morning call of usdinr target achieved made high 54.6650 and Euro achieved 2nd target of 71.33
WELCOME
Thursday, 13 December 2012
TECHNICAL Impact--13 dec 2012
TECHNICAL Impact
USD INR (DEC– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.3000 with a SL 54.2000 possible targets of 54.5500/54.7500/54.9000.
EUR INR (DEC – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.0300 with a SL 71.1300 possible targets of 70.8825/70.7600/70.6600.
OR
Buy above 71.1300 with a SL 71.0300 possible targets of 71.2525/71.3300/71.4575.
Currency Headlines
Yen falls against dollar before Bank of Japan report.
Yen is hovering near nine months low as the speculations have increased that Bank of Japan might come up with pessimistic approach and can recede the demand of the safe haven currency. Japanese manufacturer might show falling manufacturing figures which can increase selling in Japanese assets. The yen touched 83.64 per dollar, the weakest since March 21, before trading at 83.56. It fetched 109.36 per euro after earlier touching 109.39, the least since April 4. Europe’s shared currency bought $1.3088 after rising 1.1 percent in the previous three days. The dollar climbed to 85.53 on April 6, 2011, the highest since September 2010.
USD INR (DEC– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.3000 with a SL 54.2000 possible targets of 54.5500/54.7500/54.9000.
EUR INR (DEC – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.0300 with a SL 71.1300 possible targets of 70.8825/70.7600/70.6600.
OR
Buy above 71.1300 with a SL 71.0300 possible targets of 71.2525/71.3300/71.4575.
Currency Headlines
Yen falls against dollar before Bank of Japan report.
Yen is hovering near nine months low as the speculations have increased that Bank of Japan might come up with pessimistic approach and can recede the demand of the safe haven currency. Japanese manufacturer might show falling manufacturing figures which can increase selling in Japanese assets. The yen touched 83.64 per dollar, the weakest since March 21, before trading at 83.56. It fetched 109.36 per euro after earlier touching 109.39, the least since April 4. Europe’s shared currency bought $1.3088 after rising 1.1 percent in the previous three days. The dollar climbed to 85.53 on April 6, 2011, the highest since September 2010.
Subscribe to:
Posts (Atom)