GST implementation next week.
Also, monsoon progress remains in focus amid expectations of normal rainfall. We suggest going short in July USDINR future near 64.85 for target at 64.32 and below can test 63.95 level with stop loss at 65.40.
Crude continued its downturn and moved to its lowest levels since November last week. Data points do not suggest any major recovery recovery in crude in the near term. World stock markets too reacted to tumbling crude oil prices.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

JPYINR – Ways2Capial

JPYINR trading range for the day is 57.77-58.26. JPY dropped ahead of comments from Fed Chair Janet Yellen that are expected to underline her positive view of the U.S. economic outlook.
Japan’s leading index declined more than initially estimated in April, latest figures from the Cabinet Office showed. Producer prices in Japan were up 0.7 percent on year in May, the Bank of Japan said.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

GBPINR – Ways2Capital

GBPINR trading range for the day is 82.14-83.03. GBP traded in the range amid confirmation that an agreement has been reached which will see the Democratic Unionist Party back Theresa May’s minority party.
Data on first-quarter economic output, a consumer confidence survey, business investment numbers and a reading of Britain’s current account are all due later this week. UK consumer confidence deteriorated notably in the wake of hung parliament, survey results from YouGov showed.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

EURINR – Ways2Capital

EURINR trading range for the day is 72.28-73.54. Euro after ECB President Mario Draghi said there are clear signs of a “strengthening and broadening” recovery underway in the euro zone area.
Draghi said the ECB sees growth that is above trend and well distributed across the euro area, but reiterated that “a considerable degree” of stimulus is still needed.
Draghi said the ECB’s policies have been effective in rebuilding inflation, but noted that the reflationary process was being slowed by a combination of external price shocks.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

USDINR – Ways2Capital

USDINR trading range for the day is 64.62-64.88. Rupee gained on buying by foreign banks and as investors await comments from Federal Reserve Chairperson Janet Yellen.
India’s current account deficit widened to $3.4 billion, or 0.6 percent of gross domestic product, in the January-March quarter from the same period. RBI’s monetary policy committee wants more evidence that inflation has sustainably fallen below its target before deciding whether to lower interest rates.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

Indian Rupee Opens Marginally Lower At 64.55 Per Dollar

The Indian rupee opened marginally lower at 64.55 per dollar on Wednesday versus previous close 64.53. Pramit Brahmbhatt of Veracity said, “The rupee will take cues from weak domestic equity market and will trade sideways to negative.
We expect the spot USD-INR pair to trade in a range of 64.40-64.80/dollar.The dollar index tumbled against major currencies and ceded ground after hitting a five-week high against the yen.
Meanwhile, the euro traded at a ten-month high against the greenback following ECB president Mario Draghi’s comments that the central bank could potentially adjust its policy in response to improving economic conditions.
According to Dhawal Dalal of Edelweiss AMC, “The government bond prices have remained rangebound with a declining trend perhaps due to profit booking. Price chart also looks a tad weak from a technical perspective in the near term. We maintain our bullish outlook over the medium term and target 10-year benchmark bond yield at 6.25 percent,” he added.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

JPYINR – Ways2Capital

In the last week, JPYINR spot rose by 0.34 percent owing to the disappointing release of manufacturing growth that slipped to 52 in June’17 from previous month’s 53.1. Furthermore, strength in the American currency was another factor for the price trend of Japanese yen.
However, sharp losses were capped as the recent oil plunge hurt the global risk appetite which boosted the demand for safe haven Yen. Today, JPYINR futures is expected to trade lower towards 57.80 mark.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard