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Forex - Chart USD/INR Update : Pressure returning towards downside
Written by article default Wednesday, 03 November 2010 12:41
Negative start to the new day with prices fallen below 44.305/280 supports and set for deeper extension towards the stronger level at 43.970. Only below latter signal bigger bear-run from 47.090 high back in motion.
Forex - AUD/USD, NZD/USD Flows - India's ONGC eyes 25% Advent for $(AUD)1bln
More Asians, Real money, M+A demand for Aussie? AUD/USD at 0.9975-80, off yest post 1983 Float high of 1.0025 hit post RBA hike, with very good offers at 1.0000-20 for now. Though could see more Asian, China, India demand for AUD for M+A, resources, as well as reserves. Economic Times: A consortium of Indian state-run energy firms, led by ONGC is in talks to buy 25% stake in Australia's Advent Energy for about $1bln - which is about AUD1bln - as AUD is near Parity. On FX, AUD/USD bids at 0.9950, but good offers capping 1.0000, stops below pre RBA hike level of 0.9880. Kiwi at 0.7711-15, off yest's 2-year 4 month highs of 0.7742, offers at 0.7740-50.WL