MUMBAI, May 06 - Dollar rate index makes a trading bottom at 72.68 against a basket of currencies and rallies to 74.04 .DXY, having risen 1.5 percent on Thursday, its biggest gain in over six months. It’s well off a three-year trough of 72.68.
The catalyst for the dollar’s rebound was a massive fall in commodities on Thursday. Brent crude [...]
MUMBAI, Feb 25 (www.GoldTradingCalls.com) - Traders booked profit in Euro Dollar rate hovering around on Friday at USD 1.3838 levels which was very close to it previous high achievied on Feb 2 , 2011.
We feel Euro Dollar forecast prices to retreat to USD 1.3644 levels being 1:1 prior retracement level and secondly, it also a 50% [...]
MUMBAI, Jan 30 (www.GoldTradingCalls.com) Dollar rupee forecast – is headed for a initial resistance levels at USD INR 46.10 and at INR 46.27 which is 61.8% retracement levels from a high at 47.77 levels on 5/25/10 and the price low at 43.84 on 11/08/10
Mumbai, Jan 23 (www.GoldTradingCalls.com) Indian rupee price trend rally to continue on an intermediate term basis until Feb 2011.
Our updated Inhouse QUANT Forecast in BLUELINE Superimposed clearly shows that USD INR will continue its rally well into Feb 2011 on an intermediate basis. We advice traders to trade on the long side of the trade until [...]
Mumbai, Jan 15 (www.GoldTradingCalls.com) Indian rupee price trend rally to continue and face strong resistance at USD/INR 45.70 during the later part of the 3 rd week of Jan 2011.
Mumbai, Jan 2 (www.GoldTradingCalls.com) The Indian rupee posted its best single-day gain in three weeks on Friday on the MCX USDINR-F1 futures registering gain of 4.1 percent on the year, boosted by record foreign fund investments into Asia’s third largest economy.
The partially convertible rupee closed 2010 at 44.90 on MCX USDINR-F1 per dollar making it the [...]
MUMBAI, Sep 6 (www.GoldTradingCalls.com) US DOLLAR INDEX prices continues to consolidate above support at 81.91, the 8/18 wick low. Resistance lines up at 83.38, the 38.2% Fibonacci retracement of the 6/7-8/6 downswing.
A break below near-term support clears the way for a return to the 80.00 figure while an advance past immediate resistance exposes the 50% [...]
MUMBAI, June 22 (www.GoldTradingCalls.com ) Indian rupee on Monday rose to its highest level against the USD in a month, in line with other Asian peers as China’s decision to ease the yuan’s peg to the greenback boosted local stocks and encouraged investors to buy currencies perceived riskier.
USD INR was quoted at INR45.76 in late trade, [...]
MUMBAI, May 21 (www.GoldTradingCalls.com) All the major global indices were in red zone on friday, May 21, 2010 with the maximum downfall in NASDAQ which closed at 2204 down 4.11%.
Our Inhouse Quant Forecast in BLUELINE Superimposed on price chart clearly shows that Indian rupee has bottomed out and is currently commenced a multi-week raise. The USD INR price rally will to continue for weeks together – a bad sign for India balance of payment situation worsening in times to come.
MUMBAI, Feb 04 (www.GoldTradingCalls.com) The Indian rupee extended its retreat from near two-week highs, early on Thursday, tracking weak regional peers and an early drop in the domestic sharemarket which could prompt foreign fund withdrawals.
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