Tuesday, August 23, 2016

Currency Market Update 24-08-2016 12:04

Currency Market Update  24-08-2016 12:04

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Currency Market Update
24-08-2016 12:04
USDINR:Trend-Down
EURINR:Trend-Down
GBPINR:Trend-UP
JPYINR:Trend-Down
EURUSD:Trend-Down
GBPUSD:Trend-Down
USDCHF:Trend-UP
USDJPY:Trend-UP
USDCAD:Trend-UP
AUDUSD:Trend-Down
EURGBP:Trend-Down
EURAUD:Trend-UP
EURCHF:Trend-UP
EURJPY:Trend-UP

USDINR,EURINR,GBPINR Currency Aug 24, 2016, 09.51 AM

USDINR,EURINR,GBPINR Currency Aug 24, 2016, 09.51 AM

Indian Currencies
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USDINR

Although USDINR pair opened higher on Tuesday at 67. 20,  it failed to sustain and turned lower and finally settled at  67.11 losing 0.23%. The pair has once again ended just  below the trend line. Going forward, if pair  surpass the trend line resistance of 67.15 then the  positive momentum will remain intact. If it fails to break then a correction can be seen till 67.03 then 66.90.

GBPINR

GBPINR finally breached the immediate resistance of 88.35 and edged higher on Tuesday and ended at 88.5 4  gaining 0.40%. Now the next resistance is at 88.90 of the slating trend line. While, supports are at 8 8.35  then 87.85. Ahead pair is likely to h of 88.90- 89.00 mark and buying is recommended on dips  around 88.30 - 88.35 levels.

 EURINR

 After continuous up move the EURINR pair opened at  76.10 and tested low of 75.90 there by it finally settled at  76.08, forming bearish Doji candle stick. Pair is s till  quoting within the rising trend channel, as long as it  remains within the channel the pa gains. While a breakdown of 75.88 will pull down th e pair  till the crucial support of 75.60. On higher side  resistances are seen at 76.15 then 76.65.

USD/JPY TECHNICAL OUTLOOK Aug 24, 2016, 09.51 AM

USD/JPY TECHNICAL OUTLOOK Aug 24, 2016, 09.51 AM


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USD/JPY. Pair after opening at 100.29and made a high of 99.91 and was seen buying pressure, the pair had bottom out and made a low of 98.98 and from there the pair had reversed and now trading near its 08Dma 102.35, the pair is not able to go below 99.levels and that has emerge as a strong support so any trade above 100.50 is a breakout buying in the pair

Fundamental Overview

Yen is trading at 100.37, depreciating marginally against the US dollar as the later rebounded from the lows that were seen the previous day. All attention would be on the Jackson Hole symposium and the outcome would drive the Yen. We would prefer buying the USDJPY pair near the 100.00 levels. 

Rupee Yahoo Tips, 2nd Session: 24.Aug.2016

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

11.45 am : Buy USDINR (AUG) SA 67.26 SL 67.15 Target 67.36 / 67.44 / 67.52
11.45 am : Sell USDINR (AUG) SB 67.10 SL 67.21 Target 67.00 / 66.92 / 66.84
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.25 

11.45 am : Buy EURINR (AUG) SA 75.93 SL 75.82 Target 76.03 / 76.11 / 76.19
11.45 am : Sell EURINR (AUG) SB 75.77 SL 75.88 Target 75.67 / 75.59 / 75.51
 EURINR (AUG) : INTRADAY TREND : DOWN SL : 76.00 

11.45 am : Buy GBPINR (AUG) SA 88.63 SL 88.52 Target 88.73 / 88.81 / 88.89
11.45 am : Sell GBPINR (AUG) SB 88.47 SL 88.58 Target 88.37 / 88.29 / 88.21
 GBPINR (AUG) : INTRADAY TREND : UP SL : 88.35 

11.45 am : Buy JPYINR (AUG) SA 66.97 SL 66.86 Target 67.07 / 67.15 / 67.23
11.45 am : Sell JPYINR (AUG) SB 66.81 SL 66.92 Target 66.71 / 66.63 / 66.55
 JPYINR (AUG) : INTRADAY TREND : DOWN SL : 67.00 

GBP/USD Forex Strategy : Aug 24, 2016, 09.51 AM

GBP/USD Forex Strategy :  Aug 24, 2016, 09.51 AM


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TECHNICAL OUTLOOK

GBP/USD. Pair after opening at 1.3139 made a low of 1.3127 , and saw some short covering from lower levels the pair is respecting the levels of 1.3100 as a resistance and 20DMA at 1.3096 and now that has become support and the pair is making inverted head and shoulder pattern on hourly chart so intraday dips shall be utilized to buy the pair

Fundamental Overview

Pound is trading at 1.3181; remaining on a higher side as traders continued to exit short positions. There was no data supporting the move higher in yesterday’s session and focus would be on the UK GDP data that is scheduled to be reported later in the week. Expect rallies to be sold with 1.3250 as the immediate resistance.

Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP BBA Mortgage Approvals 38.5K 40.1K

EUR/USD TECHNICAL OUTLOOK : Aug 24, 2016, 09.51 AM

EUR/USD TECHNICAL OUTLOOK : Aug 24, 2016, 09.51 AM

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EUR/USD. Pair after opening at 1.1322 Made a high of 1.1355, and was trading with a positive bias, during the day ,but the pair has violated the recent range and any rise close to its 50DMA at 1.1133 is likely to find resistance and strong resistance near 200DMA at 1.1152 and now trading above the major resistance so if not able to pass 1.1366 is a shorting opportunity

Fundamental Overview

Euro is trading at 1.1296, retreating from the 1.1340 levels which were seen after mixed PMI data was reported from the EU yesterday. Manufacturing and services PMI were reported higher than expected. Investors continue to remain on the sidelines before the key event scheduled for Friday but Euro is likely to remain in the 1.1050-1.14 range.

Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR German GDP (QoQ) (Q2) 0.40% 0.40%

USDINR Currency Strategy Aug 24, 2016, 09.51 AM

USDINR Currency Strategy Aug 24, 2016, 09.51 AM


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TECHNICAL OUTLOOK

USDINR, the pair after opening at 67.23 and made a low of 67.10 and trading side wise session after pair breaking out few days back now 67.00-67.05 will act as a strong support in the pair on spot basis and any dip can be utilized to go long in the pair and short term resistance will come around 67.40 levels

Fundamental Overview

US dollar index is trading at 94.61; rebounding from the lows that were seen yesterday. New home sales that were reported yesterday came in better than expected, pushing the dollar higher. Markets eagerly wait for the central bankers’ retreat starting from Thursday, looking for direction of future monetary actions

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS

19:15:00 USD Manufacturing PMI (Aug) 52.7 52.9
19:30:00 USD Existing Home Sales (MoM) (Jul) -0.40% 1.10%
19:30:00 USD Existing Home Sales (Jul) 5.51M 5.57M
20:00:00 USD Crude Oil Inventories -0.825M -2.508M
20:00:00 USD Cushing Crude Oil Inventories -0.724M

Currency and Debt market : Aug 24, 2016, 09.51 AM

Currency and Debt market : Aug 24, 2016, 09.51 AM

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  • Government bonds recovered losses  to end little changed, as investors  stepped up purchases after the previous day slump while awaiting clarity  on the monetary policy stance under  the central bank’s next governor
• The benchmark 7.59% bond maturing in 2026 ended at | 102.90 against  the previous close of | 102.92
• The benchmark 7.59% 2026 bond yield remained unchanged at 7.16%.

Forex (US$/INR)  

• The rupee rose for the first time in four sessions against the dollar, as the  dollar weakened on caution ahead of US data later evening
• The dollar index against six major  currencies ended little changed at  94.54 as strength in major currencies ahead of the meeting of central  bankers in Jackson Hole led to profit booking in the US dollar.

US$/INR derivatives strategy: Sell August Contract
 • In the currency futures market, the most traded dollar-rupee August  contract on the NSE ended at 67.12.  The August contract open interest  fell 5.13% from the previous day
 • September contract open interest was up 5.14% from the previous day
 • We expect the US dollar to meet supply pressure on rallies. Utilise  upsides in dollar to initiate short strategy.

Rupee is likely to trade negative: Aug 24, 2016, 09.44 AM

Rupee is likely to trade negative: Aug 24, 2016, 09.44 AM
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Rupee is likely to trade negative as investors play safe ahead of the annual conference in Jackson Hole, Wyoming which is scheduled to be held tomorrow which has kept Asian markets pressurized.

US DOLLAR INDEX (USD) The American currency traded on a flat note percent yesterday as  investors now shift their attention towards the Jackson Hole  meeting where the US Fed chairwoman will give a statement.

