Indian Forex Forum
03/24/2017 at 13:15. Facebook
Starting From this Saturday "Yen Weekend Magic Contest" Participate to Win $80:-

In this Contest, The Participants would just need to Predict How the Next Coming Weekly Chart Candlestick of Eur/Jpy, Usd/Jpy & Gbp/Jpy would Look Like once it gets Closed???

The Participants Should give their Weekend Predictions in Respective Thread.

Will it Either be a :-

1.) BULL OR 2.) BEAR

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Indian Forex Forum
03/24/2017 at 11:01. Facebook
Rupee appreciates 8 paise to 65.38 against US dollar in early trade

The rupee appreciated 8 paise to hit a fresh 16-month high of 65.38 a dollar level in early trade on Monday.

The domestic currency had a high of 65.41 last week after the Fed comments at the end of its two-day policy meeting looked less hawkish than expected. But on Friday it fell by 5 paise to settle at 65.46 against the...
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Indian Forex Forum
03/24/2017 at 10:26. Facebook
Rupee retreats from 16-month high; down 5 paise at 65.46

The rupee on Friday retreated from 16-month high level to close down by 5 paise at 65.46 against the US currency on dollar demand from importers and suspected RBI intervention, ending its four-day dream run.

The rupee had surged to a 16-month high of 65.41 per dollar yesterday after a four-day rally in the currency stoked by the...
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Indian Forex Forum
03/24/2017 at 09:47. Facebook
China starts New Year on positive note.

China steadily increases its industrial output. According to official data, industrial production in China expanded by 6.3 percent year-on-year in the period from January to February. Growth rate acceleration surpassed even the most optimistic forecasts of analysts who had expected a 6.2 percent rise. Experts in the National Bureau of Statistics of...
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Indian Forex Forum
03/23/2017 at 11:15. Facebook
India’s gold imports fall almost fivefold.

India’s Gem & Jewellery Export Promotion Council (GJEPC) said the country’s gold imports came in at just $88 million in February. That is almost five times lower than a year before. Gold was purchased in the form of ingots, jewelry and semi-finished products. Meanwhile, exports of gold from India fell by 17%, totaling $855 million. So far, Indian...
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Indian Forex Forum
03/23/2017 at 04:58. Facebook
View: Rupee owes its strength to sound policy making

Former Reserve Bank of India Governor Dr Raghuram Rajan was dismissive of many popular prescriptions to make India attractive, including accumulating forex reserves, cheap money to rev up growth, and letting defaulters off the hook.

Instead, his remedy was to make India’s balance sheet ‘bullet-proof ’, by which he meant low inflation,...
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Indian Forex Forum
03/23/2017 at 03:44. Facebook
Rupee slips 18 paise to 65.59 against dollar in early trade

The rupee opened nearly 7 paise down at 65.48 against dollar on account of selling of American currency by banks and exporters. Around 9.30 am (IST), the local currency was trading 18 paise down at 65.59 against the greenback.

Meanwhile, the domestic equity market opened in the green following mixed global cues. The BSE Sensex...
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Indian Forex Forum
03/22/2017 at 07:55. Facebook
Battered GBP heading for new lows?

The pound sterling is still going on with a losing streak. The closer is the deadline for the formal divorce, the weaker is the British currency. Traders rushed to sell off the pound right away after both chambers of the UK Parliament gave their consent to the Brexit procedure. The pound sterling responded with a 0.9% fall to 1.2110 against the US dollar....
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Indian Forex Forum
03/22/2017 at 05:32. Facebook
How Rupee rise helps overseas borrowers

The surge in the Indian rupee is not all bad for the economy. This may be the best time for Indian companies that have borrowed overseas to cover their positions and wipe out at least their quarterly interest obligations.

Borrowings of Indian companies through overseas bonds and term loans stand at about $703 billion today, according to data from...
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Indian Forex Forum
03/22/2017 at 04:29. Facebook
Rupee rallies for fourth straight day, spikes 28 paise

The rupee continued its dream run for the fourth straight session by rising 28 paise to a fresh 16-month high of 65.41 a dollar on frantic selling of the US currency by exporters and banks amid dovish outlook by Fed on future rate hikes.

