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PrometheusCHT
Oct 24, 2016 5:09 AM
Short TL Break
Short
FX_IDC:SGDINR
1W
SINGAPORE DOLLAR / INDIAN RUPEE
ICE
Description
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Oct 24, 2016 5:09 AM
Annual yield on INR is roughly 6%, so, INR is attractive on a trade-weighted basis if one can time it well, especially given a low carry/vol ratio. Evidently, the weekly trendline is being tested providing a reasonable argument for entry.
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