Saturday, June 6, 2015

Currency Market Training : What is the need of currency futures?

Currency Market Training :
What is the need of currency futures?
Currency futures are needed if your business is influenced by fluctuations in currency exchange rates. If you are in India and are importing something, you have done the costing of your imports on the basis of a certain exchange rate between the Indian Rupee and the relevant foreign currency. By the time you actually import, the value of the Indian Rupee may have gone down and you may lose out on your income in terms of Indian Rupees by paying higher. On the contrary, if you are exporting something and the value of the Indian Rupee has gone up, you earn less in terms of Rupees than you had anticipated. Currency futures help you hedge against these exchange rate risks.
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Currency Market Training : Which are the global exchanges that provide trading in currency futures?

Currency Market Training :
Which are the global exchanges that provide trading in currency futures?
Internationally, exchanges such as Chicago Mercantile Exchange (CME), Johannesburg Stock Exchange, Euronext.liffe, BM&FBOVESPA and Tokyo Financial Exchange provide trading in currency futures
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Currency Market Training : Who can trade in Currency futures markets in India?

Currency Market Training :
Who can trade in Currency futures markets in India?
Any resident Indian or company including banks and financial institutions can participate in the futures market. However, at present, Foreign Institutional Investors (FIIs) and Non-Resident Indians (NRIs) are not permitted to participate in currency futures market.
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Currency Market Training : Who is eligible to trade in Currency Derivatives?

Currency Market Training :
Who is eligible to trade in Currency Derivatives?
All Resident Indians as defined in section 2(v) of the Foreign Exchange Management Act, 1999 (FEMA, Act 42 of 1999) are eligible to trade in the Currency Derivatives segment. For participation by regulated entities, concurrence from respective regulators should be obtained. Currently, trading facility in Currency Futures at I-Sec will be offered to all Resident Individuals / HUFs / eligible Corporates fulfilling the FEMA criteria.
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Currency Market Training : Who trades Foreign Exchanges?

Currency Market Training :
Who trades Foreign Exchanges?
There are two main groups that trade currencies. About 5 - 10 percent of daily volume is from companies and governments that buy or sell products and services in a foreign country and must subsequently convert profits made in foreign currencies into their own domestic currency in the course of doing business. This is primarily hedging activity. The other 90 - 95 percent consists of investors trading for profit, or speculation. Speculators range from large banks trading 10,000,000 million currency units or more and the home-based operator trading perhaps 10,000 units or less. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders, and hedge funds all use the FOREX market to pay for goods and services, to transact in financial assets, or to reduce the risk of currency movements by hedging their exposure in other markets. The speculator trades to make a profit by purchasing one currency and simultaneously selling another. The hedger trades to protect his or her margin on an international sale from adverse currency fluctuations. The hedger has an intrinsic interest in one side of the market or the other. The speculator does not.
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Currency Market Training : Why exchange-traded futures? What's wrong with the currency forward market that has been existing in India for a long time?

Currency Market Training :
Why exchange-traded futures? What's wrong with the currency forward market that has been existing in India for a long time?
The exchange-traded futures, as compared to OTC forwards, serve the same economic purpose, yet differ in fundamental ways. Exchange-traded contracts are standardised. In an exchange-traded scenario where the market lot is fixed at a much lesser size than the OTC market, equitable opportunity is provided to all classes of investors whether large or small to participate in the futures market. The other advantages of an Exchange traded market would be greater transparency, efficiency and accessibility. The counterparty risk (credit risk) in a futures contract is eliminated by the presence of a clearing house/ corporation, which by assuming counterparty guarantee, eliminates default risk. Thus, introduction of exchange-traded futures help in overall development of the forex market in the country
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Currency Market Training : Why should one trade in Indian exchanges as compared to international exchanges?

