Wednesday, 31 January 2018

Good Morning!

U.S. equities were down for second straight day yesterday with DOW marking its biggest two-day drop since September 2016, all due to rising bond yields & selloff in healthcare.
Asian stocks pulled back further from record highs today as the recent rise in global bond yields weighed on equities.
The dollar index held steady today as investors awaited U.S. Federal Reserve’s policy decision where comments on the pace of expected interest rate hikes this year would be watched.
The Indian Rupee to is seen opening at 63.64 with expectations for USDINR to trade mildly bullish approaching the 63.85 resistance.

Tuesday, 30 January 2018

Good Morning!

Wall Street retreated from record levels yesterday, with the Dow slipping more than 100 points, dragged lower by a slide in Apple shares.

Asian stocks backed off from record peaks today following the U.S. equities, while the dollar found support as US bond yields climbed to near four-year highs.

The dollar index traded above a recent three-year low yesterday has drawn some support from a rise in U.S. bond yields as traders awaited a U.S. Federal Reserve policy meeting for fresh catalysts.
The Indian Rupee to is seen opening weaker at 63.70 with expectations for USDINR to trade mildly bullish approaching the 63.85 resistance.

Monday, 29 January 2018

Wall Street hits record highs, taking Asian equities higher in Monday morning session after the S&P 500 and Nasdaq composite both closed more than 1 percent higher on the last trading day. 

The dollar index wobbled near three-year lows today, struggling to pull ahead from six straight weeks of losses amid its evaporating yield advantage and doubts about Washington's commitment to a strong currency.
The greenback is also losing its relative yield attraction for investors. Short-term interest rates are expected to rise in other countries as the ECB and many others start to scale back their easy monetary policy.

USDINR today is expected to open at 63.63 with 63.45-63.80 as the intraday range for the spot to play.


Regards
Karvy Forex

Thursday, 25 January 2018

 Good Morning!

Asian market trading near the record highs, after a choppy session in US equities as concerns about the Trump administration's protectionist stance, cast a shadow on financial markets
The U.S. dollar index,, had a crushing day after violating 90 levels against peers after caving on comments by U.S. Treasury secretary Steven Mnuchin that he welcomed a weaker currency, while the Sterling and euro climbed to fresh highs, ahead of the European Central Bank’s policy decision.

Dollar-rupee expected to open depreciating note near 63.54 against the previous closing of 63.69 and expected to trade in a range of 63.35-63.75 for the day, bias towards the weaker side, with DXY, & equities likely to drive the pair.

Wednesday, 24 January 2018

Good Morning!

Asian market trading on mixed on Wednesday, after strong corporate earnings and optimism on global growth, outweighed concerns over trade tensions, the S&P 500 has reached a streak of 396 trading days without a 5-percent correction
The U.S. dollar index, which measures the greenbacks slipped to fresh three years low against its peers after stronger Eurozone better than expected data, while pound climbs above 1.40 levels, with market participant would be focusing on Service PMI and existing home sales data from the US


Dollar-rupee expected to open flat near 63.75 against the previous closing of 63.77 and expected to trade in a range of 63.55-63.95 for the day, with equities markets and DXY likely to drive the pair. 

Tuesday, 23 January 2018

23rd JAN EURUSD Technical outlook

23rd Jan GBPUSD Technical Outlook

23rd jan USDJPY Technical Outlook

 Good Morning!

Asian market trading on positive note on Tuesday morning, after the US senators struck a deal to end a three-day government shutdown, sending global American indexes to record highs

The U.S. dollar index, which measures the greenbacks traded on a muted against its peers after the shutdown deal, while Pound reaching its highest level since June 2016’s vote for Brexit, on optimism that Britain will reach a favorable divorce deal with the European Union

Dollar-rupee expected to open flat near 63.85 against the previous closing of 63.87 and expected to trade in a range of 63.70-64.05 for the day, with equities markets driving the pair.

Monday, 22 January 2018

Asian market trading on a mixed note on Monday as investors kept an eye on political developments in the U.S. after a government shutdown began last week. 
The U.S. dollar index, which measures the greenbacks traded on a muted against its peers as US shutdown dented the sentiment of the market's players, but investors taking wait n watch stance on development in Washington


Dollar-rupee expected to open marginally higher near 63.87 against the previous closing of 63.84 and expected to trade in a range of 63.65-64.05 for the day, with 63.75 acting as a pivot for the day 

Good Morning! U.S President Donald Trump said it is inappropriate at this time to have planned North Korea summit calling off his June 12...