Forex Market Movement and Updates
Content
Daily Market Reflection 20th May 2016 Indian Rupee lost its shine against the American currency for the sixth consecutive session and also tested fresh two month low after minutes from recent FOMC which suggested June rate hike. Emerging Asian currencies lost ground on Thursday, with China's yuan falling to levels not seen since early March. UK retail sales for April came in much stronger-than expected and staged a solid rebound from the drop seen previously. It jumped 1.3% in April, while sales excluding fuel picked up even more by 1.5%.
Dollar pauses after surge to 3-week high. Revived US rate hike view hits Asia FX; yuan at 2-1/2 month low. South Korea won falls to near 9-week low; stocks extend losses. UK retail sales rebound sharply in April, beat estimates.
Currency
Date
Date
18-05-16
19-05-16
USDINR
67.1000
67.4550
+0.53%
EURINR
75.7500
75.6450
-0.14%
GBPINR
97.4025
98.6450
+1.28%
JPYINR
61.3825
61.4575
+0.12%
Time
Currency
Event
% Chg
Forecast
Previous
Day 1
ALL
G7 Meetings
-
-
11:30am
EUR
German PPI m/m
0.2%
0.0%
1:30pm
EUR
Current Account
19.6B
19.0B
3:30pm
GBP
-13
-11
6:30pm
USD
-
-
7:30pm
USD
5.40M
5.33M
CBI Industrial Order Expectations FOMC Member Tarullo Speaks Existing Home Sales
Currency USDINR EURINR GBPINR JPYINR
Date Date 18-05-16 19-05-16 66.9131 67.2307 75.4847 75.4530 96.6091 98.0493 61.2500 61.0100
Currency
Close (5:00pm) Rupee 67.3700 Dollar Index 95.1700 Euro 1.1207 Pound 1.4631 Japanese Yen 109.87
Commodity Gold Silver Crude Copper
19/05
Close 1254.28 16.63 47.74 2.0480
EURINR
10/05 GBPINR
-
% Change +0.47% -0.04% +1.49% -0.39%
Prev Close 66.9850 95.1900 1.1221 1.4574 110.01
% Chg
Prev.Close 1257.58 16.80 48.04 2.0528
% Chg -0.26% -1.01% -0.62% -0.23%
-
+0.57% -0.02% -0.12% +0.39% -0.12%
-
96.5700 97.0700 20000
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Overview USDINR
EURINR
USDINR continued the positive momentum for the third consecutive session and gave breakout from the resistance of 100 day EMA which it was facing since several sessions.
EURINR witnessed a range bound session as it did not show any major moves.
Strong closing may lead it towards 67.6000-67.8000 in coming session while near support is seen near 67.3000.
On daily charts, if it is able to sustain above 75.8000 then only up move can be seen in the counter while any closing below 75.5000 can result in its decline.
R1
R2
S1
S2
R1
R2
S1
S2
67.7000
67.9000
67.3000
67.1000
75.8000
76.0000
75.5000
75.3000
GBPINR
JPYINR
GBPINR strongly traded during the intraday session and continued the bulls so seen in the previous session.
JPYINR opened on lower note but intraday gains made it to close in green.
On daily charts, it finally gave breakout of the channel pattern. Now, next major resistance is seen around 99.0000 while 97.8000 will now act as good support.
On daily charts, strong support is seen around the trend line i.e. around 60.9000 while 61.7000 is seen as immediate resistance from current levels.
R1
R2
S1
S2
R1
R2
S1
S2
98.9000
99.1000
98.4000
98.2000
61.6000
61.8000
61.2000
61.0000
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
Intraday Super Star (Premium Section)
gave breakout from the technical pattern so observed on daily chart and now it may further lead towards the higher resistance levels.
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
Trifid Special (Premium Section)
is taking constant support at lower levels and intends to move northwards from such bottom levels. If it is able to sustain above the trend line then it may show a short bull rally in coming sessions.
