Forex - Dollar edges up after slipping on U.S. political concerns

The dollar edged higher against a basket of the other major currencies on Thursday, regaining ground after slipping in the previous session amid renewed concerns over U.S. political uncertainty.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.14% to 93.27 by 03:22 AM ET (07:22 GMT).

U.S. President Donald Trump threatened Tuesday to shut down the government to secure funding to build a wall along the U.S.-Mexican border. He also raised the prospect of pulling out of the North American Free Trade Agreement with Mexico and Canada.

The greenback has weakened recent sessions amid renewed investor concerns about the Trump administration's ability to deliver on its economic policy agenda.

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European markets open in green@22-Aug-2017

European markets opened higher during the early hours of trade on Tuesday as investors awaited the annual central banking conference in Jackson Hole later this week. 
 FTSE 100 index was trading at 7,363 levels, up by 45.76 points, CAC 40 index was trading at 5,116 levels, higher by 28.83 points, while the German DAX was at 12,147 levels, up by 81.63 points. While the pan-European Stoxx 600 was up by 0.4%

TRADE NIVESH FOREX TARDING TIPS TODAY

BUY EURINR ABOVE  73.30 TGT  73.40-73.50-73.60 SL BELOW  73  CMP  73.27

SELL JPYINR  BELOW  63.80 TGT  63.70-63.60-63.50 SL ABOVE 64 CMP  63.8175 

BUY GBPINR ABOVE  81.85 TGT  81.95-82.05-82.15 SL BELOW 81.65  CMP  81.82

FOREX TIPS

FOREX TRADING TIPS INDIA

BUY JPYINR ABOVE  64.35 TGT -64.45-64.64.65 SL BELOW  64.15 CMP 64.3425

SELL EURINR BELOW  73.35 TGT  73.25-73.15-73.05 SL ABOVE 73.55 CMP  73.3675

FOREX TIPS

FOREX TRADING TIPS 21 SEPTEMBER 2016

BUY JPYINR ABOVE 65.50 TGT -65.60-65.70-65.80 SL 65.30 BELOW CMP 65.4750

SELL USDINR BELOW 67.15 TGT  67.05-66.95-66.85 SL 67.35 ABOVE CMP  67.15


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Dollar slips from two-week high before Fed and BOJ meetings

The dollar fell from a two-week high on Monday, with a stronger oil price the chief theme in a market battening down the hatches ahead of central bank policy meetings in Japan and the United States.

Commodity-linked currencies including the Canadian, Australian and New Zealand dollars were all half a percent higher in early trade in Europe as crude rose 1.5 percent on the back of speculation about OPEC production controls.

Moves in the euro, yen and dollar were limited, with investors eyeing the chances of a shift in the Bank of Japan's policy toolkit and a U.S. Federal Reserve statement that points more clearly to a rise in interest rates this year.

BUY GBPINR ABOVE  87.45 TGT -87.55-87.65-87.75 SL 87.25 BELOW CMP 87.4375

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Dollar edges lower vs. rivals in subdued trade

The dollar edged lower against the other major currencies in subdued trade on Friday, as no major U.S. economic data was to be released throughout the day and as lower expectations for a 2016 U.S. rate hike continued to dampen demand for the greenback.

EUR/USD eased up 0.12% to 1.1272, off the previous session’s more than one-week highs of 1.1328.

The single currency strengthened after ECB President Mario Draghi said on Thursday that the current monetary policy is effective and the changes to the banks growth forecast are not so substantial as to warrant a decision to act.

DAILY FOREX TIPS