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%

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

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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

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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11 july Forex tips - Dollar up more than 1% against yen as Japan stocks rally

The dollar rose more than 1% against the yen on Monday as Japanese stocks led a rally in Asian markets, boosted by a robust U.S. jobs report and hopes for additional economic stimulus in Japan.

USD/JPY hit highs of 101.95 and was last at 101.91, up 1.3% for the day. The pair had fallen to lows of 99.97 in the wake of Friday’s jobs report.

EUR/JPY advanced 1.22% to 112.43.

Japan’s Nikkei surged 3.98% after Prime Minister Shinzo Abe’s ruling coalition increased its majority in the upper house in parliamentary elections on Sunday.

The win for Abe’s coalition fed hopes for a fresh package of stimulus measures to spur economic growth.

Risk appetite had already been boosted after data on Friday showing that the U.S. economy added 287,000 jobs in June, well above the 175,000 jobs forecast by economists.

The stronger than expected jobs report indicated that the economic recovery is back on track.

SELL GBPINR BELOW 87.35 TGT 87.25-87.15-87.05 SL 87.55 ABOVE CMP 87.35-36

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TradeNivesh Forex tips - Sterling falls further in wake of Brexit, euro also weaker

The pound came under renewed selling pressure on Monday, falling back towards a 31-year trough after the U.K. voted to leave the European Union on Friday, triggering a massive selloff in global markets.

GBP/USD was last down 1.83% at 1.3427, after falling as low as 1.3356 overnight, not far from the lows of 1.3228 set on Friday, the weakest since 1985.

The vote could lead to a breakup of the U.K., with Scotland now highly likely to hold a second independence referendum.

The pound fell back towards two-year lows against the euro, with EUR/GBP rising 1.23% to 0.8227, closing in on Friday’s peaks of 0.8312.

The pound was down almost 2% against the yen, with GBP/USD at 137.13, after reaching a 3-1/2-year low of 133.65 on Friday.

The euro also came under pressure against the dollar and the safe haven yen amid fears that the impact of Brexit would cloud the outlook for the EU and the euro area economy.

EUR/USD slid 0.61% to 1.1047, while EUR/JPY was down 0.69% at 112.85.

The dollar was steady against the yen, with USD/JPY at 102.15, after falling to lows of 99.15 on Friday, the weakest level since November 2013.

SELL GBPINR BELOW 90.60 TGT 90.50-90.40-90.30 SL 90.80 ABOVE CMP 90.61-63

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European stocks surge in risk-on trade, financials lead; Dax up 2.95%

 European stocks surged on Monday, as concerns over a potential British exit from the European Union, or Brexit, eased and as rising oil prices lent support to the energy sector.

During European morning trade, the EURO STOXX 50 soared 3.14%, France’s CAC 40 -rallied 2.76%, while Germany’s DAX 30 surged 2.95%.

Brexit concerns subsided after two opinion polls published on Saturday showed that support for the 'Remain' campaign had regained its lead over a vote to leave, while a third showed momentum shifting in favor of a vote to remain in the 28 member bloc.

BUY JPYINR ABOVE 64.45 TGT -64.55-64.65-64.75 SL 64.25 BELOW

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Forex News- Pound touches day’s highs after UK data, gains checked

The pound touched the day’s highs against the dollar on Wednesday after data showing that U.K. industrial output rose at the fastest rate in nearly four years in April.

GBP/USD hit highs of 1.4579 immediately following the release of the data, before pulling back to 1.4531.

The Office for National Statistics said industrial production rose 2.0% in April after a 0.3% increase in March, the largest monthly increase since July 2012.

Manufacturing output rose 2.3% after a 0.1% increase in March, in what was also the fastest monthly increase since July 2012.

SELL EURINR BELOW  76.15 TGT-76.05-75.95-75.85 SL 76.35  ABOVE


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Dollar slips lower but remains broadly supported

The dollar slipped lower against the other major currencies on Thursday, as investors locked in profits from the greenback’s recent rally to two-month highs and awaited the release of U.S. jobless claims and durable goods orders data later in the day.

USD/JPY edged down 0.17% to 109.99.

The greenback continued to be underpinned by expectations that the Federal Reserve could raise interest rates in the near term after last week’s April Fed meeting minutes flagged a possible rate hike if the economy continues to improve.

However, investors remained cautious as G7 leaders held a summit meeting in Japan, amid persistent concerns over the strength of the global economy.

The G7 leaders were expected to reiterate their previous commitment to stability in the foreign exchange market.

EUR/USD rose 0.22% to 1.1178, pulling away from Tuesday’s two-month lows of 1.1132.

The euro gained ground after Greece and its creditors reached a deal on Wednesday to unlock €10 billion in bailout funds and trigger work on debt relief, easing concerns over another euro zone debt crisis.

The dollar was steady against the pound and the Swiss franc, with GBP/USD at 1.4701 and with USD/CHF at 0.9911.

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