Currency Headlines
Yen Drops for Fifth Week on Post-Election Stimulus Speculation GB£
The yen slumped for a fifth week against the dollar, the longest streak since March, before Japanese opposition leader Shinzo Abe, an advocate of unlimited monetary stimulus, is projected to win weekend elections.
The 17-nation euro gained against all of its major peers after European Union finance ministers agreed to put the European Central Bank in charge of the area’s lenders. The dollar fell against the majority of its most-traded peers as the Federal Reserve said it will buy an additional $45 billion of Treasuries a month, which may debase the currency. The Japanese currency reached an almost nine-month low as the Bank of Japan (8301) said its Tankan index for large companies fell to its lowest level since March 2010
Spanish Bonds Rise After Debt Sale, EU Agreement on Greek Aid
Spanish bonds advanced for a third week in four as borrowing costs fell at a debt sale and after European leaders signed off on the next aid tranche for Greece, stoking optimism the euro-region debt crisis is being contained.
Greece’s 10-year debt rose for a sixth week after the nation said it had reached a deal to buy back some of its sovereign securities. Similar-maturity German bunds fell as European Union leaders approved the payout of 49.1 billion euros ($64.3 billion) of loans for Greece through March and laying the groundwork for a supra-national bank supervisor, damping demand for the safest assets. Spain sold 2.02 billion euros of government debt.
TECHNICAL INSIGHT USD INR (DEC – Expiry)
US dollar seems to be in range. The opportunity can be both sides
Buy near 54.30 SL 54.15 for possible TGT of 54.50/54.70/54.95 OR Sell near 55 SL 55.20 for possible TGT of 54.80/54.60/54.30
EUR INR (DEC – Expiry)
Euro has shown strong up moves vs USD globally, it can be considered BUY against INR also.
Buy near 71.15 SL 71 possible TGT 71.34/71.50/71.67
GBP INR (DEC – Expiry)
Pound is facing pressure at higher levels. Also supports are nearby. The opportunity can be taken both sides
Sell near 88. 35 SL 88.57 possible TGT 88.19/88.02/88.86 OR Buy near 87.69 SL of 87.55 for possible TGT 87.86/88.02/88.19/88.35 JPY INR (DEC – Expiry)
YEN INR (DEC - EXPIRY)
Yen is showing weakness BUT it is getting support at lower levels. The Currency looks "Oversold" .Thus, making it good Buy on dips chart.
Buy near 64.88 SL 64.75 possible TGT 65.02/65.19/65.35/65.53
Yen Drops for Fifth Week on Post-Election Stimulus Speculation GB£
The yen slumped for a fifth week against the dollar, the longest streak since March, before Japanese opposition leader Shinzo Abe, an advocate of unlimited monetary stimulus, is projected to win weekend elections.
The 17-nation euro gained against all of its major peers after European Union finance ministers agreed to put the European Central Bank in charge of the area’s lenders. The dollar fell against the majority of its most-traded peers as the Federal Reserve said it will buy an additional $45 billion of Treasuries a month, which may debase the currency. The Japanese currency reached an almost nine-month low as the Bank of Japan (8301) said its Tankan index for large companies fell to its lowest level since March 2010
Spanish Bonds Rise After Debt Sale, EU Agreement on Greek Aid
Spanish bonds advanced for a third week in four as borrowing costs fell at a debt sale and after European leaders signed off on the next aid tranche for Greece, stoking optimism the euro-region debt crisis is being contained.
Greece’s 10-year debt rose for a sixth week after the nation said it had reached a deal to buy back some of its sovereign securities. Similar-maturity German bunds fell as European Union leaders approved the payout of 49.1 billion euros ($64.3 billion) of loans for Greece through March and laying the groundwork for a supra-national bank supervisor, damping demand for the safest assets. Spain sold 2.02 billion euros of government debt.
TECHNICAL INSIGHT USD INR (DEC – Expiry)
US dollar seems to be in range. The opportunity can be both sides
Buy near 54.30 SL 54.15 for possible TGT of 54.50/54.70/54.95 OR Sell near 55 SL 55.20 for possible TGT of 54.80/54.60/54.30
EUR INR (DEC – Expiry)
Euro has shown strong up moves vs USD globally, it can be considered BUY against INR also.
Buy near 71.15 SL 71 possible TGT 71.34/71.50/71.67
GBP INR (DEC – Expiry)
Pound is facing pressure at higher levels. Also supports are nearby. The opportunity can be taken both sides
Sell near 88. 35 SL 88.57 possible TGT 88.19/88.02/88.86 OR Buy near 87.69 SL of 87.55 for possible TGT 87.86/88.02/88.19/88.35 JPY INR (DEC – Expiry)
YEN INR (DEC - EXPIRY)
Yen is showing weakness BUT it is getting support at lower levels. The Currency looks "Oversold" .Thus, making it good Buy on dips chart.
Buy near 64.88 SL 64.75 possible TGT 65.02/65.19/65.35/65.53
