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Indian Rupee Rises To 1-1/2-month High Against U.S. Dollar

2024-09-08 4662

(fxcue news) - The Indian rupee strengthened against the U.S. dollar in the European session on Tuesday. In economic news, data from the Ministry of Commerce and Industry showed that India's wholesale price inflation softened more-than-expected in August to the lowest level in four months. The wholesale price index, or WPI, rose 1.31 percent year-over-year in August, slower than the 2.04 percent increase in July. Economists had expected inflation to ease to 1.80 percent. On a monthly basis, wholesale prices dropped 0.45 percent from July, when they increased by 0.78 percent. Against the U.S. dollar, the rupee rose to a 1-1/2-month high of 83.7090 from an early low of 83.8890. At yesterday's close, the rupee was trading at 83.8200 against the greenback. If the rupee extends its uptrend, it is likely to find resistance around the 82.00 region.

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Indian Rupee Rises To 1-1/2-month High Against U.S. Dollar

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Indian Rupee Rises To 1-1/2-month High Against U.S. Dollar

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Indian Rupee Rises To 1-1/2-month High Against U.S. Dollar

Pizza Hut's ResZAmes To Support Job Search

Bay Street Eyes Inflation Data For Directional Cues

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12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

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Indian Rupee Rises To 1-1/2-month High Against U.S. Dollar

Sensex

Indian Rupee Rises To 1-1/2-month High Against U.S. Dollar

Pizza Hut's ResZAmes To Support Job Search

Bay Street Eyes Inflation Data For Directional Cues

Please sign in

Trader

12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

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