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.
Dollar
Dollar in Check as Investors Await August Jobs Report – Gold Silver Report
“The dollar has just surrendered some gains, broadly speaking, after its outperformance, ahead of critical jobs data tomorrow,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
Yesterday, I Told You Buy Silver MCX at Lower Level, Watch High ₹ 37143 – Neal Bhai Reports
Yesterday, I Told You Buy Silver at Lower Level, Watch High ₹ 37143 – Neal Bhai Reports
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
Silver on MCX settled down 2.05% at 36854 as the dollar hit a more-than-one-week high on the back of intensifying global trade tensions and economic worries in emerging markets.
Yestday Silver MCX Buy Call : Silver MCX Low ₹ 36641, Buy Slowly and Accumulate Every 500 Points – Don’t Panic @ Lower Level – Target 38100——39200 – Neal Bhai Reports
Dollar Finds Support, but Downside Correction May Not be Over – Gold Silver Reports
The US dollar has steadied after pulling back in recent days, but the downside correction does not appear complete, and month-end flows are still a risk to picking a dollar-bottom.
How A Weaker Rupee Will Impact India Inc. – Gold Silver Reports
Gold Silver Reports (GSR) – As the rupee remains below the 70 mark to a dollar, having weakened the most among Asian peers so far this year, analysts said it’s expected to boost earnings for software exporters and pharmaceutical companies and hurt sectors with high dollar-denominated debt.
Why The US Dollar is So Strong – Gold Silver Reports
What’s with the dollar rally today?
Stocks aren’t doing much and the bond market is flat. If it was a fundamental story, you would expect to see some kind of reaction outside the currency.
USD/INR Spot – Long Term Update and Report – Neal Bhai Reports
USD/INR Spot Updates – Keep Eye on 69, if hold and Closed above market ready for new high $75 Sure.
Trump is Reportedly Preparing to Weaken the Dollar – Here’s Why it will be Nearly Impossible and Won’t Really Fix Anything
GoldSilverReports.com — President Donald Trump is preparing a possible intervention in the currency markets to prevent the continuing surge of the US dollar, according to numerous media reports over recent weeks, but that may not actually fix the issues he has with America’s rampant currency.
Turkish Lira Extends Gains Against the Dollar, Up 4% now – Gold Silver Reports
Gold Silver Reports (GSR) – It’s the third straight day of declines for USD/TRY as further short covering in the lira continues to take place. Sharp spikes tend to produce sharp retracements and this is no exception.
Evaluating Dollar, Yen, Franc and Gold as Havens Amid Fear
Gold Silver Reports (GSR ) – What did we witness this past week? There was an unmistakable tumble across the financial system in assets with a ‘risk’ designation. The variety of ‘havens’ similarly rose. This abruptness of this move contradicted the steady deterioration of market activity over the preceding days and weeks.