Nov 24 2017

Rupee ended lower; S&P global maintains status quo

Financial Market Overview 24th November, 2017 Evening Coffee:-                                                                                       MARKETS AT CLOSE:- Rupee:- The rupee ended lower at 64.6975 to a dollar today, against 64.58 at the previous close, on short-covering and across-the-board greenback buys from banks. It marked the rupee’s largest single-session loss since Nov. 13. India’s foreign exchange reserves rose to

Nov 24 2017

Rupee stays lower on sustained Dollar buys

Financial Market Overview 24th November, 2017 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- Indian rupee remained lower against the dollar in afternoon trade, as continued greenback purchases outweighed potential impact from strength in local shares that boosted expectations of foreign fund inflows. The rupee was last seen at 64.6475 to a dollar, against 64.58

Nov 24 2017

Trade Idea for the day

USDINR :- MACD Crossover below zero line giving a buy signal. Our Preference:-  Buy at 64.60-64.65 Target – 64.75-64.80 Stop loss  of 64.55 EURINR :-  Fell below 50 Day Moving Average Our Preference :-  Sell Above 76.60 Target – 76.40 Stop loss – 76.70 GBPINR :- Pair has broken 50 Day EMA & 200 Day

Nov 24 2017

Trade Idea for the day

EURUSD :- Double top with a bearish divergence in 14-day Relative Strenght Index. Our Preference:- Sell at Current for the target of 1.1815 with a stop-loss of 1.1862. GBPUSD:- The pair looks well supported at the upward sloping trend-line. Our Preference:- Buy at current for a target of 1.3320 and 1.3330 with a stop-loss of

Nov 24 2017

Rupee turns lower on likely Dollars short covering

Financial Market Overview 24th November, 2017 Morning Coffee:-                                                                                   MARKETS AT OPEN:- Rupee:- Rupee turns lower after opening flat at 64.58, on likely short-covering in dollar; pair now at 64.71 against 64.58 previous close. Pair to tip in range between today 64.50-64.80. Indian Equities:- Frontline indices began on a positive note, with the Nifty opening

Nov 22 2017

Rupee stays higher tracking weak Dollar

Financial Market Overview 22nd November, 2017 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- Indian rupee remained higher against the dollar in afternoon trade, tracking broad weakness in the greenback amid caution before the release of the Federal Reserve minutes later today and ahead of the Thanksgiving holiday in U.S. tomorrow. The rupee was last

Nov 22 2017

Trade Idea for the day

USDINR :- RSI below 30 on 30 Minute chart Signaling a Buy in dollar. Our Preference:-  Buy at 64.70-64.75 Target – 64.85-84.90 Stop loss  of 64.65 EURINR :-  MACD Crossover Signalling Buy in Euro. Our Preference :-  Buy at 76.00-76.05 Target – 76.20-76.25 Stop loss – 75.95 GBPINR :-  MACD Signalling Buy in GBP. Our

Nov 22 2017

Trade Idea for the day

EURUSD :- Trading close to its trendline resistance zone. Our Preference:- Sell at Current for the targets of 1.1734 with a stop-loss of 1.1765. GBPUSD:- Trading in a Triangle Pattern, reaching towards the resistance of Triangle. Our Preference:- Sell at 1.3267 for a target of 1.3245 with a stop-loss of 1.3281. USDJPY:- Reaching towards the

Nov 22 2017

Rupee higher as US. yields fall ahead of Fed minutes

Financial Market Overview 22nd November, 2017 Morning Coffee:-                                                                                   MARKETS AT OPEN:- Rupee:- Indian rupee opens higher against the dollar at 64.79, in line with most Asian currencies, as U.S. treasury yields fell ahead of the release of the Federal Reserve’s latest policy meeting minutes later today, hurting greenback demand. Pair USDINR now at

Nov 21 2017

USDINR Ideas – Soverign Rating Boost

Rupee has witnessed a see-saw kind of volatility since I wrote my last article (dated 1Nov17 – please see below). Hope dollar importers have paid heed to my advice of hedging November liabilities around 64.50-60. Rupee had surged to a short-term peak of 64.47 on 2 November and quickly weakened towards 65.40-50 within a couple