Markets await more clarity on wh en the policymakers might raise  interest rates. Moreover, markets are discounting the FOMC meeting minutes  where the members of the committee were divided over when  the next rate rise should come. As per federal funds future rates,  only 12 percent traders  saw a chance of rate hike in Sep'16 from  24 percent.  The American currency made an intraday low of 94.20 and closed  at 94.49 on Tuesday.

 OUTLOOK Rupee is likely to trade negative as  investors play safe ahead of  the annual conference in Jackson Hole, Wyoming which is  scheduled to be held tomorrow which has kept Asian markets  pressurized. Moreover,  markets believe t hat the newly elected  RBI governor Urjit Patel being an inflation hawk will not rush in  cutting interest rates soon unless and until he is fully satisfied  with the inflation rate.

Debt investors to be in 'wait and watch' mode: Aug 24, 2016, 09.04 AM

Debt investors to be in 'wait and watch' mode: Aug 24, 2016, 09.04 AM

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The 10-year benchmark bond yield is likely to trade at 7.08-7.18 percent in the near term,

"In the absence of meaningful triggers, debt investors are likely to be in a 'wait and watch' mode.

The 10-year benchmark bond yield is likely to trade at 7.08-7.18 percent in the near term."

Expect importers' month-end USD demand to continue: Aug24:09.04Am

Expect importers' month-end USD demand to continue: Aug24:09.04Am

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We expect the USD-INR pair to trade in a range of 67.02-67.17/dollar today,

The focus for the dollar trading remains on Yellen's speech on Friday at Jackson Hole, where it is expected that Fed might signal rates to stay substantially lower over a longer period. "The month-end dollar demand from importers is expected to continue, so rupee gains will be limited. We expect the USD-INR pair to trade in a range of 67.02-67.17/dollar today," he added.

Rupee opens lower at 67.14 per dollar : Aug 24, 2016, 09.03 AM

Rupee opens lower at 67.14 per dollar : Aug 24, 2016, 09.03 AM
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We expect the USD-INR pair to trade in a range of 67.02-67.17/dollar today,

 The Indian rupee opened lower by 8 paise at 67.14 per dollar on Wednesday versus 67.06 Tuesday.

The focus for the dollar trading remains on Yellen's speech on Friday at Jackson Hole, where it is expected that Fed might signal rates to stay substantially lower over a longer period." "The month-end dollar demand from importers is expected to continue, so rupee gains will be limited. We expect the USD-INR pair to trade in a range of 67.02-67.17/dollar today,"

 The dollar index hold steady as investors reassess the outlook for US monetary tightening.

Nse Currency Tips, 1st Session: 24.Aug.2016

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

9.14 am : Buy USDINR (AUG) SA 67.24 SL 67.13 Target 67.34 / 67.42 / 67.50
9.14 am : Sell USDINR (AUG) SB 67.08 SL 67.19 Target 66.98 / 66.90 / 66.82
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.25 

9.14 am : Buy EURINR (AUG) SA 75.93 SL 75.82 Target 76.03 / 76.11 / 76.19
9.14 am : Sell EURINR (AUG) SB 75.77 SL 75.88 Target 75.67 / 75.59 / 75.51
 EURINR (AUG) : INTRADAY TREND : DOWN SL : 76.00 

9.14 am : Buy GBPINR (AUG) SA 88.59 SL 88.48 Target 88.69 / 88.77 / 88.85
9.14 am : Sell GBPINR (AUG) SB 88.43 SL 88.54 Target 88.33 / 88.25 / 88.17
 GBPINR (AUG) : INTRADAY TREND : UP SL : 88.30 

9.14 am : Buy JPYINR (AUG) SA 66.96 SL 66.85 Target 67.06 / 67.14 / 67.22
9.14 am : Sell JPYINR (AUG) SB 66.80 SL 66.91 Target 66.70 / 66.62 / 66.54
 JPYINR (AUG) : INTRADAY TREND : UP SL : 66.85

