Daily FX Trends - Mecklai Financial

Daily FX Trends - Commentaries

	USD/INR	EURO/USD	GBP/USD	USD/JPY	USD/CHF
Macro Support-Resistance Levels	84.20-87.00	1.0500-1.1700	1.2800-1.3700	135.00-155.00	0.7900-0.8500
Sentiment against USD	Negative	Neutral	Neutral	Negative	Negative
Forecast for the day	84.10-84.60	1.1265-1.1385	1.3230-1.3345	143.60-144.70	0.8200-0.8255

Spot rupee closed at 84.25/26 to a dollar level after opening at 84.45/46 level. The rupee was trading mostly choppy today. After rising in early deals towards 84.1175, the local unit came under pressure and reversed its gains. Equity market benchmarks ended about 0.5 higher today.
DXY is trading steady at 99.70 level today. During the European session, data release showed Eurozone Sentix Investor Confidence rose sharply from -19.5 to -8.1, well above forecasts. Expectations index too turned positive to 3.8 from -15.8. Reaction to the data from the markets were muted. EURUSD is trading steady at 1.1344 while GBPUSD is trading at 1.3305 level.
USDJPY is once again back below 144 level at 143.85 level as uncertainty about US-China trade talks continue. Meanwhile, the Fed will begin its two day MPC meeting tomorrow.
Important data releases scheduled today: US: Final services PMI; ISM Services PMI.

Rupee opened marginally higher at 84.46 levels against Friday’s closing of 84.54 levels. Equity market benchmarks are trading at 0.35 higher in early trades.

DXY is trading at 99.68 level today. Risk sentiment improved on hopes of US-China trade talks and better than forecast, US labour data.

click here to view Evening Report

Terms of Use

Disclaimer

The information and material contained in these pages and the terms, conditions, and descriptions that appear are subject to change without prior notice.

The information contained in this website, including text, graphics, links or other items are provided on an 'as is', 'as available' basis. Mecklai Financial Services Pvt. Ltd. (MECKLAI) does not warrant the accuracy, adequacy or completeness of this information and material and expressly disclaims liability for errors or omissions in this information and material. No warranty of any kind, implied, express or statutory, including but not limited to the warranties of non-infringement of third party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information and materials.

In no event will MECKLAI be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with this website or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if MECKLAI, or representatives thereof, are advised of the possibility of such damages, losses or expenses.

Hyperlinks from and to other websites are at your own risk; the content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MECKLAI.

Privacy Policy

1. We respect your privacy
2. We will not sell your data to any third party
3. We will not provide any of your data to a third party without your consent
4. The data you provided to us is for the use of Mecklai, its affiliates and partners
5. We will take all reasonable steps to ensure that any financial information you provide us in case, is stored securely
6. We ask you to respect the privacy preferences of other Mecklai Users
7. We ask you to remember that any information you choose to post publicly (comments) on this site is, of course, public
8. If you have any concern about privacy violations, please contact us

Copyright

As content on the Site is copyrighted and proprietary, any unauthorized use of any materials on the Site may violate copyright, trademark and other laws. Should a user download the materials on the Site for personal or non-commercial use, the user must retain all copyright, trademark or other similar notices contained in the original materials or on any copies of the material. Materials on the Site may not be modified, reproduced, publicly displayed, performed, distributed or used for any public or commercial purposes without explicit written permission from the appropriate content or material provider (including third-party links). MECKLAI bears no risk, responsibility or liability in the event that a user does not obtain such explicit written permission as advised by MECKLAI.