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Currencies Tips
Rupee likely to Appreciate on Weak Dollar
“Rupee extended its gains in yesterday’s session after Fed Chairman signaled a likely slowdown in the pace of tightening in December, while indicating that more hikes will be necessary to curb inflation.
Indian Rupee Hits Record Low As Dollar Index Surges
The Indian rupee hit its lowest level against a strengthening U.S. dollar after Jerome Powell’s hawkish remarks at Jackson Hole.
Safe-Haven Currencies in Demand Amid U.S., Iran Tension
The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran’s most prominent military commander by the United States could trigger a broader Middle East conflict.
USD/INR Trades in Range, Further Trend Sideways – Gold Silver Reports
USD/INR Trades in Range
Intraday bias remains slightly bullish for the moment.
It made intraday high at 69.79 and low at 69.66 marks.
U.S. Dollar Will Remain Relatively Elevated in Coming Months, Says Nab’s Attrill
U.S. Dollar Will Remain Relatively Elevated in Coming Months, Says Nab’s Attrill
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.
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 Times — Buy Every Dips – Strong Support 70.70
Forex Reserves Drop $33.2 Million to $400.84 Billion – Gold Silver Reports
India’s foreign exchange reserves fell by $33.2 million to $400.847 billion in the week to 17 August mainly due to fall in foreign currency assets, according to RBI data.
In the previous week, the forex reserves had witnessed a drop of $1.822 billion to $400.881 billion.
Forex Tips : Buy 10—20 Mega Lots GBP/USD Above 1.35850, We See Blast Only Neal Bhai MFA Technical Analyst
Forex Tips : Buy 10—20 Mega Lots GBP/USD Above 1.35850, We See Blast Only. Tips By Neal Bhai MFA Technical Analyst 9899900589 & 9582247600