Exotics
Five Best Trade Ideas for the Next Two Weeks
The last week of the year volume tends to be light due to the fact that big money traders are busy enjoying the holidays and waiting for their yearend bonuses. I was not planning on doing much this week because of the low volume but after reviewing some charts and risk levels on my top [...]
Gold and Silver on the Verge of a Big Move
The past few months have been tough for those holding precious metals stocks, PM futures contracts or physical bullion. With silver is trading down 41%, precious metals stocks down 30% and gold 15%. It has people scratching their head. The question everyone keeps asking is when can I buy gold and silver? Unfortunately that is [...]
Indian rupee rises on local shares, dollar inflows
…77.061 points versus 77.739 points on Tuesday. * The single currency rose to a three-week high versus the dollar on Wednesday due to speculators’ buying. * The local benchmark share index was up more than 1.4 percent. * Traders, however, believe underlying…
Rand Gains as Backing for European Rescue Fund Looks Likely
…to the politicians and what they conjure up,” David Gracey, head of currency and derivatives trading at Investec Bank Ltd. said by phone. “We are going to see volatility until we get some resolution as far as the European vote is concerned. Until we get some…
Rupee declines 7 paise against dollar in early trade
…Indian rupee depreciated by 7 paise to Rs 49.42 per dollar in early trade on Wednesday, weighed down by dollar gains overseas. At the Interbank Foreign Exchange, the domestic unit ended flat at Rs 49.32/33 per dollar in the previous session. Forex dealers…
Rand strengthens against dollar
…said Ion de Vleeschauwer, chief dealer at Bidvest Bank, seeing the rand hitting the mid-R7.80’s. Importers are likely to arrive in earnest at those levels to buy dollars, which will limit rand gains. With no resolution yet to the eurozone debt crisis, volatility…
Rupee holds steady at Rs 49.32/33 vs dollar
…demand and supply transactions in view of uncertainty in the currency market. The rupee resumed higher at Rs 49.28/29 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 49.32/33 per dollar, and hovered in a range between Rs…
INDIA DAYBOOK: Rupee Forecasts, HDFC, Infosys, Max, Dhanlaxmi
…70 Lodi Estate, New Delhi. * 4:15 p.m. Jaipur.
Rupee opens at 49.30 per dollar
…of investors on M3 Post your opinion here The Indian rupee opened at 49.30 per dollar versus 49.31 yesterday. Manis Thanawala, Greenback Forex said that, “The rupee expected to be sideways with a negative bias on the dollar’s strength overseas….
Rupee seen dropping on oil demand; euro
… The euro was trading at $1.3623, compared with $1.3611 when the rupee closed on Tuesday. The index of the dollar against six major currencies was at 77.718 points versus 77.739 points on Tuesday.
Argentina Sells 951 Million Pesos of Peso Bonds at Auction
…central bank sold 951 million pesos ($226 million) of fixed- and floating-rate notes in its weekly auction, the least since Sept. 20. The bank’s sale included about 419 million pesos of 112-day fixed-rate bonds at a yield of 13.8701 percent, and 100 million pesos…
Fitch Revises Banco Industrial’s Outlook to Stable; Affirms IDR at ‘BB’
…revises the Outlook on Industrial as follows: –Long-term IDR at ‘BB’; Outlook revised to Stable from Positive; –Local-currency long-term IDR at ‘BB’; Outlook revised to Stable from Positive; –National scale long-term rating at ‘AA-(gtm)’; Outlook…
India to clear Iran dues via rupee A/c, banks
…Indian finance ministry officials and a delegation from the Central Bank of Iran. To begin with, the Iranian central bank will be allowed to open rupee accounts with the IDBI Bank and UCO Bank. BMJI has submitted forms for opening the accounts, the official…
Colombia Peso Declines for First Day in Five on European Concern
…peso bonds fell, pushing yields higher for the first day in six, amid concern European officials may fail to halt the region’s sovereign-debt crisis before it spreads to banks. The yield on Colombia’s benchmark 10 percent bonds due in July 2024 rose three…
Stock market slips; rupee firm
…sold shares worth a net $2.18 million on Monday. In the currency market, the rupee firmed to 87.36/41 to the dollar compared with Monday’s close of 87.45/50 on increased remittances from Pakistanis living abroad. According to official data, remittances rose…
Rupee posts biggest single session fall in nearly 3 weeks
…are the biggest buyers of dollars in the local market. “Rupee’s move on Wednesday will depend upon overnight developments in the euro zone and U.S. markets,” Raina added. The local currency had gained in opening trades, supported by a rise in the euro…
S.Africa’s rand slides vs dollar, bonds fall
…fund before turning firmer after outgoing European Central Bank President Jean-Claude Trichet said the common currency was a “credible and stable currency.” “In relatively thin market conditions, the rand move was probably exaggerated above 8.00. From those…
Rupee falls by 35 paise against US dollar
…equity markets. Snapping its three-session gaining string, the rupee settled at 49.32/33 a dollar, down by 35 paise over the last close. At the Interbank Foreign Exchange (Forex) market, the domestic unit opened higher at 48.90/91 a dollar from its last…
Fitch Affirms Banco de Costa Rica’s IDR at ‘BB+’
…guarantee and full collaboration of the State, which allows the bank’s IDRs to be aligned with Costa Rica’s sovereign ratings (long-term foreign and local currency IDR ‘BB+’; Stable Outlook, by Fitch). In turn, BCR’s Viability Rating (VR) reflects…
Police Try To ID Bearded Bank Robber
…Beach are asking for the public’s help identifying a bearded bank robber. The robbery occurred about 2 p.m. Saturday at the TD Bank branch on Boynton Beach Boulevard.
