Financial Market Overview 16th January, 2018 Morning Coffee:- MARKETS AT OPEN:- Rupee:- Indian rupee fell against the dollar in early trade, as the nation’s trade deficit widened to a more-than-three-year high, while a jump in global crude oil prices also weighed on sentiment. The rupee was last seen at 63.68 to a dollar
Financial Market Overview 15th January, 2018 Morning Coffee:- MARKETS AT OPEN:- Rupee:- The Indian rupee is trading higher against the dollar in opening session, in-line with most Asian currencies, tracking broad weakness in the dollar and as local industrial output rose at the fastest pace in over two years. Pair USDINR now at
Weekly Synopsis Date:- 13th January 2018 Markets from 08th January 2018 to 12th January 2018:- Indian Rupee:- Indian rupee posted its biggest weekly fall in about nine weeks, as importers stepped up dollar purchases amid a steady rise in global crude oil prices that could stoke inflation. For the week, the
The euro climbed to a three-year high after German Chancellor Angela Merkel’s conservatives and rival Social Democrats reached a breakthrough in coalition talks. The news gave fresh legs to the current rally being driven by expectations that the European Central Bank may quicken the pace of trimming its massive monetary stimulus. On Thursday, minutes
Financial Market Overview 12th January, 2018 Morning Coffee:- MARKETS AT OPEN:- Rupee:- The Indian rupee is trade higher against the dollar in early session, in line with most Asian currencies as weak U.S. producer prices data and gains in euro amid bets that the European Central Bank may trim its monetary policy stimulus.
On a Daily chart of EURUSD, a price reversal pattern “Bearish Butterfly Pattern” is found, fulfilling all of its technical assumptions which are mentioned below. Move A-B retraced to 76.2% of X-A fall, And If we talk about the next move B-C it is corrected/retraced to the extent of 61.8% golden ratio. Hence B-C has