Currency Market Training :
Why should one trade in Indian exchanges as compared to international exchanges?
Indian currency futures enable individuals and companies in India to hedge and trade their Indian Rupee risk. Most international exchanges offer contracts denominated in other currencies.
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Friday, June 5, 2015

FREE CURRENCY SUPPORT AND RESISTANCE LEVELS : 08.06.2015



USDINR ( 26-Jun-15 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 63.92 / 63.83 / 63.65 . And the upperside, it has Strong Resistance @ 64.11 upperside, it may test Resistance Levels such as 64.20 / 64.38 / 64.48 . Currently USDINR is Trading @ 64.02

 EURINR ( 26-Jun-15 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 71.66 / 71.45 / 71.08 . And the upperside, it has Strong Resistance @ 72.03 upperside, it may test Resistance Levels such as 72.24 / 72.61 / 72.81 . Currently EURINR is Trading @ 71.87

 GBPINR ( 26-Jun-15 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 97.67 / 97.37 / 96.81 . And the upperside, it has Strong Resistance @ 98.22 upperside, it may test Resistance Levels such as 98.53 / 99.08 / 99.38 . Currently GBPINR is Trading @ 97.97

 JPYINR ( 26-Jun-15 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 51.17 / 51.05 / 50.82 . And the upperside, it has Strong Resistance @ 51.40 upperside, it may test Resistance Levels such as 51.52 / 51.76 / 51.88 . Currently JPYINR is Trading @ 51.29 
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FREE CURRENCY RESEARCH ANALYSIS : 08.06.2015


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FREE CURRENCY VOLUME ANALYSIS :08.06.2015


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SUCCESS IN CURRENCY CORPORATE PACK TODAY: 5.Jun.2015

* GBPINR ACHIEVED OUR TRIPLE TARGETS (Profit 33 Paise)
* USDINR ACHIEVED OUR FIRST TARGET (Profit 10 Paise)

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FREE CURRENCY STBT (SELL TODAY BUY TOMORROW) TIPS FOR TODAY:5.Jun.2015

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

 4:48 PM : Sell USDINR (JUN) SB 63.97 SL 64.0800 Target 63.8700 / 63.7900 / 63.71
4:48 PM : Sell EURINR (JUN) SB 71.80 SL 71.9100 Target 71.7000 / 71.6200 / 71.54
4:48 PM : Sell GBPINR (JUN) SB 97.91 SL 98.0200 Target 97.8100 / 97.7300 / 97.65
4:48 PM : Sell JPYINR (JUN) SB 51.20 SL 51.3100 Target 51.1000 / 51.0200 / 50.94
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FREE CURRENCY BTST (BUY TODAY SELL TOMORROW) TIPS FOR TODAY:5.Jun.2015

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

4:48 PM : Buy USDINR (JUN) SA 64.13 SL 64.0200 Target 64.2300 / 64.3100 / 64.39
4:48 PM : Buy EURINR (JUN) SA 71.96 SL 71.8500 Target 72.0600 / 72.1400 / 72.22
4:48 PM : Buy GBPINR (JUN) SA 98.07 SL 97.9600 Target 98.1700 / 98.2500 / 98.33
4:48 PM : Buy JPYINR (JUN) SA 51.36 SL 51.2500 Target 51.4600 / 51.5400 / 51.62
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Indian Currency Futures Tips, 10th Session: 5.Jun.2015

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

 4:28 PM : Buy USDINR (JUN) SA 64.14 SL 64.03 Target 64.24 / 64.32 / 64.40
4:28 PM : Sell USDINR (JUN) SB 63.98 SL 64.09 Target 63.88 / 63.80 / 63.72
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 64.17 

 4:28 PM : Buy EURINR (JUN) SA 71.95 SL 71.84 Target 72.05 / 72.13 / 72.21
4:28 PM : Sell EURINR (JUN) SB 71.79 SL 71.90 Target 71.69 / 71.61 / 71.53
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.20 

 4:28 PM : Buy GBPINR (JUN) SA 98.03 SL 97.92 Target 98.13 / 98.21 / 98.29
4:28 PM : Sell GBPINR (JUN) SB 97.87 SL 97.98 Target 97.77 / 97.69 / 97.61
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 98.26 

