USDINR enters into the stage of positional longs on 4th May and till to date continues its sideways journey for the last 4 trading sessions with Quick-flip supports around 75.58.
Difference Between Binary Options vs Regular Vanilla Options and the Legality of Binary Options
A Binary Option is a financial instrument based on a simple yes or no question where the payoff is a fixed amount or nothing at all. This means Binary Options offer defined risk and clear outcomes on every trade. Which means, either your stoploss will hit at the expiry of the option contract or your predetermined fixed target will hit. This is why binary options are also known as “All or nothing” options.
Things you need to know about China’s Digital Yuan
China has begun trial of its new digital currency “e-RMB”, in four of its major cities. A full-fledged launch could be expected in May 2021. This move of China could potentially change the finance world forever. Let’s understand what “e-RMB” is and what effect it could have on the world.
USDINR Short Term Overview – Apr 2020
USDINR retreated from its All time high on last friday after RBI has decided to reduce the fixed reverse repo rate under liquidity adjustment facility (LAF) by 25 basis points thus discouraging banks from keeping their surplus funds with it.
USDINR: Sharp Uptrend is Brewing?
The daily trend of USDINR continues with higher and positive for the last 4 trading sessions and interesting volatility is also rising for the last couple of days.
USDINR at All-time high with rising volatility
USDINR Futures hits All-time high in NSE Bourses. Rapid Fall in Commodities prices & ongoing coronavirus pandemic tensions and rising demand for the dollar index, fear of growth slowdown put the emerging markets currencies at risk.
USDINR – Vertical Moves and Gearing Up Momentum
USDINR is on the verge of testing the All-time high. Momentum had geared up in the last couple of trading sessions. Previous All-time high 74.6875 is done long back around Nov 11, 2018. The current momentum is thus far driven by two factors
USDINR March Futures Momentum Speeding up. Short Term Trend Overview
Amid, Corona fears and country GDP data is out at 4.7%, it is absolutely interesting times to discuss USDINR short term trend. Data released on Friday showed GDP (gross domestic product) grew by 4.7% in the December quarter, slower than the upwardly revised growth of 5.1% in the previous quarter and below the downwardly revised 5.6% in the December quarter of 2018-19
USDINR : Medium Term Momentum Picking Up
USDINR is trading in a broader level sideways mode in the band of 70.3-72 for the last 3 trading months. November month starts with a trending mode with increasing trend strength on the higher timeframe. Weekly ADX got into the incremental mode with value surpassing above 15.72 levels indicating a possible medium-term uptrend.
USDINR – Signs of Short Term Top
USDINR has an interesting monthly pattern. For 10 months in a row, it is one timeframing without breaking previous month lows that shows the confidence of larger timeframe players. It is a straight upward one-sided rally. All-time high comes around 74.528. Current swing move from 63.10 to 74.528 which is roughly 18% of swing move. The entire move comes from the year 2018 along.
USDINR Medium Term Technical Analysis Overview
Bullish Momentum in USDINR Kickstarted during the start of June 2018 and most likely to extend till the Sep 2018. USDINR also tested all-time high 70.89 on 14th Aug 2018. What is really missing compared to the majority of the EM Currencies is that Extreme bullish momentum seems to be missing thus far.
Wave of Tsunami in Turkish Lira
The Turkish lira fell to an all-time low against the dollar. The lira tumbled 15.63% against the dollar on friday to 6.4323 from the previous close. The currency — which has lost more than 40 per cent of its value this year — was 18.5 per cent lower at one point on Friday. Turkish stock market index – Borsa Istanbul 100 ended -2.23% at Friday close. Year to Date stock market index is down by 17.68%.