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

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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

FOREX TRADING TIPS 26 AUGUST 2016

SELL GBPINR BELOW  88.65 TGT -88.55-88.45-88.35 SL 88.85 ABOVE CMP   88.65

FOREX TRADING TIPS INDIA

FOREX TRADING TIPS INDIA 24 AUGUST 2016

SELL GBPINR BELOW  88.55 TGT -88.45-88.35-88.25 SL 88.75 ABOVE CMP  88.5625


BUY JPYINR ABOVE 66.90 TGT  67-67.10-67.20 SL  BELOW  66.70 CMP 66.90


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DAILY FOREX SIGNAL: Dollar rises amid new U.S. rate hike hopes

The dollar rose against the other major currencies on Monday, as new hopes for a possible U.S. rate hike before the end of the year lent support to the greenback.

EUR/USD fell 0.26% to 1.1294, off the four-day low of 1.1270 hit overnight.

 GBP/USD rose 0.26% to 1.3107.

USD/JPY gained 0.44% to 100.65, while USD/CHF advanced 0.30% to 0.9631.

BUY GBPINR ABOVE 87.85 TGT -87.95-88.05-88.15 SL BELOW 87.65 CMP 87.8325

BUY EURINR ABOVE 75.80 TGT -75.90-76-76.10 SL BELOW 75.60 CMP 75.80


DAILY FOREX TRADING TIPS INDIA

FREE FOREX SIGNAL FOR 10 AUGUST 2016@GBPINR

SELL GBPINR BELOW  87.50  TGT -87.40-87.30-87.20 SL 87.70  ABOVE CMP  87.50

BUY JPYINR ABOVE 66.15 TGT -66.25-66.35-66.45 SL 65.95 BELOW CMP 66.15

SELL EURINR BELOW  74.65  TGT -74.55-74.45-74.35 SL 74.85  ABOVE CMP  74.6650

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SUPER FOREX SIGNALS@JPYINR,EURINR,GBPINR

SELL JPYINR BELOW  65.65 TGT -65.45-65.35-65.25 SL 65.85  ABOVE CMP  65.6925

SELL EURINR BELOW  74.40 TGT -74.30-74.20-74.10 SL 74.60  ABOVE CMP  74.42

SELL GBPINR BELOW  87.70 TGT -87.60-87.50-87.40 SL 87.90  ABOVE CMP  87.71

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Dollar edges higher but upside seen limited

The dollar edged higher against the other major currencies on Wednesday, but remained within close distance of a five-week trough as declining expectations for a U.S. rate hike in 2016 continued to weigh.

USD/JPY rose 0.33% to trade at 101.21, off Tuesday’s three-week low of 100.65.

The greenback found mild support after the Commerce Department said on Tuesday that personal spending increased more than expected, by 0.4% in June, while household spending also climbed 0.4% in May.

The report also showed that personal income rose 0.2%, falling short of forecasts of 0.3% growth.

But the greenback remained under pressure after Dallas Fed head Robert Kaplan urged caution on raising U.S. interest rates amid a raft of risks facing the global economy.

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Dollar eases off 5-week lows vs. other majors

The dollar edged up and pulled away from a five-week low against the other major currencies on Monday, as markets digested the downbeat U.S. growth data released on Friday and eyed an upcoming report on U.S. manufacturing activity due later in the day.

USD/JPY added 0.15% to trade at 102.18, easing off Friday’s three-week trough of 101.94.

The dollar recovered from sharp losses posted after the Bank of Japan approved only moderate stimulus measures at Friday monetary policy meeting, disappointing markets which were hoping for much more aggressive easing.

While the BoJ eased its monetary policy further by increasing its purchases of exchange-traded funds, it opted not to cut interest rates deeper into negative territory or increase the monetary base, as analysts had widely expected.

EUR/USD was little changed at 1.1167.

The pound slipped lower, with GBP/USD down 0.32% at 1.3186, while USD/CHF slipped 0.12% to 0.9778.

