Today's Market Outlook

USDCHF: Recovery from 22 Apr higher low at 0.9997 peaked at 1.0625 on 08 May, before reversing through 1.0550/42 to leave a failed upwards break above 1.0607, 02 May former top. Steady decline to 1.0390 followed, with subsequent recovery to 1.0508/10, ahead of downleg to 1.0409. Fresh upside attempt now...



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[Source: Forex Technical Analysis Reports (ActionForex.com)]



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Bank of America Confident on INR Growth

The Indian rupee is going to grow in the coming months as the central bank will probably rise the interest rate and will allow currency’s appreciation according to Bank of America strategist.



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Forex Back Data Saxo Currency Foreign Exchange Rates Fx

Addressing a pravasi bharatiya divas seminar here, he said the nri remittances to india, on an average, were of a finance loan three-year duration, and asked them to expand their horizon to bring longer-term money for at least 10 years, as well as their expertise in various fields. Margin requirements are generally 20% of the [...]



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USD/CAD Mid-Day Outlook

Not change in USD/CAD's outlook. The flag like consolidation from 1.0326 continues. After all, there is no indication of completion of such consolidation yet. Though, downside is expected to be contained well above 0.9709 support and bring rally resumption. Break of 1.0242 resistance will be an important signal that such...



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Daily FX Report

Since the middle of March the EUR/CHF trades on a positive trend line. The cross through the resistance gave an accessorily push and changed the level to a support at 1,6204. The broke through in the last week was only for a short time. The fast recovery is a confirmation...



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[Source: Forex Technical Analysis Reports (ActionForex.com)]



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