Currency Today

Research report by 'RR Financial Consultants'
     
fiogf49gjkf0d

Fundamental Analysis:

Rupee :


The Indian rupee fell to its lowest in a week on Monday, pulled down by the U.S. dollar's broad strength after better-than-expected jobs data and as flat opening in the stock market o ffered little direction Neutral

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; the recent rise merely indicates consolidation. In the long term, the dollar is expected to test the 2008 low of 71. Recovery above 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 – 75.54) Neutral to bearish


   
Other Research Reports may be of interest
UPDATED SILVER REPORT 12052011    Source: Kedia Stocks and Commodities
Buy MSP Steel and Power Ltd    Source: A C Choksi Share Brokers Private Limited
COPPER REPORT 10052011    Source: Kedia Stocks and Commodities
SILVER REPORT 10052011    Source: Kedia Stocks and Commodities
WEEKLY METAL REPORT FOR 09-13 MAY    Source: Kedia Stocks and Commodities
Copper Outlook 2011    Source: A C Choksi Share Brokers Private Limited
SILVER REPORT 29042011    Source: Kedia Stocks and Commodities
Buy MOIL with target of Rs 448    Source: A C Choksi Share Brokers Private Limited
LEAD REPORT 25032011    Source: Kedia Stocks and Commodities
CRUDE REPORT 18032011    Source: Kedia Stocks and Commodities