The US debt ceiling deal is done – Deal includes a 2-yr debt limit extension, effectively resolving the issue until after the 2024 election – Deal needs to pass Republican-led House & Democrat-controlled Senate Whenever USDINR drew close to the 83.00 handle over the past eight months, momentum slowed down as the persistent supply from… Read More »
The US Dollar Index can strive for March highs of 105.88 in the best-case scenario, where risk increases. In that case, the USDINR may also test its strong resistance area in the 82.80–83.00 zone on the spot. Since the central bank manages volatility aggressively practically every day in the OTC/NDF market, we would anticipate that… Read More »
The Fed announced a rate increase while also indicating a pause. All of this was well anticipated, and thus the market’s reaction has been consistent with business as usual. Commodities sank, the US Dollar Index declined, and equity markets started to decline. However, none of those actions were unusual. By December of this year, the… Read More »
Poor US GDP statistics caused a moderate sell-off in global equity markets and a rally for US Treasury bonds. Lower yields have not dampened demand for the US dollar, which is being supported by a risk-off environment. The USDINR has not exhibited the expected strength following a congestion breakout near 82.15. Nevertheless, the bias and… Read More »
A sharp decline in inflation is unsurprising, since we have been predicting since the end of last year that a greater base, a slowing economy, and lower prices for goods and services might all lead to very low inflation this year. The minutes of the most recent US central bank meeting, which were recently released,… Read More »
The unexpected decision by the RBI to hold off on raising interest rates was unsuccessful in pushing USDINR higher for three reasons: The RBI showed shrewdness by adopting a flexible approach. In case inflation starts to inch up, they have left the door open for rate hikes. The US Dollar is weak globally, which benefits… Read More »
Our USD INR weekly analysis is a comprehensive report that provides you with all the information you need to make informed trading decisions. The report covers a wide range of topics, including Gann Harmonic and Astro Analysis. USD INR Gann Angle Chart Price continue to get rejected from resistance of 83. USDINR remains ranged… Read More »
USD INR Gann Angle Chart The USDINR price is facing rejection from the resistance level of 83 USD INR Plannetary Support and Resistance Line Indain Rupee is below Venus Plannetary line heading towards 82.25/82.50 USD INR Harmonic Price is heading towards 81.50 as GARTLEY pattern got completed. USD INR Astro/Gann Trend Change Date Major Trend… Read More »
Weekly Trends: As of the week ending on March 4, 2023, the USD INR currency pair is trading at around 81.66. Over the past week, the pair has been in a downtrend, with the Indian Rupee strengthening against the US Dollar. The pair started the week at around 83 and reached a low of 81.71… Read More »
In last one month, economic data from US has completely surprised the market. Be it jobs report, retail sales, CPI inflation, PMI number or FED’s favourite inflation gauge – PCE, all seem to convey only one message that FED would be under tremendous pressure, not only to keep rates higher for longer but also go… Read More »