EURUSD Heading Towards 1.0950?

Key Points Euro was crushed during the past couple of sessions against the US dollar, and it looks set for more declines. EURUSD formed a bearish structure on the hourly chart, which was broken to ignite a downside move. German Gross Domestic Product released by...

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Rupee wilts in early deals..

After taking three day holiday, the spot rupee depreciated in early morning deals - with a loss of 16 paise at 68.63 as against the US dollar. The domestic currency touched a low of 68.69, and is now down 16 paise at 68.63. Meanwhile, rupee February futures have shed...

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FOREX MARKET UPDATE- 17 Feb 2016

Trading the News: U.K. Jobless Claims Change Despite forecasts for another 3.0K decline in U.K. Jobless Claims, a further slowdown in Average Weekly Earnings may weigh on the sterling and spark a bearish reaction in GBP/USD as it provides the Bank of England (BoE) with...

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DAILY CURRENCY NEWS- 16 Feb 2016

USDINR: The Indian Rupee traded flat yesterday as Wholesale prices (WPI) fell for 15 consecutive months in January on the back of sliding global crude oil prices, after retail inflation in January rose to a 17-month high of 5.7%. This raised divergence between the two...

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