Forex Market News

USDINR trading range for the day is 64.94-65.3.

USDINR trading range for the day is 64.94-65.3. Rupee traded little changed as investors await minutes of Fed’s November policy meeting and speech from Fed Chairperson Janet Yellen scheduled later this week. Some pressure also seen as traders took comfort from the central bank’s unexpected decision to cancel a scheduled sale of bonds via open market operation. RBI said it was withdrawing the OMO sale due to “recent market developments and based on a fresh review of the current and evolving liquidity conditions”.
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

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
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

GBPINR trading range for the day is 85.97-86.49

GBPINR trading range for the day is 85.97-86.49. GBP remained under pressure on apparently conflicting reports on the negotiations on Britain’s departure from the EU. Pressure also seen after a German government spokesperson warned “time is running out” for Britain to negotiate the deal it wants. The UK economy expanded at a muted rate in the third quarter despite improvements in manufacturing activity, quarterly economic survey showed.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.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
Forex Market News

Indian Rupee Opens Lower At 64.48 Per Dollar

The Indian rupee opened marginally lower at 64.48 per dollar on Tuesday against previous close 64.43. Bhaskar Panda of HDFC Bank said, “The dollar index has been recovering after it touched a low in the recent past. I expect the USD-INR pair to trade in a range of 64.40-64.60/dollar today.”
He further added, “The 10-year benchmark bond yield is expected to trade within the 6.45-6.47 percent range today.”US dollar edged higher and yen tumbles as central bank outlooks come back into focus. New York Fed President Dudley reinforced expectations of further increases in 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

GBPINR Trading Range For The Day Is 82.11-82.99

GBPINR trading range for the day is 82.11-82.99. GBP remained supported by the fact that three members of the BOE’s Monetary Policy Committee surprised markets by voting in favor of a rate hike.
BOE decided to leave its record low interest rate unchanged, but the split among policymakers widened as more members sought a hike, citing the rising inflation. UK retail sales declined more than expected in May, figures from the Office for National Statistics 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