Tuesday, March 30, 2021 TIME 9:17 AM IST
Trading View: GBP/INR April flirts with fifty day moving average.
Gbp/inr April is trading at 100.7100 in NSE. Fifty day moving average is around 100.80. UK pound is firm against the US dollar as bank of England is not expected to cut interest rates below zero this year. Bond yield gap between UK and USA is the narrowest among the G7 nation peers. It is not the actual growth rates which will dictate currency price moves. It is rather expected growth rates of second quarter and further quarters of various nations which will dictate currency price of every nation and not just cable.
Technical trend for GBP/INR near term future.
Rupee has not weakened significantly against the US dollar despite spread of covid. Trend of rupee against the US dollar will play a bigger role in dictating gbp/inr price than trend of gbp/usd.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani. Customer care, whatsapp/telegram 9311139549
Disclosure: Members, employees, directors, clients and all other people associated with “Insignia consultants” do trade in MCX metals and energies. They may or may not have positions on the trading strategies mentioned in this report. They may also have open positions in MCX metals and energies futures in trading strategies other than those mentioned in this report.
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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