Daily

Daily Currency Market Update:


HIGHLIGHTS:

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.29% to 93.29. Investors remained cautious as the Trump administration prepared to unveil $50bn worth of tariffs on Chinese goods – a move that Beijing has also warned will be met with retaliatory action. Sterling was also higher against the euro, with EUR/GBP sliding 0.25% to 0.8794 as investors awaited the conclusion of the European Central Bank’s policy meeting later in the day. Market participants were awaiting details on the ECB’s plans for winding up its huge bond-buying stimulus program. The central bank will also release its latest growth and inflation projections.

Tags: Technical


Search Reports

SEARCH

Open an account

OPEN AN ACCOUNT

Reports

Daily Currency Market...

HIGHLIGHTS: The dollar edged...

Read More

Daily Market Update...

On 17/10/2018 markets opened...

Read More

Crude oil NOV Call...

ComDT OPTIONS: Buy Crude oil...

Read More

Daily Market Update...

On 16/10/2018 markets opened...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: With the...

Read More

GAIL

SHORT TERM TRADING CALL: BUY...

Read More

HAVELLS

SHORT TERM TRADING CALL: BUY...

Read More

CESC

SHORT TERM TRADING CALL: BUY...

Read More

ICICIBANK

SHORT TERM TRADING CALL: BUY...

Read More

NTPC Initiating Coverage

NTPC’s present...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.