BTC Flat at $89,300 Despite $1.02B ETF Exodus — Buy the Dip Toward $107K? 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
OCBC Raises Gold Price Forecast to $5,600 as Structural Demand and Uncertainty Persist 
FxWirePro- Major Crypto levels and bias summary 
Morgan Stanley Raises KOSPI Target to 5,200 on Strong Earnings and Reform Momentum 
Dollar has made a key base against INR and broken higher from there suggesting further rise ahead. Over the past months, and overall in the year INR has performed very well against Dollar and has remained a darling among emerging market currencies.
- However, with European Central Bank hinting to ease rates further and boost its asset purchase program probably in December, focus has shifted to European equities, which look by far attractive and may lead to outflow from India to Europe.
- Moreover US Federal Reserve hinted that December hike possibility is still on the table, referring directly as next meeting. Which makes emerging market currencies little out of favor, which includes Rupee too.
- Many analysts and economists have pointed out that though India may be heading in right direction, pace of reforms have been too slow.
Technically speaking, USD/INR has made a key base around 64.6 area and has risen finally from there. Further upside seems likely.
Trade idea -
- Buy USD/INR with initial target around 66 and stop loss around 64.94. USD/INR is currently trading at 65.3. Key resistance is at 65.5.
