Euro is expected to trade sideways

Euro

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Source: Angel Broking Pvt Ltd Dollar/INR The Indian Rupee appreciated by 0.1 percent yesterday owing to month end dollar demand from exporters and importers mainly oil refiners amidst lower greenback overseas thereby affecting the rupee value against the dollar. Domestic markets i.e. Sensex and Nifty ended on a negative note…

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Sell Gold @ 26770 Target 26520

Gold

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Source: Sushil Finance Gold Gold fell by 1 percent on Thursday, pressured by earlier strength in equity markets on the back of a rally in oil prices, with bullion investors quick to cash in gains from the Wednesday’s rally to 12-week highs. World stock markets were mixed after Wall Street…

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EUR-INR: Bullish outlook

EUR-INR

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Source: Sharekhan USD-INR: Upside potential The currency pair USD-INR formed an Ending Diagonal pattern to complete a rally, after which it formed a short-term correction. The correction retraced 50% of the rally from where the currency pair started its next leg up. The daily momentum indicator is in a bullish…

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Gold trading range for the day is 26310-27028

Gold

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Source: Kedia Commodity Ltd Gold Gold settled up 1.37% at 26749 holding gain’s tracking Comex Gold which steadied below a 12-week peak but settled up at 1125 s investors remained cautious ahead of the Federal Reserve’s first policy statement of the year, which is expected to give clues on interest…

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