Commodities - Angel One - Page 153

USDINR: In the initial few days of the last week, the Indian Rupee traded with a stronger bias on account of huge influx of IPO related funds into the system. The Reserve Bank of India has possibly been selling dollars to prevent the rupee from weakening below what is regarded a highly important level. Download Report

NSE USD INR (Technical): NSE USDINR Aug as seen in the weekly chart above has opened the week gap up at 82.29 level. Same day of the week price corrected and made weekly low of 82.2825 levels. Later on, price could not able to sustain on lower levels, it has rallied sharply and made a weekly …

Gold: After weeks of posting marginal gains, gold prices in the recently concluded week ended with over 1 percent cut, giving up all of the gains. The precious metal began strong, enjoying a 2.1% gain in July, supported by central banks’ cautious monetary stances and improved European economic growth. Download Report

USDINR: Last week, the Indian Rupee weakened by 0.72 percent pressured by the dollar’s move higher versus its major peers and Asian currencies. Apparently, the ratings agency Fitch cut the U.S. credit rating from AAA to AA+, citing “expected fiscal deterioration over the next three years.” Download Report

USDINR: Last week, the Indian Rupee traded with a stronger bias mostly on account of huge influx of funds into the system. The US Dollar Index too was into the bearish territory which further supported the Indian currency. Download Report

USDINR: Last week, the Indian Rupee weakened by 0.37 percent on account of opportunistic dollar buying by importers and banks prior to the US FOMC Policy that was supposed to be released later in the day. Download Report

NSE USD INR (Technical): NSE USDINR Aug as seen in the weekly chart above has opened the week gap up at 82.1075 level. Same day of the week price corrected and made weekly low of 81.76 levels. Download Report

Gold: Gold prices experienced a marginal 0.3 percent increase for the week, responding to various factors that influenced market sentiment. The fluctuations of the U.S. dollar near one-year lows made gold relatively more affordable for buyers holding other currencies. However, investor caution prevailed as they awaited signals from the Federal Reserve regarding its monetary tightening plans. …

Gold: Gold prices continued their marginal upward movement from the previous week, concluding the subsequent week with a 0.2 percent increase. The bullion started the week cautiously on Monday as investors awaited potential interest rate hikes and monetary policy clues from the Federal Reserve. Download Report

NSE USD INR (Technical): NSE USDINR Jul as seen in the weekly chart above has opened the week gap down at 82.71 level. Same day of the week price rallied and made weekly high of 82.715 levels. Later on, price could not able to sustain on higher levels, it has corrected sharply and made a weekly …