Currency Today

RR Financial Consultants

fiogf49gjkf0d

Fundamental Analysis:

Rupee
: The Indian rupee is expected to climb on Monday, backed b y the dollars weakness against major unites overseas  and tracking higher  regional shares and currencies.

Bullish

Dollar Index: The US Dollar Index is consolidating above support at 75; breakout would signal a decline to 74 *. Momentum holding below zero indicates a strong down-trend (this is a new mo mentum indicator that will be released with the next beta version); the recent rise merely indicates consolidation. In the long term, the dollar is expected to test the 2008 low of 71. Recovery ab ove 76.50 is unlikely, but would warn that the down-trend is ending. The weakening dollar continues to fuel rising crude oil and precious metal prices. Its supports seem near 75-75.20 

(Dollar Index – 74.58) neutral to bearish

Other Daily Reports & Newsletters
DAILY COMMODITY REPORT AS ON 25112011   Source: Kedia Stocks and Commodities
DAILY COMMODITY REPORT AS ON 06062011    Source: Kedia Stocks and Commodities
DAILY FOREX REPORT AS ON 06062011   Source: Kedia Stocks and Commodities
DAILY FOREX REPORT AS ON 03062011   Source: Kedia Stocks and Commodities
DAILY COMMODITY REPORT AS ON 03062011   Source: Kedia Stocks and Commodities
DAILY COMMODITY REPORT AS ON 02062011   Source: Kedia Stocks and Commodities
DAILY COMMODITY REPORT AS ON 01062011   Source: Kedia Stocks and Commodities
DAILY FOREX REPORT AS ON 01062011   Source: Kedia Stocks and Commodities
DAILY COMMODITY REPORT AS ON 24052011   Source: Kedia Stocks and Commodities
DAILY FOREX REPORT AS ON 23052011   Source: Kedia Stocks and Commodities