Forex Market News

EURINR trading range for the day is 76.15-77.16.

EURINR trading range for the day is 76.15-77.16. Euro dropped as German Chancellor Angela Merkel’s efforts to form a three-way coalition government failed, stoking political uncertainty in the euro zone’s largest economy. Eurozone’s robust economic recovery is still supported by the massive monetary stimulus that would help inflation to return to target, ECB’s Draghi said. Eurozone construction output increased for the first time in three months in September, though slightly, figures from Eurostat showed.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6554125 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Advertisements
Standard
Forex Market News

GBPINR trading range for the day is 85.63-86.79

GBPINR trading range for the day is 85.63-86.79. GBP remained supported after the European Union repeated an early December deadline for Prime Minister Theresa May to move on Britain’s Brexit divorce bill. Progress between European and British negotiators at the December summit in Brussels is seen as an important milestone in the Brexit talks. UK consumer price inflation was at 3.0 percent in October, while the number of people in work in Britain fell by the most in more than two years.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6554125 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

JPYINR trading range for the day is 57.85-58.3

JPYINR trading range for the day is 57.85-58.3. JPY remained supported on some safe-have demand and shrugged off disappointing trade data. Japanese Prime Minister Shinzo Abe said that the government and the central bank would work closely together and take all necessary steps to defeat deflation. The trade figures followed data that showed last week Japan’s economy expanded at an annualized rate of 1.4 percent in the third quarter.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6554125 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

JPYINR trading range for the day is 57.32-58.14

JPYINR trading range for the day is 57.32-58.14. JPY rebounded sharply as investors switched to the safe-haven currency amid an uptick in risk sentiment over the potential impact of U.S. tax cuts. Japan’s industrial production declined less than initially estimated in September, latest figures from the Ministry of Economy, Trade and Industry said. Japan’s gross domestic product advanced a seasonally adjusted 0.3 percent on quarter in the third quarter of 2017, the Cabinet Office said.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6554125 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

What is BITCOIN ? Can You Trade BITCOIN in India?

Since last few years BITCOIN And CryptoCurrency Trading is making a lot of noise. Investors especially in the western countries have shown a lot of Interest in BITCOIN And CryptoCurrency Trading.
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.
Why Bitcoins?
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
Acquiring Bitcoins
Buy on an Exchange: Several market places called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Mt. Gox is the largest bitcoin exchange
Can You Trade BITCOIN in India?
Yes you can. There are brokers who allow you to trade BITCOIN and CryptoCurrency in India butit is not recommended to trade.
I will tell you why.
Reason 1 not to trade BITCOIN:
Look at BITCOIN price in Rupees as on 15-Nov-2017 time 12.25 pm India Time:
In other words 1 BITCOIN equals Rs. 4 lakh, 49 thousand, 334.96 as of on 15-Nov-2017 time 12.25 pm India Time. Will you risk that much money to buy just 1 BITCOIN? At least I will NEVER.
BITCOIN price in USD as on 15-Nov-2017 time 12.25 pm India Time:
Reason 2 not to trade BITCOIN:
As of today this is what I see in most BITCOIN trading websites:
₹ 4,86,800.00 BUY
₹ 4,84,000.00 SELL
If you buy and decide to sell straight away you are set to lose ₹ 2800 + brokerage (though brokerage is low and there is no tax as BITCOIN is not controlled by governments).
Reason 3 not to trade BITCOIN:
Most people do not understand BITCOIN, so it is better not to invest in a business that you do not understand. Moreover governments all over the world are against it.
So you don’t know what LAW will KILL BITCOIN & CryptoCurrency Trading. The day governments kills it all your investments become ZERO on BITCOIN or CryptoCurrency.
Reason 4 not to trade BITCOIN:
Another point : Let us say someone invested $7000 in BITCOIN and made $14000 in 3 months.
In percentage terms that is 100% return in 3 months but in real world that’s just $7000 made with too much risk. BITCOIN can go up and down 10% in one day.
You will never invest in anything that can crash as much as 29% in a day at such a high price.
Greed is the biggest killer of money – BITCOIN And CryptoCurrency Trading is one of them.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6554125 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

Euro Depreciated By 0.44 Percent – Ways2Capital

Euro depreciated by 0.44 percent in yesterday’s trading session on the back of strong dollar and divergence in monetary policy. Further, disappointing economic data from Euro Area continued to weigh on Euro. However, sharp downside was prevented as French President Macron government promised to renew politic in France. In intraday Euro touched a low of 1.1143 and closed at 1.1149 against Dollar.
Euro depreciated by 0.44 percent in yesterday’s trading session on the back of strong dollar and divergence in monetary policy. Further, disappointing economic data from Euro Area continued to weigh on Euro. However, sharp downside was prevented as French President Macron government promised to renew politic in France. In intraday Euro touched a low of 1.1143 and closed at 1.1149 against Dollar.
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

US Dollar Increased By 0.40 Percent

US Dollar increased by 0.40 percent in yesterday’s trading session against basket of six major currencies on the back of hawkish statement from New York Fed president William Dudley and a rise in Treasury yields. He expressed confidence that rising wages would help revive domestic inflation.
Further, US Federal Reserve raised its interest rates by 25bps and maintained its outlook for one more rate hike in 2017. The Fed also laid out plan to trim its $4.2 trillion balance sheet this year. In Intraday Dollar Index touched a high of 97.575 and closed at 97.548 against Dollar.
Dollar is expected to trade with positive bias on the back of hawkish statement from New York Fed president William Dudley and divergence in global monetary policy. US Federal Reserve raised funds rate by 25bps to a range of 1%-1.25% and said it was prepared to continue with its monetary policy tightening. Traders will remain cautious ahead of comments from FOMC member Fischer. If he sounds hawkish it will support dollar to rise. However, sharp gain may be prevented on the back of expectation of rising political turmoil in US.
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