Nov 30 2017

Rupee falls as banks bids and weak local equities weighs; Indian GDP eyed

Financial Market Overview 30th November, 2017 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- Indian rupee stayed lower against the dollar in afternoon session and was headed for its first loss in four sessions, weighed down by weakness in local shares and greenback purchases, even as traders awaited economic growth data, due later today. The

Nov 30 2017

Rupee opened lower as US. bond yields bouys Dollar

Financial Market Overview 30th November, 2017 Morning Coffee:-                                                                                   MARKETS AT OPEN:- Rupee:- Rupee opens lower at 64.54, as rising US bond yields lift dollar against most Asian currencies. Pair USDINR now at 64.50 against 64.31 previous close. Local investors await India’s July-September economic growth and fiscal deficit data. According to a  poll of

Nov 29 2017

EURUSD view – Long term hedging ideas

The Fed is looking at an interest rate hike in Dec17 (indicated by chairman elect Jerome Powell’s statement yesterday) and then pause for a while (probably a long while). ECB on the other hand, is unwinding and tapering its QE programme in 2018. There is little doubt as to which is more attractive from bond

Nov 29 2017

Rupee at 2-month high on custodian inflows

Financial Market Overview 29th November, 2017 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- Indian rupee rose to a more-than-two-month high against the dollar in afternoon trade, as various banks sold the greenback likely on behalf of custodian clients, helping reverse early losses tracking overnight gains in the U.S. currency. The rupee was last trading

Nov 29 2017

Trade Idea for the day

EURUSD :- Bullish divergence on 14-day Relative Strenght Index and MACD . Our Preference:- Buy at Current for the target of 1.1900 with a stop-loss of 1.1845. GBPUSD:- Trading in an upward sloping trend-channel and presently close to its resistance zone. Our Preference:- Sell above 1.3415 for a target of 1.3385 with a stop-loss of

Nov 29 2017

Rupee opens marginally lower on strong U.S data

Financial Market Overview 29th November, 2017 Morning Coffee:-                                                                                   MARKETS AT OPEN:- Rupee:- Indian rupee edge slightly lower against the dollar in early trade, tracking overnight gains in the greenback underpinned by strong U.S. economic data and after Fed chair nominee Jerome Powell hinted at a rate hike next month; pair USDINR now at