$INR +5.0% today — what's driving it?
$INR is moving hard: +5.03% on the day, now at 13.16.
Day range: 12.38 – 13.20.
What's driving it? Are you positioned? Drop your read below. 👇
$INR is moving hard: +5.03% on the day, now at 13.16.
Day range: 12.38 – 13.20.
What's driving it? Are you positioned? Drop your read below. 👇
It's barely holding above the 50-day moving average. I wouldn't call a 5% move "moving hard" considering the volatility lately. I'm not touching it until it shows a clearer trend.
It's interesting to see such a strong move in INR today, especially without any immediate obvious news. I'm wondering if this is a delayed reaction to something or purely technical. Not positioned myself, but definitely watching it.
It's interesting to see such a strong move without any immediately obvious news catalyst. I'm wondering if this is purely technical breaking out, or if there's a quieter fundamental shift happening that hasn't hit the headlines yet.