24.Aug.2016 - INDIAN CURRENCY INTRADAY SUPPORT RESISTANCE LEVELS


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Buy Bankbaroda Fut Sa 159 SL 157.2 Target 160.8 / 162.5 / 164.3 Profit Per Lot Rs. 18500
Short BPCL Fut Sb 593 SL 599.6 Target 586.4 / 579.8 / 573.3 Profit Per Lot Rs.23700
Short BHEL Fut Sb 140 SL 141.6 Target 138.4 / 136.9 / 135.3 Profit Per Lot Rs. 23310
Buy IDEA Fut Sa 95.1 SL 92.9 Target 97.3 / 99.4 / 101.6 Profit Per Lot Rs. 32500
Buy Bharatforge Fut Sa 840 SL 825.6 Target 854.4 / 868.7 / 883.1 Profit Per Lot Rs. 17200

23.Aug.2016: Profit Rs.33500 Per Lot in STOCK OPTION PREMIUM TIPS TODAY

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STRIKE PRICE 590PE: BUY BPCL PUT OPTION SA 10 SL 5 TGT 12 / 14 / 16 (Profit Rs.7200 per lot)
STRIKE PRICE 160CE: BUY BANKBARODA CALL OPTION SA 2.75 SL 1.00 TGT 3.75 / 4.75 / 5.75 (Profit Rs.7000 per lot)
STRIKE PRICE 740PE: BUY AUROPHARMA PUT OPTION SA 17.50 SL 12.50 TGT 19.50 / 21.50 / 23.50 (Profit Rs.2800 per lot)
STRIKE PRICE 140PE: BUY BHEL PUT OPTION SA 3.00 SL 1.50 TGT 3.50 / 4.00 / 4.50 (Profit Rs.7500 per lot)
STRIKE PRICE 840CE: BUY BHARATFORG CALL OPTION SA 13 SL 3 TGT 18 / 23 / 28 (Profit Rs.9000 per lot) 

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SHORT COPPER SB 317 SL 322 TGT 315 / 313 / 311 (Profit Rs.2000 per lot)
BUY CRUDEOIL SA 3200 SL 3140 TGT 3220 / 3240 / 3260 (Profit Rs.4000 per lot)
BUY GOLD SA 31330 SL 31200 TGT 31405 / 31475 / 31550 (Profit Rs.7500 per lot)
SHORT LEAD SB 124 SL 125.50 TGT 123.50 / 123 / 122.50 (Profit Rs.2500 per lot)
BUY NATURALGAS SA 181 SL 177 TGT 183 / 185 /187 (Profit Rs.2500 per lot)
BUY SILVER SA 44750 SL 44300 TGT 44880 / 45010 / 45200 (Profit Rs.3900 per lot) 

23.Aug.2016: Profit 58 Paise in CURRENCY TIPS, CURRENCY PREMIUM PACK TODAY

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SHORT USDINR SB 67.19 SL 67.49 TGT 67.11 / 67.01 / 66.91 (Profit 8 Paise)
SHORT EURINR SB 76.11 SL 76.41 TGT 76.01 / 75.90 / 75.80 (Profit 10 Paise)
BUY GBPINR SA 88.35 SL 88.05 TGT 88.45 / 88.55 / 88.65 (Profit 30 Paise)
BUY JPYINR SA 67.00 SL 66.70 TGT 67.10 / 67.20 / 67.30 (Profit 10 Paise)

INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) :23.08.2016 - 18.58Pm

 INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) :23.08.2016 - 18.58Pm
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6:57 PM INTRADAY Buy EURUSD SA 1.1343 SL 1.1329 Target 1.1353 / 1.1364 / 1.1375
6:57 PM INTRADAY Sell EURUSD SB 1.1317 SL 1.1331 Target 1.1307 / 1.1296 / 1.1285

6:57 PM INTRADAY Buy GBPUSD SA 1.3199 SL 1.3185 Target 1.3209 / 1.3220 / 1.3231
6:57 PM INTRADAY Sell GBPUSD SB 1.3173 SL 1.3187 Target 1.3163 / 1.3152 / 1.3141

6:57 PM INTRADAY Buy USDCHF SA 0.9627 SL 0.9613 Target 0.9637 / 0.9648 / 0.9659
6:57 PM INTRADAY Sell USDCHF SB 0.9601 SL 0.9615 Target 0.9591 / 0.9580 / 0.9569

6:57 PM INTRADAY Buy USDJPY SA 100.22 SL 100.08 Target 100.32 / 100.43 / 100.54
6:57 PM INTRADAY Sell USDJPY SB 99.96 SL 100.10 Target 99.86 / 99.75 / 99.64

