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Published on 16/08/2019 11:08:07 AM | Source: Kedia Commodity Ltd

Technical Currency Outlook 16 Aug 2019 - USD, EUR, GBP, JPY by Kedia Commodity

Posted in Currency Report| #Kedia Commodity Ltd #Currency Tips

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USDINR

* USDINR trading range for the day is 70.74-71.79.

* Rupee gained on improved risk appetite following the US President Donald Trump's decision to delay additional tariffs on some Chinese goods

* Annual retail inflation in July was 3.15%, down from an eight-month high of 3.18% in June, but below forecasts, data from the Ministry of Statistics showed.

* India’s industrial output grew 2% in June from a year earlier, government data showed.

 

EURINR

* EURINR trading range for the day is 79-80.47.

* Euro fell as political uncertainty in parties in Italy continued.

* Germany's economy contracted in the second quarter on weak exports, data from Destatis showed.

* The mood among German investors slid far more than expected in August, a survey showed.

 

GBPINR

* GBPINR trading range for the day is 85.26-86.94.

* GBP dropped as concerns about a no-deal Brexit dominated sentiment despite data showing wage growth in the United Kingdom rose to an 11-year high.

* British Prime Minister Boris Johnson said that the most important free trade deal that Britain needed to strike was with the European Union.

* Britain’s labour market showed unexpected strength in the second quarter with total earnings growth, rising by an annual 3.7%.

 

JPYINR

* JPYINR trading range for the day is 66.01-68.6

* JPY dropped as dollar surged after the U.S. Trade Representative delayed tariffs on a number of items.

* Japan’s core machinery orders unexpectedly rebounded in June to post their largest monthly expansion on record

* BOJ members emphasized that it should continue considering easing sustainability and that it remains appropriate to control bond yields flexibly

 

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