BUY JPYINR ABOVE  65.35 TGT -65.45.-65.55-65.65  SL 65.15 BELOW CMP 65.35

 SELL GBPINR BELOW 88.85 TGT -88.75-88.65-88.55 SL 89.05 ABOVE CMP 88.87

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29 July FOREX TRADING TIPS

SELL EURINR BELOW  74.65 TGT 74.55-74.45-74.35 SL 74.85 ABOVE CMP 74.65



TSELL GBPINR BELOW  88.80 TGT 88.70-88.60-88.50 SL 89 ABOVE CMP 88.83


BUY  JPYINR ABOVE  65.05 TGT -65.15-65.25-65.35 SL 64.85 BELOW CMP 65.02


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27 JULY 2016 FOREX SIGNALS SELL @GBPINR, JPYINR

SELL GBPINR BELOW  88.25 TGT 88.15-88.05-87.95  SL 88.45 ABOVE CMP 88.25

SELL JPYINR BELOW  63.80 TGT 63.70-63.60-63.50  SL 64 ABOVE CMP 63.82

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European stocks open mixed in cautious trade; DAX up 0.06%

European stocks opened mixed on Tuesday, as inventors remained cautious ahead of this week’s policy meetings by the European Central Bank and the Bank of Japan.

During European morning trade, the EURO STOXX 50 added 0.07%, France’s CAC 40 slipped 0.21%, while Germany’s DAX 30 inched up 0.06%.
Upbeat U.S. data released that week continued to support expectations for a rate hike by the U.S. central bank in the near future.

While most investors expect the Fed to leave its monetary policy unchanged this week, it could give hints on the timing of future rate hikes.

Market participants were also looking ahead to Friday’s policy statement by the BoJ, amid growing expectations for the announcement of additional stimulus measures.

BUY  GBPINR ABOVE  88.45 TGT -88.55-88.65-88.75 SL 88.25 BELOW CMP 88.45

 

FOREX TRADING TIPS 

Dollar slips lower vs. rivals as sentiment recovers

 The dollar slipped lower against the other major currencies on Thursday, as market sentiment recovered after global growth concerns dampened demand for riskier assets earlier in the week, but the greenback was still within close distance of a four-month high.

EUR/USD edged up 0.09% to trade at 1.1023, pulling away from Wednesday’s one-month low of 1.0979.

Market sentiment improved amid growing speculation major central banks around the world will introduce stimulus measures in order to boost economic growth.

On Thursday, investors were especially looking ahead to the European Central Bank’s policy statement, due later in the day.

Sentiment had weakened after the International Monetary Fund on Tuesday down wardly revised its projection for global economic growth in 2016 to 3.1%, from the prior 3.2%, though expecting a rebound to 3.4% in 2017.

GBP/USD was little changed at 1.3203 after a weak U.K. retail sales report added to concerns over the outlook for British economic growth.

BUY EURINR ABOVE 74.20 TGT -74.30-74.40-74.50 SL 74 BELOW CMP 74.20

BUY GBPINR ABOVE 89 TGT -89.10-89.20-89.30 SL 88.80 BELOW CMP88.97


TODAY FOREX SIGNAL

TRADE NIVESH FOREX TRADING TIPS

SELL EURINR BELOW  74.35 TGT  74.25-74.15-74.05  SL 74.55 ABOVE CMP 74.36

SELL GBPINR BELOW  88.90 TGT  88.80-88.70-88.60  SL 89.10 ABOVE CMP 88.91

FOREX TRADING TIPS

FOREX TRADING SIGNALS BY TRADE NIVESH 15 JULY 2016

BUY GBPINR ABOVE 90 TGT -90.10-90.20-90.30 SL 89.70 BELOW CMP 90

SELL JPYINR BELOW  63.55 TGT  63.45-63.35-63.25   SL 63.85 ABOVE CMP 63.55


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