OctaFX | OctaFX Forex Broker
Open trading account

Rupee continues weakness - Insignia Consultants

FXStreet (Barcelona) - Research Analysts at Insignia Consultants note global events dictating INR's movements rather than domestic ones.

Key Quotes

"US FOMC minutes can impact rupee and emerging market currencies tomorrow. I am not going to comment more, except that short covering will be there in euro, US dollar in case rupee weakens against them today and tomorrow."

"Usd/inr November 2014 (expiry on 26th November): Head and shoulder formation on the charts. Usd/inr can rise to 62.02 and 62.32 as long as it trades over 61.77. There will be sellers only below 61.77 today."

"Euro/inr November 2014 (expiry on 26th November): A break of 77.81 will result in 78.08 and 78.47. Initial support is at 77.37 and there will be sellers only below 77.37."

GBP/USD to remain heavy – OCBC

According to The OCBC Bank Research Team, GBP/USD will remain heavy in the interim as pound awaits the release of the BOE MPC minutes.
Read more Previous

USD/CAD remains bearish for a move towards 1.1195 – UOB

The Research Team at UOB see the USD/CAD pair heading downwards towards the 1.1122 support.
Read more Next
Start livechat