Aug 17 2018

USDINR Ideas – Is the Rupee weak at 70?

After a brief period of range bound trading around 68 – 69, rupee has weakened again – beyond the 70 mark. Since it was a level never touched in history, Indian Media (in its customary habit of blowing things out of proportion), started creating a huge hoopla around Rupee’s weakness. In a scenario of massive

Aug 10 2018

Yen tests key channel support as US-Japan talk trade

Robust Japanese GDP data at 1.9 percent hasn’t led the currency to appreciate much as the Yen traders watch for outcome of the trade talks with the world’s largest economy. The talk’s focus is on reducing import tariffs on cars along with the intention to proceed with bilateral negotiations. While retaining focus on achieving the

Aug 08 2018

GBPUSD – Trend Channel Support, Rebound Expected

GBPUSD:- Technical picture on daily chart is looking quite bullish (shorter period) for Sterling against the US. Dollar. The pair GBPUSD is trading in a downward sloping trend channel, in which the price action are forming lower highs with respect to lower lows. At present GBPUSD is heading towards the support zone of trend channel,

Aug 06 2018

USDINR Ideas – Range Forwards are in!! 6Aug2018

After a roller coaster ride in April-June 2018, the Indian Rupee has stabilized around 68.20 – 69.10 since July 2018 – Lull after the storm (could it be a precursor to another storm brewing?) While the storm continues in the international financial markets, rupee remained (more or less) unfazed.   What next is the crucial