The RBI announced another open market operations (OMO) to buy back up to Rs 10,000 crore of bonds on Thursday after the liquidity deficit in the banking system rose to highest in two years.
Currencies
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EUR/USD – Bullish on a Breakout – Neal Bhai Reports
With pressure building in the form of an ascending wedge just beneath strong resistance the euro is on the cusp of a breakout. There is a good amount of resistance in the area around 11720/50 which needs to be cleared through first before momentum has a chance at picking up.
EURUSD Requires Patience, and Lots of It – Gold Silver Reports
Monday’s session did just that. Sellers challenged 1.1530 but were unable to penetrate the level. That bounce from 1.1530 has led to today’s retest of the 1.1630 area.
DOLLOR INDEX TRIANGLE BREAKOUT ABOVE 95.55 U WILL SEE UNEXPECTED BOOM WILL BREAK NEW HIGH OR TOUCH???? – Neal Bhai Reports
Dollor Index Triangle Breakout Above 95.55 U Will See Unexpected Boom Will Break New High Or Touch???? =========Think Mcx Gold Crude Where Will Go Million Doolor …
Rupee Set to Slide to 75 per Dollar, Say Lenders
India’s trade deficit for August is likely to remain at $17 billion to $18 billion, while the Federal Reserve is set to raise rates again this month, both of which will weigh on the rupee, Philip Wee, a senior currency strategist at DBS, wrote in a note. UBS Securities India Pvt. cut its year-end forecast to 73 from 66, while Scotiabank sees the rupee approaching 74 in the run up to the Fed meeting.
USDINR Hit 72.655 Enjoy – My Ultimate Target $74, Remember or Not, I Told You Lots of Times — Buy Every Dips – Neal Bhai Reports
USDINR Hit 72.655 Enjoy – My Ultimate Target $74, Remember or Not, I Told You Lots of Times — Buy Every Dips – Neal Bhai Reports
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
USDINR Kiss $ 72 Enjoy – If Hold Above $72.20, We See Blast Up To $72.70—$ 73 or My Ultimate Target $74 I Told You Many Times — Buy Every Dips – Strong Support 70.70
USDINR Kiss $ 72 Enjoy – If Hold Above $72.20, We See Blast Up To $72.70—$ 73 or My Ultimate Target $74 I Told You Many …