USDINR
On Wednesday , The domestic unit most likely to commence session between 73.35 – 73.45 level as greenback hovered near its lowest levels of the year as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual U.S. inflation. Last two trading session USDINR stuck in range between 73.30 – 73.55. We are expecting that any side breakout lead the direction.
Day Trend: - Pair near Support Level (73.00 – 73.30) with oversold territory. Bearish Trend intact.
INTRADAY RANGE – 73.02 (73.25 – 73.49) 73.74
GBPUSD
The pound held the bulk of its gains after jumping to a 10-week high against dollar, riding a wave of post-election optimism amid fading worries over a Scottish referendum on whether to leave the U.K.
Day Trend: - BULLISH.
INTRADAY RANGE – 1.4235 (1.4171 – 1.4107) 1.4043
GBPZAR
GBP/ZAR Exchange Rate Sinks as South African Economic Outlook Steadily Improves The Pound South African Rand exchange rate fell. ZAR benefiting following the release of the latest South African manufacturing production index for March, which beat forecasts and rose by 4.6%.
EURGBP
EUR/GBP Exchange Rate Rises on Positive Eurozone Economic Morale The Euro Pound exchange rate rose following the publication of the latest German ZEW survey of economic sentiment for May. The figure beat forecasts rising to 84.4. The pairing is trading around €0.8591 at the time of writing.
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