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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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


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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


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