INR : Weakness amidst volatility

USD/INR after briefly touching 77+ levels in the current Risk Off environment post Covid-19 crisis, has sold off in the past couple of weeks, and is currently trading around 75.60. But is the Rupee likely to hold on to recent gains, or prone to retest the highs once again? In this article, an analysis is

Oil’s Fundamental Outlook Mired by Great Lockdown

The price of oil recovers from the collapse in the May futures contract, but the economic shock from COVID-19 may continue to drag on crude as the Great Lockdown disrupts global demand, with the oil surplus raising the cost of storage. FUNDAMENTAL FORECAST FOR CRUDE OIL: BEARISH The fundamental outlook for crude remains bearish even though the Organization of

US Dollar Forecast: Volatility? Yes; Direction? Unclear – Key Levels for DXY

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✓ The US Dollar (via the DXY Index) has been trading in an ever-tightening range, with implications for pairs like EUR/USD and USD/JPY.✓ EUR/USD’s symmetrical triangle can break in either direction, while USD/JPY’s technical outlook is less enthusiastic.✓ DXY made highs of 103 which lead to USDINR touching 77 levels. Will the coming recession, weaken ruppee to 80

EUR/USD Technical Analysis: Euro Perched at Key Trend Barrier

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Technical Analysis: BEARISH The Euro was knocked back lower after a test of resistance near the 1.10 figure, with prices now testing rising trend support limiting the downside for nearly a month. Making the case for lasting weakness probably calls for a move through that to close under the lower bound of the 1.0783-1.0880 zone.
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