Fx currency trading forecasts

Oil dips on global economy jitters, but OPEC output cuts offer some support. Sensex provisionally ends 470 points lower with 26 components in the red. Dollar firms, Aussie weakens as fresh growth worries prop up safe havens. No talks between Trump and China’s Xi before trade deadline. INR extended losses during afternoon trades Friday on overseas inflows related to Vodafone-Idea deal. There is big dollar selling by Vodafone-Idea. Also exporters continue to sell along with foreign banks.

OPEC sources said, as the kingdom follows through on its pledge to reduce production to prevent a supply glut. Riyadh told OPEC that the kingdom pumped 10. 24 million bpd in January, the sources said. The general perception that the forex market is riddled with scammers is an unfortunate one and perhaps not very accurate.

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