Feb 28 2018

Rupee stays lower as Dollar rallies on Powell testimony

Financial Market Overview 28th February, 2018 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- Indian rupee headed for a third straight session of losses, falling to a fresh over three-month low in afternoon session, tracking a rally in the greenback after the Federal Reserve chair’s upbeat assessment of the U.S. economy fuelled bets of a

Feb 28 2018

Rupee opens sharply lower as Powell testimony lifts Dollar

Financial Market Overview 28th February, 2018 Morning Coffee:-                                                                                   MARKETS AT OPEN:- Rupee:- Indian rupee opens at 65.12 sharply lower against the dollar after the Federal Reserve chair’s upbeat economic assessment and optimism on achieving inflation target boosted the U.S. currency. Pair USDINR now at 65.11,  against 64.87 previous close. India’s December-quarter GDP data

Feb 27 2018

USDINR Ideas – Will the nervousness prolong?? – 27Feb18

The rupee was trading range-bound between 63.40-64.40 for a month and a half since the dawn of new year. Abruptly, within 4 trading days, rupee weakened from 63.80 to 65.10. What drove this weakness is common knowledge. Let’s make a calculated guess as to what lies ahead. Consider the following: After pumping in handsomely in

Feb 27 2018

Rupee remianed lower before Fed chair testimony

Financial Market Overview 27th February, 2018 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- The Indian rupee remained lower in a choppy afternoon session, as foreign lenders’ greenback purchases outweighed the gains triggered by state-run banks’ dollar sales. Traders await U.S. Federal Reserve Chair Jerome Powell’s congressional testimony later today for further cues. The rupee

Feb 27 2018

Trade idea for the day – 27 Feb 2018

USDJPY :- The currency pair is looking weak on hourly chart as MACD and Signal line is giving a sell signal. Our Preference:-  Sell at Current Market(106.86) Target – 106.44 Stop loss – 107.00 GBPUSD :-  On a hourly chart MACD line has given a bullish crossover with Signal line. Simple moving average(3 day) crossed