USD/INR – The Indian rupee opened lower against the dollar ahead of crucial trade talks between the U.S. and China. The rupee opened at 69.88 versus the dollar compared with its previous close of 69.71. Asian equities and currencies extended losses on Thursday before the U.S.-China trade talks. Chinese Vice-Premier Liu He will hold negotiations with U.S. officials on Thursday and Friday in Washington after tensions between the two countries ratcheted higher following President Donald Trump remarks that he plans to increase tariffs on Chinese shipments. The U.S. has accused China of backtracking on previous promises and Trump has said that he is considering taxing all imports out of the Asian nation. Trump said on Twitter yesterday that Beijing had informed Washington that the Chinese Vice-Premier is “coming to the U.S. to make a deal.” He added that if a deal did not materialize, he is “very happy with over $100 Billion a year in tariffs filling U.S. coffers.”
EUR/USD – Against the dollar, the euro was a shade higher at $1.1196, having spent the week stuck in a tight $1.1218-$1.1155 range. EUR/USD remains holed up in the 1.1200 region, shrugging off growing risks that might normally put bears in control. The EU Commission's downgraded outlook , heightened U.S.-Sino trade tensions and 10-year German bund yields trading near -0.05 percent are all factors that should have EUR/USD trading near the 2019 low at a minimum. Bears might be treading cautiously as economic green shoots from the euro zone keep popping up, which could keep the ECB from adding stimulus to the economy as many investors have expected. The U.S. interest rate complex could be limiting the downside as well. If bears don't gain control of EUR/USD soon, odds of an upside move will increase.
19 Sep 2019 05:47 PM
Analysing weekly chart of silver prices, we observe the formation of a shooting star- bearish candlestick with long upper shadow and short real body – 2 weeks ago. The candlestick of the next week’s prices gave a closing below the closing of the shoo
18 Sep 2019 05:47 PM
Rupee’s volatility during the last 5-6 trading sessions have been quite unusual in a particular way – multiple price gaps being formed at regular intervals.
18 Sep 2019 02:59 PM
Federal Governor Jerome Powell is due to announce Federal Open Market Committee’s interest rate decision later today at the conclusion of the FOMC meeting. If left to
17 Sep 2019 06:37 PM
On a weekly chart - prices turned back after forming the 3rd bottom at 104.44 for the week ended 24 August 2019
16 Sep 2019 06:03 PM
The benchmark 10 year federal government security with a 7.26% coupon has been inching higher ever since it touched a low of 6.266% in mid July. That level was last seen in Dec 2016, two and half year back. By consolidating poor performing banks with
13 Sep 2019 06:25 PM
Analysing weekly chart of gold prices, we observe a steep vertical rise in the prices for last few weeks. For last 3 weeks, bearish reversal candlesticks have been formed by the price action started by a gravestone# doji with a high of $1555 followed