Currency Reports
Know our expert take on short term outlook on currencies based on technical analysis.
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Daily Technical Report:26 April 2024
Daily Technical Report:26 April 202426 Apr 2024
The USDX finished the day 0.2% lower after US GDP missed expectations (1.6% v/s 3.4% prior) and Core PCE exceeded them (3.7% v/s 2% previously) as stagflation risks were re-ignited. Earlier, -
Daily Technical Report:25 April 2024
Daily Technical Report:25 April 202425 Apr 2024
The USDX seems to have stalled on its way down backed by a rising US 10-year bond, which was holding above the 4.60% level. -
Daily Technical Report:24 April 2024
Daily Technical Report:24 April 202424 Apr 2024
Data showed that business activities in the US are growing, but at a slower rate due to a drop in employment. That kept the dollar pressured as it looked for a probe of 105.50. Meanwhile, the -
Weekly report:22 April 2024
Weekly report:22 April 202422 Apr 2024
The USD/INR gained marginally on the week due to an eruption of geopolitical risks in the Middle East, but Friday’s de- escalation after an initial risk-off saw a Bearish Engulfing pattern form on the daily chart. -
Daily Technical Report:Daily Technical Report
Daily Technical Report:Daily Technical Report18 Apr 2024
USDINR pair has been following the rally in the Dollar index and drifting higher EURINR has been showing some buying interest ~88.50 -
Daily Technical Report:Daily Currency Technical Report
Daily Technical Report:Daily Currency Technical Report16 Apr 2024
USDINR continues its upward drift EURINR moved lower below 89.00 after a negative open -
Weekly report:Weekly Currency Report
Weekly report:Weekly Currency Report15 Apr 2024
The shortened week found the USD/INR trade in the 83.10 – 83.50 range, The surge in the Dollar index exerted significant pressure on the Euro -
Daily Technical Report:12 April 2024
Daily Technical Report:12 April 202412 Apr 2024
The inflation data seems to be haunting the traders. -
Daily Technical Report:10 April 2024
Daily Technical Report:10 April 202410 Apr 2024
The USDINR commenced trading with a slight downward bias, gradually declining towards the 83.25 level.