Tips To Trade In Indian Online Forex Market
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The document outlines various economic updates, including a decline in the Indian rupee and the British pound reaching two-week lows against a stronger dollar. It also highlights key data points such as a drop in New Zealand's exports and an increase in UK retail sales. Technical analysis suggests a potential upward movement for USD/INR if it maintains above the 64.0000 mark.
Tips To Trade In Indian Online Forex Market
- 2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS 5:20am JPY Monetary Policy Meeting Minutes - - 5:40am USD FOMC Member Lacker Speaks - - 11:30am CHF UBS Consumption Indicator - 1.35 11:30am EUR GfK German Consumer Climate 10.0 10.1 7:30pm CAD BOC Rate Statement - - Day 1 ALL G7 Meetings - - Rupee slide continues, down for second straight session. Pound falls to 2-week lows vs. stronger dollar. Dollar extends gains, hits 8-year peaks against yen. Aussie falls to 3-week lows vs. stronger greenback. NZD/USD slips close to 2-month lows despite N.Z. trade data. New Zealand Overseas Merchandise : Exports fall 5.5% and Imports rose 2.6%. Japan Services Producer Price Index @ 0.7%. UK retail sales ramp up as expectations hit 27 year high. News FLASH Economic calendar - May 27
- 3. CURRENCIES S1 S2 S3 R1 R2 R3 USDINR 63.9000 63.8000 63.7000 64.1000 64.2000 64.3000 EURINR 69.7000 69.6000 69.5000 70.0000 70.1000 70.2000 GBPINR 98.4000 98.3000 98.2000 98.8000 98.9000 99.0000 JPYINR 52.0000 51.9000 51.8000 52.3000 52.4000 52.5000 USDINR on daily charts took strong reversal from lower support levels and closed strong and so now if it sustains above 64.0000 mark then it may show up move further. Pivot table TECHNICAL VIEW USDINR