Blog Posts - Forex Market

The Indian rupee has started off trade at four-month high on Tuesday after fall in US dollar due to weaker-than-expected jobs data. The currency has opened at 66.53 a dollar, up 29 paise compared with Friday's closing value of 66.82 a dollar. The mar...

The Indian rupee has started off trade at four-month high on Tuesday after fall in US dollar due to weaker-than-expected jobs data. The currency has opened at 66.53 a dollar, up 29 paise compared with Friday's closing value of 66.82 a dollar. The mar...

GBPINR Sep Futures opened flat around its strong trend line resistance near 88.55. Prices broke out later in the session from its trend line and gave sharp up move till intraday high of 89.16. Prices are likely to continue its upward momentum...

USDINR Sep Futures fell and made low of 67.25 in intraday after opening marginally higher at 67.42. Prices ha ve taken strong resistance at 67.45 and started correcting in last two sessions. The pair is trading in a narrow range of 67.0- 67.45 in sho...

US Dollar Index traded lower by 0.4 percent in yesterday’s trading session. Reason behind this slump could be attributed to the weak manufacturing data from the nation that fell to a seven - month low in Aug ’16. Demand for factory orders has dec...

Euro is trading at 1.1199 , appreciating marginally against the US dollar after the US manufacturing PMI data was reported yesterday . Euro area too reported a drop in the manufacturing activity but it recouped the losses from after the EU data in th...

The Indian rupee opened higher by 10 paise at 66.85 per dollar on Friday versus previous close 66.95. Bhaskar Panda of HDFC Bank said, "In the recent days, we have seen healthy chunky inflows. Excess supplies in the market has been absorbed by the ce...

The Indian rupee opened lower at 67.04 per dollar on Thursday against previous close 66.96. Mohan Shenoi of Kotak Mahindra Bank said, "In the backdrop of Jackson Hole speeches, the focus is now on US Non-Farm Payroll data due tomorrow.The odds of a S...

Euro is trading at 1 . 11757 , remaining largely unchanged as markets eagerly wait for the jobs data . Economic data reported from the EU remained weak and added to the downward pressure on the shared currency .Core CPI and CPI were reported lower th...

GBPINR Sep Futures opened marginally higher and fell in the intraday till low of 88.11. intraday and made a fresh high of 88.56. Strong of 88.75 is placed at its downward trend line likely to fall from its resistance again as downward trend i...

USDINR Sep Futures fell after opening and touched 67.265 on the lower side sessions prices have been trading in a narrow range of 67.00- 67.50. Strong supports are placed at 67.00 and 66.80. Prices will enter into bearish market only i f 66.80 is bre...

US Dollar Index traded on a flat note yesterday owing to the mixed release of economic datasets from the nation that prompted the traders to refrain from placing any risky bets. ADP Non - Farm Emplo yment data came better than the expected levels in...

The Indian rupee opened marginally lower at 67.08 per dollar on Wednesday versus 62.02 Tuesday. Bansi Madhvani of India Ratings said, "In an environment of uncertainty over the Fed rate trajectory, rupee has held steady. We believe the renewed Fed ra...

Euro is trading at 1.1157 , continuing to remain on its depreciating trade as the US dollar remained in demand . Recent data from the Euro area turned weak, adding to the worries of the ECB . Expect further selling with the German unemployment and EU...

US dollar index is trading at 95.93 , continuing with the appreciating trend as markets continue to anticipate a rate hike from the US FED in the near term . Uptick in the consumer confidence data reported during the US session also added to the doll...

The American currency traded higher by 0.5 percent yesterday owing to stronger that expected release of consumer confidenc e data from the nation. US consumer confidence to the higheest level in 11 months thereby indicat i ng the fact that economic g...

The Indian rupee opened marginally higher at 67.13 per dollar on Tuesday versus previous close 67.17. Ashutosh Raina of HDFC Bank said, "The probability of a US rate hike this year has increased substantially, after the recent hawkish commentary from...

Euro is trading at 1.1173 , continuing to depreciate against the US dollar in the aftermath of Yellen and Fisher speech . No major economic events were reported yesterday and EU business climate and consumer confidence data is set to be reported and...

GBPINR prices fell as expected after taking resistance at its key downward trend line and made a low of 88.33 50 Prices just closed at 88.35 near its intraday low level. Ahead if prices continue to its downward momentum then strong support of 86...

US dollar index is trading at 95 . 69 , remaining supported after a brief decline in yesterday’s session . There was no major economic data reported yesterday but the comments from key FED members at Jackson Hole led to a sharp rise in odds favouri...

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