Yes. The minimum size of the USDINR futures contract is USD 1,000. Similarly EURINR future contract is EURO 1000, GBPINR future contract is GBP 1000 and JPYINR future contract is YEN 1,00,000. These are well within the reach of most small traders. All transactions on the Exchange are anonymous and are executed on a price time priority ensuring that the best price is available to all categories of market participants irrespective of their size. As the profits or losses in the futures market are also paid / collected on a daily basis, the scope of accumulation of losses for participants gets limited.
Can currency futures help small traders?
How are currency prices determined?
Currency prices are affected by a variety of economic and political conditions, but probably the most important are interest rates, international trade, inflation, and political stability. Sometimes governments actually participate in the foreign exchange market to influence the value of their currencies. They do this either by flooding the market with their domestic currency in an attempt to lower the price or, conversely, buying in order to raise the price. This is known as central bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the FOREX market make it impossible for any one entity to drive the market for any length of time.
What are base and quote/term currencies?
The base currency is the first currency in a currency pair. The quote or term currency is the second currency in a currency pair. For example, in the EURUSD currency pair, EUR is the base currency and USD is the quote currency.
RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 27.Aug.2014
RBI REFERENCE RATE
As on 27.Aug.2014 at 12.00Pm Hrs(IST)
USDINR : 60.4678
EURINR : 79.6545
GBPINR : 100.1468
JPYINR : 58.1700
SUCCESS IN CURRENCY CORPORATE PACK TODAY: 21.Aug.2014
* GBPINR ACHIEVED OUR FIRST TARGET (12 Paise)
* JPYINR ACHEVED OUR FIRST TARGET (12 Paise)
* EURINR ACHIEVED OUR FIRST TARGET (12 Paise)
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Indian rupee hits 3-week high on debt-related dollar inflows
* Rupee ends at 60.61/62 per dlr vs 60.6750/6850 prev close
* Heavy buying seen in debt mkt; traders suspect FIIs
* Rupeedesk expect INR to remain in 60.50-61.80 range in near-term
The Indian rupee rose to a near three-week high against the dollar on Wednesday on the back of strong foreign investor buying in the debt market, although greenback demand from importers and a fall in shares limited further gains.
Analyst said a large foreign bank was spotted selling dollars, amounting to around $250 million, for investment intended into government bond markets.
The focus will shift to global factors, including the release of the minutes of the U.S. Federal Reserve policy meeting in July later in the day and the annual gathering of policymakers and central bankers in Jackson Hole, Wyoming, later this week.
"Inflows into the debt market are continuing and that should keep the rupee bias positive. Overall, the sentiment on India remains optimistic," said Subramanian Sharma, director at Greenback Forex.
"We will not see the rupee gain much above 60 levels as there will be buying seen at every opportunity whereas exporters will come in to sell around 62. I expect the unit to hold between 60.50 and 61.80 in the medium term," he said.
The partially convertible rupee closed at 60.61/62 per dollar compared with 60.6750/6850 in the previous session.
The unit hit 60.52 during trade, its highest since July 31, although it ceded ground later in part on dollar demand from importers.
The gains in the rupee came on a day when government bonds rallied amid speculation that foreign portfolio investors were active buyers, especially in 5-8 year debt.
Meanwhile, shares edged lower after hitting a third consecutive record high earlier.
Foreign funds added 41.22 billion rupees ($677.4 million) in exposure to Indian equity derivatives on Tuesday, exchange data showed.
In the offshore non-deliverable forwards, the one-month contract was at 61, while the three-month contract was at 61.62.
