Import and Export (EXIM) - Currency Hedging Guide
What is hedging in foreign exchange?By using a forex hedge properly, a trader who is long a foreign currency pair can be protected from downside risk, while the trader who is short a foreign currency pair can protect against upside risk.
EURINR Intraday Outlook : 6.4.2017
EURINR Intraday Outlook : 6.4.2017 NIFTY FUT TREND : SELLZONE BANKNIFTY FUT TREND : BUY ZONE
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EURO is trading at 1.0675, trading in a narrow range of 1.0690-1.0632 in yesterday’s session. We haves seen euro remaining under pressure just after the better than expected ADP jobs data was reported. FOMC meeting minutes of 14th march was hawkish as the central bank has raised the interest rates for the first time this year, but there was no impact on euro. Even the upcoming French elections had no impact on the shared currency. German & euro zone’s Service PMI and Markit composites data which was reported yesterday was lower than expectations. Looking ahead, today markets to focus on speeches ECB officials where ECB President Draghi’s is also scheduled speak. Expect EUR/USD pair to continue to trade in the narrow range of 1.0690-1.0645.