 4:28 PM : Buy JPYINR (JUN) SA 51.38 SL 51.27 Target 51.48 / 51.56 / 51.64
4:28 PM : Sell JPYINR (JUN) SB 51.22 SL 51.33 Target 51.12 / 51.04 / 50.96
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.41 
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Rupeedesk Currency Tips, 9th Session: 5.Jun.2015

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

 4:03 PM : Buy USDINR (JUN) SA 64.19 SL 64.08 Target 64.29 / 64.37 / 64.45
4:03 PM : Sell USDINR (JUN) SB 64.03 SL 64.14 Target 63.93 / 63.85 / 63.77
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 64.20 

 4:03 PM : Buy EURINR (JUN) SA 72.17 SL 72.06 Target 72.27 / 72.35 / 72.43
4:03 PM : Sell EURINR (JUN) SB 72.01 SL 72.12 Target 71.91 / 71.83 / 71.75
 EURINR (JUN) : INTRADAY TREND : UP SL : 71.95 

 4:03 PM : Buy GBPINR (JUN) SA 98.25 SL 98.14 Target 98.35 / 98.43 / 98.51
4:03 PM : Sell GBPINR (JUN) SB 98.09 SL 98.20 Target 97.99 / 97.91 / 97.83
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 98.36 

 4:03 PM : Buy JPYINR (JUN) SA 51.48 SL 51.37 Target 51.58 / 51.66 / 51.74
4:03 PM : Sell JPYINR (JUN) SB 51.32 SL 51.43 Target 51.22 / 51.14 / 51.06
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.44 
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Live Forex Calls, 8th Session: 5.Jun.2015

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

 3:02 PM : Buy USDINR (JUN) SA 64.21 SL 64.10 Target 64.31 / 64.39 / 64.47
3:02 PM : Sell USDINR (JUN) SB 64.05 SL 64.16 Target 63.95 / 63.87 / 63.79
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 64.25 

 3:02 PM : Buy EURINR (JUN) SA 72.27 SL 72.16 Target 72.37 / 72.45 / 72.53
3:02 PM : Sell EURINR (JUN) SB 72.11 SL 72.22 Target 72.01 / 71.93 / 71.85
 EURINR (JUN) : INTRADAY TREND : UP SL : 71.95 

 3:02 PM : Buy GBPINR (JUN) SA 98.23 SL 98.12 Target 98.33 / 98.41 / 98.49
3:02 PM : Sell GBPINR (JUN) SB 98.07 SL 98.18 Target 97.97 / 97.89 / 97.81
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 98.40 

 3:02 PM : Buy JPYINR (JUN) SA 51.46 SL 51.35 Target 51.56 / 51.64 / 51.72
3:02 PM : Sell JPYINR (JUN) SB 51.30 SL 51.41 Target 51.20 / 51.12 / 51.04
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.46 
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Jpyinr Intraday Calls, 7th Session: 5.Jun.2015

FREE CURRENCY TIPS - RUPEEDESK 
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 
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 2:03 PM : Buy USDINR (JUN) SA 64.23 SL 64.12 Target 64.33 / 64.41 / 64.49
2:03 PM : Sell USDINR (JUN) SB 64.07 SL 64.18 Target 63.97 / 63.89 / 63.81
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 64.25 

 2:03 PM : Buy EURINR (JUN) SA 72.31 SL 72.20 Target 72.41 / 72.49 / 72.57
2:03 PM : Sell EURINR (JUN) SB 72.15 SL 72.26 Target 72.05 / 71.97 / 71.89
 EURINR (JUN) : INTRADAY TREND : UP SL : 71.95 

 2:03 PM : Buy GBPINR (JUN) SA 98.34 SL 98.23 Target 98.44 / 98.52 / 98.60
2:03 PM : Sell GBPINR (JUN) SB 98.18 SL 98.29 Target 98.08 / 98.00 / 97.92
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 98.49 

 2:03 PM : Buy JPYINR (JUN) SA 51.50 SL 51.39 Target 51.60 / 51.68 / 51.76
2:03 PM : Sell JPYINR (JUN) SB 51.34 SL 51.45 Target 51.24 / 51.16 / 51.08
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.53 
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RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 05.Jun.2015