6:57 PM INTRADAY Buy USDCAD SA 1.2922 SL 1.2908 Target 1.2932 / 1.2943 / 1.2954
6:57 PM INTRADAY Sell USDCAD SB 1.2896 SL 1.2910 Target 1.2886 / 1.2875 / 1.2864

6:57 PM INTRADAY Buy AUDUSD SA 0.7661 SL 0.7647 Target 0.7671 / 0.7682 / 0.7693
6:57 PM INTRADAY Sell AUDUSD SB 0.7635 SL 0.7649 Target 0.7625 / 0.7614 / 0.7603

6:57 PM INTRADAY Buy EURGBP SA 0.8607 SL 0.8593 Target 0.8617 / 0.8628 / 0.8639
6:57 PM INTRADAY Sell EURGBP SB 0.8581 SL 0.8595 Target 0.8571 / 0.8560 / 0.8549

6:57 PM INTRADAY Buy EURAUD SA 1.4829 SL 1.4815 Target 1.4839 / 1.4850 / 1.4861
6:57 PM INTRADAY Sell EURAUD SB 1.4803 SL 1.4817 Target 1.4793 / 1.4782 / 1.4771

6:57 PM INTRADAY Buy EURCHF SA 1.0907 SL 1.0893 Target 1.0917 / 1.0928 / 1.0939
6:57 PM INTRADAY Sell EURCHF SB 1.0881 SL 1.0895 Target 1.0871 / 1.0860 / 1.0849

6:57 PM INTRADAY Buy EURJPY SA 113.51 SL 113.37 Target 113.61 / 113.72 / 113.83
6:57 PM INTRADAY Sell EURJPY SB 113.25 SL 113.39 Target 113.15 / 113.04 / 112.93

Currency Market Update 23-08-2016 18:52

Currency Market Update 23-08-2016 18:52

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Currency Market Update
23-08-2016 18:52





EURUSD:Trend-Down
GBPUSD:Trend-UP
USDCHF:Trend-UP
USDJPY:Trend-Down
USDCAD:Trend-Down
AUDUSD:Trend-UP
EURGBP:Trend-Down
EURAUD:Trend-Down
EURCHF:Trend-UP
EURJPY:Trend-UP

Today Debt Market News : 23.08.2016

Today Debt Market News : 23.08.2016
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RBI to conduct overnight repo auction for Rs 100 bn on Aug 23
23/08/2016 16:46
The Reserve Bank of India will conduct Overnight variable rate reverse repo auction for a notified amount of Rs 100 billion on August 23, 2016.
The auction will be conducted between 4.15 pm and 4.45 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014, RBI said in a notification.
Successful offers will be accepted at their respective offered rates. Offers at or above the repo rate will be rejected.
The reversal of the Overnight variable rate reverse repo will take place on August 24, 2016.
*************************************************
GoI to sell four dated securities for Rs 14k cr on Aug 26
23/08/2016 11:20
The Reserve Bank of India said it will auction four dated government securities for Rs 14,000 crore on August 26 using multiple price method. “The auctions will be conducted using multiple price method,” RBI said in a notification. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 26, 2016. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced on August 26, 2016, it added.

Dollar slips lower as focus turns to Yellen : 23.08.2016

Dollar slips lower as focus turns to Yellen : 23.08.2016


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The dollar slipped lower against the other major currencies on Tuesday, as investors became more cautious ahead of Friday's speech y Federal Reserve Chair Janet Yellen.

Market participants are hoping Ms. Yellen will give further indications on the timing of future rate hikes.

The dollar moved broadly higher after San Francisco Federal Reserve President John Williams late last week signaled support for a September rate increase.

EUR/USD was up 0.11% at 1.1332, off session highs of 1.1355 after research group Markit reported that Germany's manufacturing purchasing managers' index slipped to a two-month low of 53.6 in August from 53.8 the previous month, confounding expectations for a slip to 53.5.

Germany's services PMI fell to a 15-month low of 53.3 this month from 54.4 in July, compared to expectations for an unchanged reading.

 Markit also said that the French manufacturing PMI ticked down to 48.5 in August from 48.6 last month, compared to expectations for a rise to 48.8.

 The French services PMI rose to 52.0 this month from 50.5 in July, beating expectations for an unchanged reading. For the entire euro zone, the composite PMI, which measures the combined output of both the manufacturing and service sectors ticked up to 53.3 in August from 53.2 in July, compared to expectations for a slip to 53.1. GBP/USD gained 0.36% to traede at 1.3181. USD/JPY slipped 0.15% to 100.17, while USD/CHF eased 0.09% to 0.9616.

