Rupee and Forex Movement share price target and research reports

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Rupee and Forex Movement

TREND | 30 Apr 2024

Daily Currency & Commodities Outlook

Rupee and Forex Movement

ICICI Direct

Spot gold erased its earlier losses and ended the day on a positive
note amid weakness in the dollar and correction in the global treasury
yields . Precious metals initially moved lower as most investors liquidated their holdings ahead of this week’s FOMC meeting.

Rupee and Forex Movement

TREND | 29 Apr 2024

Daily Currency & Commodities Outlook

Rupee and Forex Movement

ICICI Direct

Spot gold prices pared its earlier gains amid rebound in the dollar
after sticky US PCE data increased the probability that the Federal
Reserve will hold the rate higher for longer
. Both the PCE and Core PCE data of March rose by 0.3%, where as year-on year the PCE price index in March jumped to 2.7% against previous reading of 2.5%

Rupee and Forex Movement

TREND | 26 Apr 2024

Daily Currency & Commodities Outlook

Rupee and Forex Movement

ICICI Direct

• Spot gold prices trimmed its earlier gains amid higher US treasury
yields but prices managed to settle higher after the US advance GDP
numbers indicated slower growth in the first quarter
. Meanwhile, rise
in advance GDP price index the broadest inflationary indicator raised
the bets that Fed would not cut the rates before September.

Rupee and Forex Movement

TREND | 25 Apr 2024

Daily Currency & Commodities Outlook

Rupee and Forex Movement

ICICI Direct

Spot gold prices steadied near $2320 as most investors remained
cautious ahead of the key economic numbers from US, which would
bring more clarity on future interest rate path. Meanwhile stronger dollar and higher US treasury yields checked the upside in the bullions
.

Rupee and Forex Movement

TREND | 24 Apr 2024

Daily Currency & Commodities Outlook

Rupee and Forex Movement

ICICI Direct

Spot Gold prices settled lower and hit the lowest level in last
2 weeks amid reduced safe haven demand as geopolitical tension eased in the
Middle east. However, prices recovered its losses towards later part
of the day after weaker than US manufacturing and service PMI data
weighed on the dollar and treasury yields and supported the rebound in bullions.

Rupee and Forex Movement

TREND | 02 Apr 2024

Currency Watch

Rupee and Forex Movement

SBI Securities

The USDINR traded in a tight, narrow range on Thursday, as inflows into the domestic market are offsetting the impact of the firm dollar and subdued movement in Asian currencies. Dollar Index has spiked to elevated levels of 105, US 10-year yields have witnessed an uptick towards 4.30%.

Rupee and Forex Movement

TREND | 01 Apr 2024

Currency Watch

Rupee and Forex Movement

SBI Securities

The USDINR traded in a tight, narrow range on Thursday, as inflows into the domestic market are offsetting the impact of the firm dollar and subdued movement in Asian
currencies. Analysis of the weekly option chain shows that the highest Call open interest buildup is seen at the 83.50, while, on the Put side, the highest open interest build-up is seen at the 83.25 strike.

Rupee and Forex Movement

TREND | 28 Mar 2024

Currency Watch

Rupee and Forex Movement

SBI Securities

The USDINR traded slightly higher on Wednesday, tracking firm greenback in
the overseas market and dollar demand from oil importers. Analysis of the weekly option
chain shows that the substantial open interest build-up is seen at the 83.50 and 83.75 strikes, while, on the Put side, the highest open interest build-up is seen at the 83.25 strike.

Rupee and Forex Movement

TREND | 26 Mar 2024

Currency Watch

Rupee and Forex Movement

SBI Securities

The USDINR pair wrapped up the day on an all-time high on Friday, mirroring
the strength of the US dollar and the weakness observed in Asian currencies. The dollar index has marked a high of 104.50, and along with the surge, it has reclaimed its short and long-term moving averages.

Rupee and Forex Movement

TREND | 21 Mar 2024

Currency Watch

Rupee and Forex Movement

SBI Securities

The dollar index formed two consecutive price rejections and declined towards 103.20, as did the US 10-year yields after the Fed left the rates unchanged during the 5th meeting and indicated expectations of three rate cuts later in the year. Analysis of the weekly option chain shows that the
highest Call open interest build-up is seen at the 83.25 strike, while, on the Put side, the highest open interest build-up is seen at the 83.00 strike.

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