Forwarded from Currency Corner by Kotak Securities (Vikas Bajaj)
How many ticks required to recover cost and still save money?
Just one tick.
Table showing net P&L (last column) in USDINR options across different lots, even if one captures just one tick. Intra-day brokerage is considered zero assuming that one uses Trade Free Plan.
Just one tick.
Table showing net P&L (last column) in USDINR options across different lots, even if one captures just one tick. Intra-day brokerage is considered zero assuming that one uses Trade Free Plan.
Incase you do not like to pay brokerage from your hard earned money for intra day trading, then this plan can be for you.
"अगर आप इंट्राडे ट्रेडिंग के लिए अपने कड़ी मेहनत के पैसों से ब्रोकरेज नहीं देना चाहते हैं, तो यह योजना आपके लिए हो सकती है।"
https://www.kotaksecurities.com/pricing/trade-free-plan/
"अगर आप इंट्राडे ट्रेडिंग के लिए अपने कड़ी मेहनत के पैसों से ब्रोकरेज नहीं देना चाहते हैं, तो यह योजना आपके लिए हो सकती है।"
https://www.kotaksecurities.com/pricing/trade-free-plan/
If you are born after 1993, you may not have to pay any brokerage for anything.
Then this plan is for you.
https://www.kotaksecurities.com/pricing/trade-free-youth/
Then this plan is for you.
https://www.kotaksecurities.com/pricing/trade-free-youth/
USDINR spot 83.20/21.. 8 paise away from a NEW ALL TIME HIGH... Will it succeed today to make a new all time high?
Anonymous Poll
70%
YES
30%
NO
Currency Corner by Kotak Securities
For USDINR traders, other currency traders and even commodity and equity traders, keep an eye on this watchlist. Top two are: US bond yields, rising today. Oil prices, rising today. followed by US Dollar Index and the Chinaman
I created this watchlist free in tradingview. You can use other sites or app like investing.com etc
Forwarded from Currency Corner by Kotak Securities (Anindya Banerjee)
This chart has to be seen along with the performance chart.
If Oil continues to rise well beyond $100/barrel, then we could see the Rupee not remain an outperformer and probably move towards median performer as traders shun high oil importers v/s oil exporters.
If Oil continues to rise well beyond $100/barrel, then we could see the Rupee not remain an outperformer and probably move towards median performer as traders shun high oil importers v/s oil exporters.
This week two important central bank meetings are there:
1) US Fed meeting on Wednesday
2) Bank of England meeting on Thursday
1) US Fed meeting on Wednesday
2) Bank of England meeting on Thursday
USDINR on the verge of a new all time high
USDINR official closing at 3:30 pm is the lowest ever at 83.2688 as per Bloomberg. All time low is 83.28 on spot.
USDINR offshore reference is now at 83.33, a new all time high.
But in onshore, we have to wait till Wednesday
But in onshore, we have to wait till Wednesday
USDINR futures closed at the highest point of the day 83.36. Enjoy
USDINR:
From the market's opening, USD/INR was under the firm control of the bulls. The price action indicated that the super boss may have been relatively inactive today. As a result, USD/INR steadily climbed throughout the session, eventually closing at the day's highest point. In the offshore market, the spot reference rate is currently trading at a fresh all-time high of 83.33 levels.
If the offshore market can maintain this momentum until Wednesday morning when trading resumes, we may witness some noteworthy short covering activities from importers, call option sellers, and short speculators.
It's essential to remember that USD/INR is attempting to break free from an 11-month range, which is one of the longest in its 21-year history and the narrowest price range over the same period. Whenever prices break out of such extended ranges, there can be dramatic shifts in volatility. Throughout this year, volatility in USD/INR has remained close to record lows. Therefore, this is not the time to be complacent. Be alert and be decisive.
GBPINR:
Increasing US bond yields and a risk-off sentiment in European markets exerted downward pressure on GBP/USD. However, the rising USD/INR exchange rate provided support to GBP/INR. Consequently, GBP/INR managed to close slightly higher.
EURINR:
European Central Bank Governing Council member Peter Kazimir stated that the interest-rate hike in September could potentially be the last one in this cycle, although he "cannot dismiss the possibility" of additional increases. EUR/USD traded within a range throughout the session, but due to a strong USD/INR, EUR/INR managed to close at a higher level.
JPYINR:
Risk-off sentiment had a greater impact on USD/JPY compared to the increase in US yields, leading to a retreat from the significant resistance level near 148. Additionally, with a robust USD/INR, JPY/INR concluded the day at a higher level.
From the market's opening, USD/INR was under the firm control of the bulls. The price action indicated that the super boss may have been relatively inactive today. As a result, USD/INR steadily climbed throughout the session, eventually closing at the day's highest point. In the offshore market, the spot reference rate is currently trading at a fresh all-time high of 83.33 levels.
If the offshore market can maintain this momentum until Wednesday morning when trading resumes, we may witness some noteworthy short covering activities from importers, call option sellers, and short speculators.
It's essential to remember that USD/INR is attempting to break free from an 11-month range, which is one of the longest in its 21-year history and the narrowest price range over the same period. Whenever prices break out of such extended ranges, there can be dramatic shifts in volatility. Throughout this year, volatility in USD/INR has remained close to record lows. Therefore, this is not the time to be complacent. Be alert and be decisive.
GBPINR:
Increasing US bond yields and a risk-off sentiment in European markets exerted downward pressure on GBP/USD. However, the rising USD/INR exchange rate provided support to GBP/INR. Consequently, GBP/INR managed to close slightly higher.
EURINR:
European Central Bank Governing Council member Peter Kazimir stated that the interest-rate hike in September could potentially be the last one in this cycle, although he "cannot dismiss the possibility" of additional increases. EUR/USD traded within a range throughout the session, but due to a strong USD/INR, EUR/INR managed to close at a higher level.
JPYINR:
Risk-off sentiment had a greater impact on USD/JPY compared to the increase in US yields, leading to a retreat from the significant resistance level near 148. Additionally, with a robust USD/INR, JPY/INR concluded the day at a higher level.