By SOURAV MISHRA And SUDEEP JAIN MUMBAI – The Reserve Bank of India could reverse its recent curbs on currency trading once markets stabilize as they run counter to its capital account management strategy, a top official said Friday, indicating that ...See all stories on this topic »
RBI: Forex Trading Curbs Temporary
Source: www.google.com
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Forex: GBP/USD falls further to 1.6410
Dollar is getting stronger across the board with the exception of the Yen on a big sell-off in equities. GBP/USD fell after the opening bell to 1.6415 (intra-day low). From there rebounded sharply and rose back above 1.6500 but failed to hold and regained the downside. After finding resistance at...
USDCAD remains in uptrend from 0.9725
USDCAD remains in uptrend from 0.9725, the fall from 1.0025 is treated as consolidation of uptrend. Support is at the rising trend line on...
EUR/JPY technicals: scope to fall to 130.60
Price has now fallen below the short term moving averages and many model players will now await a negative cross. The breakdown level was 135.80 and that should now prove to be a good short-term resistance level. Next support can be found at a series of former highs around 133.30. The target for...
And the winner is….
Eduardo with 215k. Well done. Being a previous winner you know the drill. If you could email Jamie at jamie@forexlive.com with your details....
AUDUSD edges higher after RBA minutes
AUDUSD has managed to rally back above 79c as the market acknowledges that Australia is one of the few economies to expand last quarter. There is growing speculation that the RBA may even raise rates over the next 12 months on signs of recovery. On the day the rally maybe short lived. The 7930...