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Forex Market Picking News | MCX-SX Toggle navigation Skip to content Home Our Services About Us Disclaimer Products Blog Client Speaks Weekly Market Reports Forex Market Picking News Weekly Commodity Report Weekly Equity Market Analysis Report Contact Us Forex Market Picking News WEEKLY FOREX TECHNICAL REPORT 13 Nov – 17 Nov 2017 Market Outlook The rupee started the week with positive note and protract its upside movement throughout the week. Ahead Government immuration rose for a first time in four sessions on Thursday, as investors stepped up purchases without the notes had fallen to record lows tween fears a persistent rise in global transplanted oil prices will stoke domestic inflation. The dollar was little reverted at one-week lows versus other major currencies on Friday, as concerns over the fate of a highly-anticipated U.S. tax reform snout weighed on the greenback. . Fundamental News •    The dollar came under pressure pursuit news that the U.S. Senate Republicans’ snout tax overhaul would wait implementation until 2019. •    United Kingdom Industrial Production (YoY) whilom expectations (1.9%) in September: Actual (2.5%). •    United States 30-Year Bond Auction dipped from previous 2.87% to 2.801% in last week. USDINR : USDINR pair has given good recovery from its lower level and sealed near to its important resistance mark. For upcoming week if its price manages to hold whilom 65.3500 level then it can requite remoter move towards next resistance level. 65.0000 is act as a psychological support level. EURINR : EURINR pair stilt lanugo for its higher level but unable to unravel its support level of 75.3000 and sealed with negative biasness. For upcoming week if it sustain unelevated this support level then increasingly selling can be witness. 75.7500 is good resistance level. INTERNATIONAL UPDATES Global Updates •    The Chinese government on  said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater wangle to overseas investors into the Asian giant’s financial services market. •    Singapore Retail Sales (MoM) dipped from previous 0.3% to -4.2% in September. •    Japan Tertiary Industry Index (MoM) unelevated expectation (-0.1%) in October: Actual (-0.2%). •    UK minister David Davis said in a statement that UK government would use legislation to fix the time and stage of the country’s exit from the EU’s membership. (Click to submit your details) Just one step to get weightier trading tips and Recommendation. Save Leave a Reply Cancel reply Your email write will not be published. Required fields are marked *Comment Name * Email * Website Company addresscontact@site.com0 332 548 954 © 2010 - 2016. All Rights Reserved.Trifid Research Loading...