Daily Dollar Dose | 2nd Aug ’20

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USD/INR opened higher as dollar caught a slight bid into the fresh week. Spot USD/INR opened around 74.85 and moved higher in initial trading to climb above 74.90. It is likely to face stiff resistance in the 74.95 (23.6% retracement of the move from 68.8 to 77.0) – 75.00 zone in any attempt of further

Daily Dollar Rupee | 6th Aug ’20

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The Dollar lost its ground further, and risk assets rallied, as markets absorbed patchy US economic data as an indication of further stimulus to be announced even as US lawmakers negotiate over the finer details of the new stimulus package. The dollar’s brief respite from continued selloff in past few weeks was short lived, as

Daily Digest – 7th of August

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The US Dollar has decisively fell out of favor and appears to have lost its ‘safe haven’ appeal, as investors dump it for other alternatives, particularly Gold, which continues on an amazing bull run after climbing previous all-time high of 1920 $/oz. Surging coronavirus cases in the US, flattening out labor market recovery numbers, inconclusive

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Indian equity markets were down on Friday due to profit booking, weakness in the global markets and rising novel coronavirus cases, which led to the announcement of further lockdowns in different parts of the country. Concerns over the extension of loan moratorium and the declaration of DHFL as a fraud case by PNB led to

Big Bang Theory

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For those who still believe in fundamentals should read the article below. Rohit writes…In my most recent ‘Forex Analytics’ webinar I spoke about two possible regime changes that are taking place right now. The 1st major change is likely to be a move away from the deflationary regime towards an inflationary regime. I titled this ‘The
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