FACTORS TO WATCH * Dollar breaks out to 11-mnt highs, eyes on Fed * Won, peso lead Asia FX fall on good U.S. house data * Asia stx steady on robust U.S. data, dlr gains more * Foreign institutional investor flows * For data on currency futures
Indian rupee hits 3-week high on debt-related dollar inflows
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Nse Usdinr Tips : 14.Aug.2014
SUCCESS IN CURRENCY CORPORATE PACK TODAY: 14.Aug.2014
* GBPINR ACHIEVED OUR TRIPLE TARGETS (30 Paise)
* USDINR ACHIEVED OUR DOUBLE TARGETS (20 Paise)
* JPYINR ACHIEVED OUR FIRST TARGET (10 Paise)
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( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
Buy USDINR (AUG) SA 61.23 SL 61.12 Target 61.33 / 61.41 / 61.49
Sell USDINR (AUG) SB 61.07 SL 61.18 Target 60.97 / 60.89 / 60.81
USDINR (AUG) : INTRADAY TREND : DOWN SL : 61.29
Buy EURINR (AUG) SA 81.74 SL 81.63 Target 81.84 / 81.92 / 82.00
Sell EURINR (AUG) SB 81.58 SL 81.69 Target 81.48 / 81.40 / 81.32
EURINR (AUG) : INTRADAY TREND : DOWN SL : 81.90
Buy GBPINR (AUG) SA 102.04 SL 101.93 Target 102.14 / 102.22 / 102.30
Sell GBPINR (AUG) SB 101.88 SL 101.99 Target 101.78 / 101.70 / 101.62
GBPINR (AUG) : INTRADAY TREND : DOWN SL : 102.32
Buy JPYINR (AUG) SA 59.77 SL 59.66 Target 59.87 / 59.95 / 60.03
Sell JPYINR (AUG) SB 59.61 SL 59.72 Target 59.51 / 59.43 / 59.35
JPYINR (AUG) : INTRADAY TREND : DOWN SL : 59.78
Best Currency Calls, 1st Session: 13.Aug.2014
Best Currency Calls, 1st Session: 13.Aug.2014
FREE CURRENCY FOREX TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
Buy USDINR (AUG) SA 61.50 SL 61.39 Target 61.60 / 61.68 / 61.76
Sell USDINR (AUG) SB 61.34 SL 61.45 Target 61.24 / 61.16 / 61.08
USDINR (AUG) : INTRADAY TREND : UP SL : 61.07
Buy EURINR (AUG) SA 82.18 SL 82.07 Target 82.28 / 82.36 / 82.44
Sell EURINR (AUG) SB 82.02 SL 82.13 Target 81.92 / 81.84 / 81.76
EURINR (AUG) : INTRADAY TREND : UP SL : 81.68
Buy GBPINR (AUG) SA 103.27 SL 103.16 Target 103.37 / 103.45 / 103.53
Sell GBPINR (AUG) SB 103.11 SL 103.22 Target 103.01 / 102.93 / 102.85
GBPINR (AUG) : INTRADAY TREND : UP SL : 102.74
Buy JPYINR (AUG) SA 60.12 SL 60.01 Target 60.22 / 60.30 / 60.38
Sell JPYINR (AUG) SB 59.96 SL 60.07 Target 59.86 / 59.78 / 59.70
JPYINR (AUG) : INTRADAY TREND : UP SL : 59.86
SUCCESS IN CURRENCY CORPORATE PACK TODAY: 12.Aug.2014
* EURINR ACHIEVED OUR DOUBLE TARGETS (20 Paise)
* GBPINR ACHIEVED OUR FIRST TARGET (10 Paise)
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SUCCESS IN CURRENCY SEGMENT AND FREE CURRENCY LEVELS : 12.08.2014
SUCCESS IN CURRENCY CORPORATE PACK TODAY: 11.Aug.2014
* GBPINR ACHIEVED OUR DOUBLE TARGETS (25 Paise)
* EURINR ACHIEVED OUR FIRST TARGET (12 Paise)
* USDINR ACHIEVED OUR FIRST TARGET (10 Paise)
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MCX-SX INDIAN CURRENCY - EXPERTS ADVICE
RUPEEDESK - Indian Currency Intraday Trading Calls
US Dollar-Indian Rupee (USDINR): RUPEEDESK - IntradayUSDINR Currency Tips & USDINR Positional Currency Tips
Euro-Indian Rupee (EURINR): RUPEEDESK - Intraday EURINR Currency Tips & EURINR Positional Currency Tips
Pound Sterling-Indian Rupee (GBPINR): RUPEEDESK-IntradayGBPINR Currency Tips & GBPINR Positional Currency Tips
Japanese Yen-Indian Rupee (JPYINR): RUPEEDESK - IntradayJPYINR Currency Tips & JPYINR Positional Currency Tips
Intraday currency trading Levels for 11.08.2014
USDINR ( 27-Aug-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 61.19 / 60.98 / 62.40 . And the upperside, it has Strong Resistance @ 61.59 upperside, it may test Resistance Levels such as 61.80 / 62.19 / 62.40 . Currently USDINR is Trading @ 61.40
EURINR ( 27-Aug-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 81.96 / 81.76 / 83.21 . And the upperside, it has Strong Resistance @ 82.38 upperside, it may test Resistance Levels such as 82.59 / 83.00 / 83.21 . Currently EURINR is Trading @ 82.17
GBPINR ( 27-Aug-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 102.83 / 102.51 / 104.76 . And the upperside, it has Strong Resistance @ 103.47 upperside, it may test Resistance Levels such as 103.80 / 104.44 / 104.76 . Currently GBPINR is Trading @ 103.15
JPYINR ( 27-Aug-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 59.97 / 59.72 / 61.41 . And the upperside, it has Strong Resistance @ 60.44 upperside, it may test Resistance Levels such as 60.69 / 61.16 / 61.41 . Currently JPYINR is Trading @ 60.22
SUCCESS IN CURRENCY CORPORATE PACK TODAY: 8.Aug.2014
* GBPINR ACHIEVED OUR ALL TRIPLE TARGETS (36 Paise)
* JPYINR ACHIEVED OUR TRIPLE TARGETS (32 Paise)
* EURINR ACHIEVED OUR TRIPLE TARGETS (30 Paise)
* USDINR ACHIEVED OUR DOUBLE TARGETS (20 Paise)
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Oscillators - Relative Strength Index (RSI)
Relative Strength Index (RSI) was developed by J. Welles Wilder in 1978. Nowadays, it is considered to be the most popular oscillator.
