• Forex

    Tip for 12-Sept-2014

    currency tips

    Hi all,
    Today the trend for USDINR shows down. That means Sell trend.
    You can sell around 61.21-61.22 range with a target of 61.05 and below.
    Note that the lower targets for USDINR set before at 60.90 and 60.50 are yet to be materialized.

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  • Forex

    Tip for 11-Sept-2014

    USDINR tips

    Hi all,
    The probable dayhigh for USDINR(Sept) is 61.18-61.19
    So better to Buy at 61.05 with target of 61.18 and above. Also for hedging purpose, you can sell at 61.05 with a target of 60.98/60.95

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  • Forex

    Tip for the week 8-Sept to 12-Sept-2014

    currency tips

    I observe the safe range for USDINR this week is 60.41 – 60.70
    Both two figures are yet to hit as today’s (8-Sep-2014) High was 60.58 and Low was 60.4550
    This means USDINR pair will certainly go above 60.70 and will go below 60.41 this week itself.
    Check Which figure hits first or reach very close as the trend will reverse after that.

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  • Forex

    RBI announces FX reserves in USD as 319.35 Billion

    currency tips

    RBI today announced FX reserves in USD as 319.35 Billion. It was 319.99Billion last time.
    This may give confidence for RBI not to buy surplus dollars for the time being from the market. Also it may give the power for selling USD if the rates go beyond ‘lakshmanrekha’. But we don’t know what is the ‘rekha’ kept by RBI to intervene.
    Let us wait and see how the market responds to this almost same figure announced by RBI.

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  • Forex

    Global oil prices expected to continue to decline

    USDINR tips

    Crude oil is trading in the $95 price range as speculators continue to believe that violence and tensions around the globe will not have an effect on supply. Recent reports show that the world is swimming in oil and that territories under siege continue to produce oil. Crude oil is trading at 95.73 while Brent oil touched its lowest of the year on Thursday trading at 102.00. Brent oil has recovered a bit this morning as traders are buying up the cheap commodity. Brent is trading at 102.72 as the spread holds at $7.00.
    Read full article

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