Oil rises to within four-year high as producers resist output increase to offset Iran sanctions

The Equicom

Brent crude futures were at $81.42 per barrel at 0315 GMT, up 22 cents, or 0.3 percent, and close to the intraday peak reached the previous day of $81.48, the highest since November 2014. Oil benchmark Brent rose for a second day on Tuesday, remaining within range of a four-year high reached during the previous […]

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Buy USDINR; target of 72.55 – 72.70 | The Equicom

The Equicom

ICICI Direct expects USD/INR to find supports at lower levels. Utilize downsides in pair to initiate long positions. Spot Currency The Rupee ended sharply lower at 72. 51 as concerns grew on the Trump administration’s plan to impose tariffs on $ 200 billion worth of Chinese imports while disappointment over the government’s measures weighed • […]

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Dollar struggles near 2-month lows, yen sags on receding risk aversion

The Equicom

The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the China-US trade conflict would be less damaging to global growth than initially feared. The dollar index against a basket of six major currencies stood at 93.910 after touching 93.829 […]

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