Jan 31 2019

Dovish statement from cautious FOMC

US Federal Open Market Committee (FOMC) has left the interest rates unchanged at 2.25-2.5 percent, which was widely expected and accounted for in the markets. But the surprise of a dovish comment on the outlook for the economy inspite of being patient before making further moves. Fed is ready to adjust the balance sheet reduction

Jan 22 2019

Brent oil to head towards 70 with Inverted H&S

An inverted head and shoulder pattern is spotted for Brent oil wherein the neckline is as shown in red horizontal line with blue troughs as shoulders and orange lines as the head. The oil is presently resting at the neckline at 62 albeit with low volumes. An uptrend is likely to be validated with an

Jan 18 2019

Rupee Falls For 2nd Week As Fiscal Woes Spur Outflows

Financial Market Overview 18th January, 2019 Evening Coffee                                                                         Indian Rupee:- The Indian rupee fell for a second week, as concerns that likely pre-election spending may lead the nation to deviate from its fiscal consolidation path triggered outflows from local bonds. The rupee settled at 71.18 to a dollar against 71.05 at the previous

Jan 18 2019

Rupee Opened Flat Amid Divergent Reports On US-China Trade

USD/INR – The Indian opened little changed against the dollar, in line with other regional currencies, amid conflicting reports about U.S.-China trade relations. The rupee opened 71.0650 versus its previous close of 71.05. The key negatives for the rupee are in the form of Brent crude oil at above $60 per barrel and foreign outflows

Jan 17 2019

Rupee Snaps 4-Day Fall On Banks’ Dollar Sales

Financial Market Overview 17th January, 2019 Evening Coffee                                                                         Indian Rupee:- The Indian rupee rebounded from early losses to rise for the first time in five sessions against the dollar, as state-run and private banks sold the greenback likely on behalf of exporters. The rupee ended at 71.05 to a dollar, against 71.24 at

Jan 17 2019

Rupee Opened Higher As RBI Eases ECB Policy

USD/INR – The Indian rupee opened higher against the dollar after the Reserve Bank of India eased rules for companies’ overseas borrowing. Tepid regional cues, however, will likely keep the currency’s advance in check. The rupee opened at 71.15 versus its previous close of 71.24. The further simplification of the external commercial borrowing (ECB) rules