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#INR weakens🔻 as USD/INR stays in an uptrend above the 100-day EMA,with a bullish RSI near 62. Key resistance is at 84.50-84.55,near the all-time high📈.Support lies at 84.24,with a break targeting the 100-day EMA at 83.95.
#USDINR#EMA#USD#support#Resistance#currency#forex
#EURUSD 💶rose📈above $1.0560, rebounding from a two-year low of $1.046 on Nov 21, after ECB’s 🇪🇺 Isabel Schnabel warned against excessive rate cuts, prompting markets to〰️ scale back expectations for reductions through 2025.
#ECB#PCE#US#HPI#forex#currency#INR#Europe#Oct
#US 🇺🇸S&P Global Composite #PMI accelerated🔺 to 55.3 in Nov, up from 54.1 in Oct, signaling a 〰️ faster expansion in private sector business activity. 🔹Consequently, US Dollar preserves its strength. At the time of press,the #USDIndex was up📈 0.55% on the day at 107.65.
#USD
#EURUSD 💶sank to its lowest level in nearly 2 years, slipping 📉 below 1.0400 after the release of weaker-than-expected🔻 PMI data.Furthermore,ECB 🇪🇺member Yannis Stournaras suggested that〰️ interest rates should be reduced to around 2%.
#Euro#EUR#ECB#USD#PMI#interestrates
#UK 🇬🇧 Retail Sales dropped🔻 0.7% in October, surpassing the forecasted 0.3% decline nd reversing a 0.1% gain in September. 🔹This sharper-than-expected fall weighed on the #BritishPound 💷, causing the GBP/USD exchange rate to slide from 1.26339 to 1.2554.
#GBP#Retailsales
➡️Annual inflation rate in the #UK went up🔺 to 2.3% in October 2024, the highest in six months, compared to 1.7% in September. This exceeded both the Bank of England's target and market expectations of 2.2%.
#BOE#GBP#CPI#INR#USD#Forex#interestrates#rate#inflation#Oct
As the #US political landscape shifts, #global markets are feeling the #impact, and businesses are seeking direction.
Join us for "Analyzing the Trump Effect on U.S. & Global Markets – Past Trends & Future Expectations" .
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#forex
Increased #US Inflation in line with markets expectations, pointing towards🔅 a potential continuation of rate cuts by the Federal Reserve🏦. Now, market is expecting 76% chance of a 25bps cut at the next meeting.
#inflation#USD#FOMC#Fed#Trump#USAinflation#CPI#INR#forex
We���re Pleased to invite you to an insightful session on the Impact of the Revised ₹50 Lakh Limit for Rupee Packing Credit (PC), following the extension of the Interest Equalisation Scheme (IES) until December 31, 2024.