Jan 16 2019

Rupee heading towards previous lows

Seeing the daily charts, a double bottom seems to be forming which may make way for higher USDINR towards 72.4550 (yellow horizontal line where earlier resistance was seen around that level). To head towards that, the local currency has to go past the 3 month upper trend line marked in red which is at the

Jan 15 2019

Finally Trump’s Tweets Made Fed ‘Patient’

What a turnaround of events in the last about six weeks as far US bond yields are concerned. On 3 December 2018, it traded at 3.05, tested as low as 2.54 on January 4 and trades at 2.69 at the time of writing. (Refer below the 10 Yr US bond yield movement from 3 December

Jan 14 2019

GBPINR :- Time to retrace back

GBPINR:- A decent rally from 88.00 mark to current levels (91.08) is likely to take a relief near 91.60 mark. A neckline resistance of Head and shoulder pattern is coming at 91.60, which might be the  probable destination from where bulls would take some rest before approaching further highs. A strong resistance of 200 day

Jan 11 2019

Sterling seems strong against US Dollar

GBPUSD– Pound is likely to become strong in coming sessions. We have seen a strong and interesting battle between Pound and Dollar earlier in this chart. According to some indicators, we came to know that Pound/Dollar pair can take a rebound to touch upside levels. Moving Average Convergence & Divergence (MACD) has already given bullish

Jan 10 2019

Euro – caught between Fed and ECB minutes

Dovish FOMC minutes triggered a breakout for the Single currency to go past 1.15. Now with it hovering around 1.1514 handle, the pair patiently waits for the ECB minutes due later today at 6 pm IST. Hawkish minutes will further raise the hopes of 1.16 with an eye on the slowing of global economy at

Jan 09 2019

Gold – short term bearish but long term bullish

The yellow metal’s rally – which started in mid August 2018 (from 1159) – hit a roadblock as trading dawned in the New Year (just ahead of the 1300 mark). Gold has thrived as a safe haven asset during the recent times of uncertainty, due to the ever persisting US-China trade war and the sudden