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Highlights
US Federal Reserve maintained status quo on QE in yesterday’s meet
Indian equities yesterday touched at highest level in last three years.
US ADP Non-Farm Employment Change fell to 130,000 in October.
Spanish Flash GDP gained 0.1 percent in the quarter ended Sept.
Asian markets are trading on a mixed note today on the back of unfavorable economic data from US which prompted the Federal Reserve to continue with its $85 billion bond buying program. Further, optimistic data from Japan restricted sharp downside movement in markets.
US Dollar Index
The Dollar Index gained around 0.2 percent yesterday on the back of rise in risk aversion in market sentiments in later part of the trade which led to rise in demand for the low yielding currency. Further, unfavorable economic data from US prompted US Federal Reserve to continue with its loose monetary policy which capped sharp gains in the currency. The DX touched an intra-day high of 79.97 and closed at 79.84 on Wednesday.
US Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change declined by 15,000 to 130,000 in October as against a rise of 145,000 in September. Core Consumer Price Index (CPI) remained unchanged at 0.1 percent in September. CPI was at 0.2 percent in September from 0.1 percent in August. Federal Budget Balance was at $75.1 billion in October with respect to decline of $147.9 billionin September.
Read More Info Visit here - CURRENCY TECHNICAL REPORT By trifid research
US Federal Reserve maintained status quo on QE in yesterday’s meet
Indian equities yesterday touched at highest level in last three years.
US ADP Non-Farm Employment Change fell to 130,000 in October.
Spanish Flash GDP gained 0.1 percent in the quarter ended Sept.
Asian markets are trading on a mixed note today on the back of unfavorable economic data from US which prompted the Federal Reserve to continue with its $85 billion bond buying program. Further, optimistic data from Japan restricted sharp downside movement in markets.
US Dollar Index
The Dollar Index gained around 0.2 percent yesterday on the back of rise in risk aversion in market sentiments in later part of the trade which led to rise in demand for the low yielding currency. Further, unfavorable economic data from US prompted US Federal Reserve to continue with its loose monetary policy which capped sharp gains in the currency. The DX touched an intra-day high of 79.97 and closed at 79.84 on Wednesday.
US Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change declined by 15,000 to 130,000 in October as against a rise of 145,000 in September. Core Consumer Price Index (CPI) remained unchanged at 0.1 percent in September. CPI was at 0.2 percent in September from 0.1 percent in August. Federal Budget Balance was at $75.1 billion in October with respect to decline of $147.9 billionin September.
Read More Info Visit here - CURRENCY TECHNICAL REPORT By trifid research