Relative Strength Index (RSI) formula:
RSI = 100 - (100 / (1 + U / D))
Where:
· U - average value of the positive price changes over a period;
· D - average value of the negative price changes over a period.
The most frequently used time periods are 8 and 14.
RSI indicator is considered overbought if it is above the 70 level, and oversold if it is below the 30 level.
Relative Strength Index (RSI) signals:
· If the indicator is below the 50 line, then the market is considered to be bearish;
· If above the 50 level - bullish;
· If the indicator is around the 50 line it signals that the market is flat;
· Bullish divergence / bearish convergence – the main signal of the trend weakness;
· Under flat conditions exit from the overbought (oversold) territory is a signal to sell (buy);
· Different types of the trend analysis can be used to analyze Relative Strength Index (RSI): trend lines,support / resistance levels, chart reversal and continuation patterns.
The figure below, for example, shows that the trend line on RSI being broken several bars before the analogical line on the price chart:
SUCCESS IN CURRENCY CORPORATE PACK TODAY: 5.Aug.2014
SUCCESS IN CURRENCY CORPORATE PACK TODAY: 5.Aug.2014
* GBPINR ACHIEVED OUR DOUBLE TARGETS (20 Paise)
* JPYINR ACHIEVED OUR FIRST TARGET (12 Paise)
* EURINR ACHIEVED OUR FIRST TARGET (12 Paise)
* USDINR BOOKED PROFIT (7 Paise)
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FREE CURRENCY FOREX TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
Buy USDINR (AUG) SA 61.31 SL 61.20 Target 61.41 / 61.49 / 61.57
Sell USDINR (AUG) SB 61.15 SL 61.26 Target 61.05 / 60.97 / 60.89
USDINR (AUG) : INTRADAY TREND : DOWN SL : 61.40
Buy EURINR (AUG) SA 82.24 SL 82.13 Target 82.34 / 82.42 / 82.50
Sell EURINR (AUG) SB 82.08 SL 82.19 Target 81.98 / 81.90 / 81.82
EURINR (AUG) : INTRADAY TREND : DOWN SL : 82.40
Buy GBPINR (AUG) SA 103.28 SL 103.17 Target 103.38 / 103.46 / 103.54
Sell GBPINR (AUG) SB 103.12 SL 103.23 Target 103.02 / 102.94 / 102.86
GBPINR (AUG) : INTRADAY TREND : DOWN SL : 103.30
Buy JPYINR (AUG) SA 59.77 SL 59.66 Target 59.87 / 59.95 / 60.03
Sell JPYINR (AUG) SB 59.61 SL 59.72 Target 59.51 / 59.43 / 59.35
JPYINR (AUG) : INTRADAY TREND : DOWN SL : 59.82
PERFECT SUCCESS IN CURRENCY CORPORATE PACK TODAY: 4.AUG.2014
* USDINR ACHIEVED OUR FIRST TARGET (10 Paise)
* GBPINR ACHIEVED OUR SECOND TARGET (20 Paise)
* EURINR ACHIEVED OUR FIRST TARGET (12 Paise)
* JPYINR ACHIEVED OUR FIRST TARGET (12 Paise)
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Free NSE/MCX-SX INDIAN CURRENCY TIPS FOR INTRADAY TRADING, 10th session: 4.Aug.2014
FREE CURRENCY FOREX TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
Buy USDINR (AUG) SA 61.38 SL 61.27 Target 61.48 / 61.56 / 61.64
Sell USDINR (AUG) SB 61.22 SL 61.33 Target 61.12 / 61.04 / 60.96
USDINR (AUG) : INTRADAY TREND : DOWN SL : 61.37
Buy EURINR (AUG) SA 82.33 SL 82.22 Target 82.43 / 82.51 / 82.59
Sell EURINR (AUG) SB 82.17 SL 82.28 Target 82.07 / 81.99 / 81.91
EURINR (AUG) : INTRADAY TREND : DOWN SL : 82.45
Buy GBPINR (AUG) SA 103.23 SL 103.12 Target 103.33 / 103.41 / 103.49
Sell GBPINR (AUG) SB 103.07 SL 103.18 Target 102.97 / 102.89 / 102.81
GBPINR (AUG) : INTRADAY TREND : DOWN SL : 103.24
Buy JPYINR (AUG) SA 59.82 SL 59.71 Target 59.92 / 60.00 / 60.08
Sell JPYINR (AUG) SB 59.66 SL 59.77 Target 59.56 / 59.48 / 59.40
JPYINR (AUG) : INTRADAY TREND : DOWN SL : 59.90
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