Technical Analysis

Dollar Rupee Technical Analysis 29 June 2022 Hourly Chart Current level is 78.87 First Support is 78.80 (Lower Bollinger Band) Second Support is 78.73 (50 hour Exponential Moving Average) First Resistance 78.95 – 79.00 (7 & 18  Hour Exponential Moving Average,  & Middle Bollinger Band) Second Resistance 79.20 (Upper Bollinger Band) RSI – 48 Neutral…

Market Outlook

This year’s drubbing in the stock and bond markets has left investors wondering, when will it end? The consensus among analysts on the subject is that the bear ought to go into hibernation once the market has “visibility” on several issues, including the Fed’s terminal point, peak inflation, supply chain problems, and, of course, economic/earnings…

Week ahead

Week ahead 27 June – 1 July 2022 The pendulum of market sentiment swings dramatically. It has swung from nearly everyone and their sister complaining that the Federal Reserve was lagging behind the surge in prices to fear of a recession. On June 15, at the conclusion of the last FOMC meeting, the swaps market…

Investment Returns

Are you still investing in Bank Fixed deposits? Inflation 1 year FD rate 5.20% 1 year inflation rate 7.00% Net returns Minus 1.8% Invest in Equity as an inflation hedge Any good company having strong growth gives minimum 12 to 15% annualised returns if the stock is bought at right time and profit is also…

Week ahead 20 June – 24 June 2022

Week ahead 20 June – 24 June 2022 This past week felt like a big moment for central banks, collectively, as well as financial markets more broadly. It was the moment when the majority accepted that inflation isn’t just a problem, it’s one that needs to be dealt with powerfully in order to prevent it…

World Markets

  FX Market Insight USD/INR Spot reference 78.0550: Yesterday, the USD/INR opened at 78.0300, down from the previous day’s close of 78.0650. Following a reopening, the pair began to rise slowly and steadily, tracking very strong negative sentiment in the equity market. However, because to the presence of RBI in the market, the pair was…

World Markets

FX Market Insight Indian Rupee  In the previous session, the rupee plunged to close at a fresh all-time low against the US dollar as a lacklustre trend in domestic equities and persistent foreign fund outflows weighed on investor sentiments. At the interbank foreign exchange market, the local unit opened at 77.99 and finally settled at…

World Markets

  FX Market Insight USD/INR Spot reference {78.0100}: Yesterday, USD/INR had a gap down opening at 78.0100 against the previous day close of 78.0350. After opening the pair slowly and steadily went up to 78.0675, however improved sentiment in all asset classes dragged the pair lower near 77.97 areas. After sharp volatility the pair again…

World Markets

  FX Market Insight USD/INR Spot reference {78.0450}: Yesterday, USD/INR had a gap up opening at 78.1200 tracking sharp negative sentiment in all asset classes against the Friday’s close of 77.8325. After opening the pair immediately started going up and made an all-time high of 78.2800. We heard RBI presence near all-time high and later…

World Markets

  FX Market Insight Indian Rupee The Indian rupee is expected to fall to record lows versus the dollar today after the U.S. consumer inflation accelerated faster than expected, fueling bets of bigger rate increases by the Federal Reserve. The rupee is likely to open at around 78.15-78.25 compared with 77.83 in the previous session…