Overall sentiment in the forex market was largely optimistic despite the US Federal Reserve hiking...
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Submit Eligibility Threads For March Month.

Submit The Link of Your Eligibility Threads in this Thread for This Monthly Contest.

Eligibility Threads will Accepted within given time.

So, Submit your Thread before 25th Date of the Month

Rule Updated:- A Good Quality Eligibility Thread containing sensible unique information along with images supporting the thread will receive A Golden...
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Give Your Predictions "Pound Weekly Magic Contest" Participate to win $100:-

In this Contest, The Participants would just need to Predict How the Current Running Weekly Chart Candlestick of Gbp/Chf, Gbp/Usd & Gbp/Cad would Look Like once it gets Closed???

The participants would need to Predict Weekly Chart Candles of Gbp/Chf, Gbp/Usd & Gbp/Cad Pair for a Entire Fortnight i.e for Week1, &...
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Rupee extends dream run, zooms 47 paise to 65.22 post US Fed rate hike

The rupee extended its winning run in late morning trade as it was up by 47 paise at 65.22 on Thursday after the US Federal Reserve raised interest rates for the second time in three months. According to market experts, the expectation of rate hike was already factored in by markets.

The local currency had opened nearly...
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Dollar crunched by cautious Fed, bonds and commodities cheer

The dollar nursed painful losses in Asia on Thursday while sovereign bonds savoured their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signalled no pick-up in the pace of tightening.

The euro got an added bonus when returns showed the anti-EU party of Geert Wilders won fewer seats...
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Access denied: SWIFT bans North Korea after nuclear tests.

The financial sphere of North Korea was hit by a massive weapon. The SWIFT transaction system barred the country’s banks from accessing its global network. The SWIFT abbreviation stands for the Society for Worldwide Interbank Financial Telecommunication. It was founded in 1973; the headquarters are in Brussels. Nowadays, over 10,000...
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Britain ready for independence.

The dissolution of any union is a serious undertaking. And it does not matter what kind of union it is, the problems are the same everywhere. The biggest breakup of our age, except for Brad Pitt and Angelina Jolie’s divorce, of course, was Britain’s separation from the EU. For many people, Brexit came as an unexpected surprise, but no matter how different...
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Rupee hits fresh 16-month high, up 13 paise at 65.69

The rupee continued its stellar run against the dollar to finish at a fresh 16-month high of 65.69 today as exporters aggressively offloaded the US currency ahead of the Fed meet outcome.

Massive capital inflows on hopes of more reform measures following BJP's strong showing in the recently held state elections spurred the rupee's...
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Asian currencies cautious ahead of Federal Reserve data

Asian currencies were largely flat on Wednesday as investors nervously awaited an expected US interest rate hike later in the day and hoped for more clues on the pace of future tightening.

Beside the expected announcement of a quarter-point rate rise (1800 GMT), the Federal Reserve will also reveal a fresh "dot plot" that could signal...
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**WINNER FOR Pound Weekly Magic Contest-(Bi-Week-17)-27th-Feb-2017 :-

1. ASHOK - $33.33 (Predicted 6 Correct Candles Out of 6).

2. mushtaq - $16.66(Predicted 5 Correct Candles Out of 6).

3. habalji - $33.33(Predicted 6 Correct Candles Out of 6).

4. Mkg - $16.66(Predicted 4 Correct Candles Out of 6).

Link:- [ Link ]

Winners of Pound Weekly Magic (Bi-Weekly Contest).
**WINNER FOR Yen Weekend Magic Contest:- Weekend-18(4th-March):-

1. habalji - $20

2. anju28- $10

3. fast200 - $10

4. FOREXMAN - $10

5. M14- $10

6. Freebird- $10

7. Mkg- $10

Link:- [ Link ]

Winners of Yen Weekend Magic (Weekend Contest).