 However, sentiment on the yen remained fragile after Bank of Japan Governor Haruhiko Kuroda said over the weekend that there is a 'sufficient chance' the central bank will implement additional easing measures at next month's policy meeting.

The Australian and New Zealand dollars were stronger, with AUD/USD up 0.28% at 0.7641 and with NZD/USD advancing 0.71% to 0.7324.

The New Zealand dollar strengthened after Reserve Bank of New Zealand Governor Wheeler said the bank's current interest rate policy involves further monetary easing measures but he said he did not see the need for a rapid series of rate cuts.

Elsewhere, USD/CAD shed 0.26% to 1.2912. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was down 0.17% at 94.36.

Currency Market Update 23-08-2016 16:02

Currency Market Update  23-08-2016 16:02

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Currency Market Update
23-08-2016 16:02





EURUSD:Trend-Down
GBPUSD:Trend-UP
USDCHF:Trend-UP
USDJPY:Trend-Down
USDCAD:Trend-Down
AUDUSD:Trend-UP
EURGBP:Trend-Down
EURAUD:Trend-Down
EURCHF:Trend-UP
EURJPY:Trend-UP

INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 15.55Pm

  INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 15.55Pm

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3:55 PM INTRADAY Buy EURUSD SA 1.1342 SL 1.1328 Target 1.1352 / 1.1363 / 1.1374
3:55 PM INTRADAY Sell EURUSD SB 1.1316 SL 1.1330 Target 1.1306 / 1.1295 / 1.1284

3:55 PM INTRADAY Buy GBPUSD SA 1.3199 SL 1.3185 Target 1.3209 / 1.3220 / 1.3231
3:55 PM INTRADAY Sell GBPUSD SB 1.3173 SL 1.3187 Target 1.3163 / 1.3152 / 1.3141

3:55 PM INTRADAY Buy USDCHF SA 0.9637 SL 0.9623 Target 0.9647 / 0.9658 / 0.9669
3:55 PM INTRADAY Sell USDCHF SB 0.9611 SL 0.9625 Target 0.9601 / 0.9590 / 0.9579

3:55 PM INTRADAY Buy USDJPY SA 100.32 SL 100.18 Target 100.42 / 100.53 / 100.64
3:55 PM INTRADAY Sell USDJPY SB 100.06 SL 100.20 Target 99.96 / 99.85 / 99.74

3:55 PM INTRADAY Buy USDCAD SA 1.2927 SL 1.2913 Target 1.2937 / 1.2948 / 1.2959
3:55 PM INTRADAY Sell USDCAD SB 1.2901 SL 1.2915 Target 1.2891 / 1.2880 / 1.2869

3:55 PM INTRADAY Buy AUDUSD SA 0.7651 SL 0.7637 Target 0.7661 / 0.7672 / 0.7683
3:55 PM INTRADAY Sell AUDUSD SB 0.7625 SL 0.7639 Target 0.7615 / 0.7604 / 0.7593

3:55 PM INTRADAY Buy EURGBP SA 0.8604 SL 0.8590 Target 0.8614 / 0.8625 / 0.8636
3:55 PM INTRADAY Sell EURGBP SB 0.8578 SL 0.8592 Target 0.8568 / 0.8557 / 0.8546

3:55 PM INTRADAY Buy EURAUD SA 1.4847 SL 1.4833 Target 1.4857 / 1.4868 / 1.4879
3:55 PM INTRADAY Sell EURAUD SB 1.4821 SL 1.4835 Target 1.4811 / 1.4800 / 1.4789

3:55 PM INTRADAY Buy EURCHF SA 1.0919 SL 1.0905 Target 1.0929 / 1.0940 / 1.0951
3:55 PM INTRADAY Sell EURCHF SB 1.0893 SL 1.0907 Target 1.0883 / 1.0872 / 1.0861

3:55 PM INTRADAY Buy EURJPY SA 113.65 SL 113.51 Target 113.75 / 113.86 / 113.97
3:55 PM INTRADAY Sell EURJPY SB 113.39 SL 113.53 Target 113.29 / 113.18 / 113.07

Usdinr Rupee Tips, 6th Session: 23.Aug.2016


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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