RBI REFERENCE RATE

As on 5.Jun.2015 at 12.00Pm Hrs(IST)

USDINR : 63.8955
EURINR : 71.8185
GBPINR : 97.9774
JPYINR  : 51.3300
=======================================================================
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Currency Tips India, 6th Session: 5.Jun.2015

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

 1:01 PM : Buy USDINR (JUN) SA 64.23 SL 64.12 Target 64.33 / 64.41 / 64.49
1:01 PM : Sell USDINR (JUN) SB 64.07 SL 64.18 Target 63.97 / 63.89 / 63.81
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 64.25 

 1:01 PM : Buy EURINR (JUN) SA 72.18 SL 72.07 Target 72.28 / 72.36 / 72.44
1:01 PM : Sell EURINR (JUN) SB 72.02 SL 72.13 Target 71.92 / 71.84 / 71.76
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.24 

 1:01 PM : Buy GBPINR (JUN) SA 98.27 SL 98.16 Target 98.37 / 98.45 / 98.53
1:01 PM : Sell GBPINR (JUN) SB 98.11 SL 98.22 Target 98.01 / 97.93 / 97.85
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 98.49 

 1:01 PM : Buy JPYINR (JUN) SA 51.49 SL 51.38 Target 51.59 / 51.67 / 51.75
1:01 PM : Sell JPYINR (JUN) SB 51.33 SL 51.44 Target 51.23 / 51.15 / 51.07
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.55 
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Rupeedesk Forex Tips, 5th Session: 5.Jun.2015

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

 12:30 PM : Buy USDINR (JUN) SA 64.22 SL 64.11 Target 64.32 / 64.40 / 64.48
12:30 PM : Sell USDINR (JUN) SB 64.06 SL 64.17 Target 63.96 / 63.88 / 63.80
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 64.25 

 12:30 PM : Buy EURINR (JUN) SA 72.19 SL 72.08 Target 72.29 / 72.37 / 72.45
12:30 PM : Sell EURINR (JUN) SB 72.03 SL 72.14 Target 71.93 / 71.85 / 71.77
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.24 

 12:30 PM : Buy GBPINR (JUN) SA 98.38 SL 98.27 Target 98.48 / 98.56 / 98.64
12:30 PM : Sell GBPINR (JUN) SB 98.22 SL 98.33 Target 98.12 / 98.04 / 97.96
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 98.60 

 12:30 PM : Buy JPYINR (JUN) SA 51.61 SL 51.50 Target 51.71 / 51.79 / 51.87
12:30 PM : Sell JPYINR (JUN) SB 51.45 SL 51.56 Target 51.35 / 51.27 / 51.19
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.62 

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Gbpinr Rupee Tips, 4th Session: 5.Jun.2015

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

 12:05 PM : Buy USDINR (JUN) SA 64.26 SL 64.15 Target 64.36 / 64.44 / 64.52
12:05 PM : Sell USDINR (JUN) SB 64.10 SL 64.21 Target 64.00 / 63.92 / 63.84
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 64.28 

 12:05 PM : Buy EURINR (JUN) SA 72.10 SL 71.99 Target 72.20 / 72.28 / 72.36
12:05 PM : Sell EURINR (JUN) SB 71.94 SL 72.05 Target 71.84 / 71.76 / 71.68
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.24 

 12:05 PM : Buy GBPINR (JUN) SA 98.50 SL 98.39 Target 98.60 / 98.68 / 98.76
12:05 PM : Sell GBPINR (JUN) SB 98.34 SL 98.45 Target 98.24 / 98.16 / 98.08
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 98.68 

 12:05 PM : Buy JPYINR (JUN) SA 51.64 SL 51.53 Target 51.74 / 51.82 / 51.90
12:05 PM : Sell JPYINR (JUN) SB 51.48 SL 51.59 Target 51.38 / 51.30 / 51.22
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.63 
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