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


FOREX TRADING TIPS

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

FOREX TRADING TIPS FREE

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