3.50 Pm : Buy USDINR (AUG) SA 67.23 SL 67.12 Target 67.33 / 67.41 / 67.49
3.50 Pm : Sell USDINR (AUG) SB 67.07 SL 67.18 Target 66.97 / 66.89 / 66.81
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.25 

3.50 Pm : Buy EURINR (AUG) SA 76.11 SL 76.00 Target 76.21 / 76.29 / 76.37
3.50 Pm : Sell EURINR (AUG) SB 75.95 SL 76.06 Target 75.85 / 75.77 / 75.69
 EURINR (AUG) : INTRADAY TREND : UP SL : 75.95 

3.50 Pm : Buy GBPINR (AUG) SA 88.60 SL 88.49 Target 88.70 / 88.78 / 88.86
3.50 Pm : Sell GBPINR (AUG) SB 88.44 SL 88.55 Target 88.34 / 88.26 / 88.18
 GBPINR (AUG) : INTRADAY TREND : UP SL : 88.30 

3.50 Pm : Buy JPYINR (AUG) SA 67.03 SL 66.92 Target 67.13 / 67.21 / 67.29
3.50 Pm : Sell JPYINR (AUG) SB 66.87 SL 66.98 Target 66.77 / 66.69 / 66.61
 JPYINR (AUG) : INTRADAY TREND : UP SL : 66.85 

Royal Rupee Tips, 5th Session: 23.Aug.2016

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

2.50 Pm : Buy USDINR (AUG) SA 67.23 SL 67.12 Target 67.33 / 67.41 / 67.49
2.50 Pm : Sell USDINR (AUG) SB 67.07 SL 67.18 Target 66.97 / 66.89 / 66.81
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.25 

2.50 Pm : Buy EURINR (AUG) SA 76.15 SL 76.04 Target 76.25 / 76.33 / 76.41
2.50 Pm : Sell EURINR (AUG) SB 75.99 SL 76.10 Target 75.89 / 75.81 / 75.73
 EURINR (AUG) : INTRADAY TREND : UP SL : 75.95 

2.50 Pm : Buy GBPINR (AUG) SA 88.58 SL 88.47 Target 88.68 / 88.76 / 88.84
2.50 Pm : Sell GBPINR (AUG) SB 88.42 SL 88.53 Target 88.32 / 88.24 / 88.16
 GBPINR (AUG) : INTRADAY TREND : UP SL : 88.20 

2.50 Pm : Buy JPYINR (AUG) SA 67.06 SL 66.95 Target 67.16 / 67.24 / 67.32
2.50 Pm : Sell JPYINR (AUG) SB 66.90 SL 67.01 Target 66.80 / 66.72 / 66.64
 JPYINR (AUG) : INTRADAY TREND : UP SL : 66.80 

RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 23.Aug.2016

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RBI REFERENCE RATE

As on 23
.Aug.2016 at 12.00Pm Hrs(IST)

USDINR : 67.0885

EURINR : 76.0381
GBPINR : 88.2885
JPYINR  : 67.0300
=======================================================================

Nse Rupee Tips, 4th Session: 23.Aug.2016


 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

1.05 Pm : Buy USDINR (AUG) SA 67.20 SL 67.09 Target 67.30 / 67.38 / 67.46
1.05 Pm : Sell USDINR (AUG) SB 67.04 SL 67.15 Target 66.94 / 66.86 / 66.78
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.25 

1.05 Pm : Buy EURINR (AUG) SA 76.21 SL 76.10 Target 76.31 / 76.39 / 76.47
1.05 Pm : Sell EURINR (AUG) SB 76.05 SL 76.16 Target 75.95 / 75.87 / 75.79
 EURINR (AUG) : INTRADAY TREND : UP SL : 75.95 

1.05 Pm : Buy GBPINR (AUG) SA 88.65 SL 88.54 Target 88.75 / 88.83 / 88.91
1.05 Pm : Sell GBPINR (AUG) SB 88.49 SL 88.60 Target 88.39 / 88.31 / 88.23
 GBPINR (AUG) : INTRADAY TREND : UP SL : 88.20 

1.05 Pm : Buy JPYINR (AUG) SA 67.14 SL 67.03 Target 67.24 / 67.32 / 67.40
1.05 Pm : Sell JPYINR (AUG) SB 66.98 SL 67.09 Target 66.88 / 66.80 / 66.72
 JPYINR (AUG) : INTRADAY TREND : UP SL : 66.80