when our market close markets in west open .
similarly our market is closed on sunday .
but markets in gulf are open on sunday .
in order to determine a GAP-UP , GAP-DOWN movement , on-going trend during holidays etc
should we consider watching foreign country markets ?
if yes , then
which countries should be key focus ?
There are couple of factors for currency trading, but if you want to watch for other currency movement in order to determine our currency moves, then watch us dollar index , how that is panning out against emerging market currencies, this is only one factor , like i told you there are couple of factors like CAD, flows into country, how usa economy is panning out, if there is weakness , then all emerging currency will fall because of less inflow, if there is strenghth, then again all emerging currencies will fall because fed will increase rate, cost of borrowing will go up, then there is also less inflow, in all cases emerging currencies ( ke to watt lagtte hae), thats why dollar bull is always prefer then ruppe bull
connected question :-
US DOLLAR INDEX for dollar . lets say dollar index is bullish on 29th sept . does that mean becomes more expensive to buy & our USDINR will also be bullish ? will this change be reflected on the very next day i.e 30th sept.
but what about JPY , GBP , EURO ?