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
DISCLAIMER
Trifid Research respects and values the Right to Policy of each and every individual. We are esteemed by the relationship and by becoming our clients; you have a promise from our side that we shall remain loyal to all our clients and non-clients whose information resides with us. This Privacy Policy of Trifid Research applies to the current clients as well as former clients. Below are the word by word credentials of our Privacy Policy: 1. Your information, whether public or private, will not be sold, rented, exchanged, transferred or given to any company or individual indivi dual for any reason without your consent. 2. The only use we will be bringing to your information will be for providing the services to you for which you have subscribed to us. 3. Your information given to us represents your identity with us. If any changes are brought in any of the fields of which you have provided us the information, you shall bring it to our notice by either calling us or dropping a mail to us. 4. In addition to the service provided to you, your information (mobile number, E-mail ID etc.) can be brought in use for sending you newsletters, surveys, contest information, or information about any new services of the company which will be for your benefit and while subscribing for our services, you agree that Trifid Research has the right to do so. 5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use. 6. Trifid research does not guarantee or is responsible in any which way, for the trade execution of our recommendations, this is the sole responsibility of the client. 7. Due to the market’s volatile nature, the trader may/ may not get appropriate opportunity to execute the trades at the mentioned prices and Trifid Research hold’s no liability for any
profit/ loss incurred whatsoever in this case. 8. It is the responsibility of the client to view the report timely from our Premium member section on our website: www.trifidresearch.com and the same will also be mailed to this registered email id. 9. Trifid research does not hold any liability or responsibility of delay in mail delivery of reports, as this depends on our mail service provider’s network infrastructure.
10. The clients can call us for any query related to buying/selling the securities, based on our recommendations.
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
Dollar pauses after surge to 3-week high. Revived US rate hike view hits Asia FX; yuan at 2-1/2 month low. South Korea won falls to near 9-week low; stocks extend losses. UK retail sales rebound sharply in April, beat estimates.
Currency
Date
Date
18-05-16
19-05-16
USDINR
67.1000
67.4550
+0.53%
EURINR
75.7500
75.6450
-0.14%
GBPINR
97.4025
98.6450
+1.28%
JPYINR
61.3825
61.4575
+0.12%
Time
Currency
Event
% Chg
Forecast
Previous
Day 1
ALL
G7 Meetings
-
-
11:30am
EUR
German PPI m/m
0.2%
0.0%
1:30pm
EUR
Current Account
19.6B
19.0B
3:30pm
GBP
-13
-11
6:30pm
USD
-
-
7:30pm
USD
5.40M
5.33M
CBI Industrial Order Expectations FOMC Member Tarullo Speaks Existing Home Sales
Currency USDINR EURINR GBPINR JPYINR
Date Date 18-05-16 19-05-16 66.9131 67.2307 75.4847 75.4530 96.6091 98.0493 61.2500 61.0100
Currency
Close (5:00pm) Rupee 67.3700 Dollar Index 95.1700 Euro 1.1207 Pound 1.4631 Japanese Yen 109.87
Commodity Gold Silver Crude Copper
19/05
Close 1254.28 16.63 47.74 2.0480
EURINR
10/05 GBPINR
-
% Change +0.47% -0.04% +1.49% -0.39%
Prev Close 66.9850 95.1900 1.1221 1.4574 110.01
% Chg
Prev.Close 1257.58 16.80 48.04 2.0528
% Chg -0.26% -1.01% -0.62% -0.23%
-
+0.57% -0.02% -0.12% +0.39% -0.12%
-
96.5700 97.0700 20000
For our next calls click here……..
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
Overview USDINR
EURINR
USDINR continued the positive momentum for the third consecutive session and gave breakout from the resistance of 100 day EMA which it was facing since several sessions.
EURINR witnessed a range bound session as it did not show any major moves.
Strong closing may lead it towards 67.6000-67.8000 in coming session while near support is seen near 67.3000.
On daily charts, if it is able to sustain above 75.8000 then only up move can be seen in the counter while any closing below 75.5000 can result in its decline.
R1
R2
S1
S2
R1
R2
S1
S2
67.7000
67.9000
67.3000
67.1000
75.8000
76.0000
75.5000
75.3000
GBPINR
JPYINR
GBPINR strongly traded during the intraday session and continued the bulls so seen in the previous session.
JPYINR opened on lower note but intraday gains made it to close in green.
On daily charts, it finally gave breakout of the channel pattern. Now, next major resistance is seen around 99.0000 while 97.8000 will now act as good support.
On daily charts, strong support is seen around the trend line i.e. around 60.9000 while 61.7000 is seen as immediate resistance from current levels.
R1
R2
S1
S2
R1
R2
S1
S2
98.9000
99.1000
98.4000
98.2000
61.6000
61.8000
61.2000
61.0000
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
Intraday Super Star (Premium Section)
gave breakout from the technical pattern so observed on daily chart and now it may further lead towards the higher resistance levels.
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
Trifid Special (Premium Section)
is taking constant support at lower levels and intends to move northwards from such bottom levels. If it is able to sustain above the trend line then it may show a short bull rally in coming sessions.
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
DISCLAIMER
Trifid Research respects and values the Right to Policy of each and every individual. We are esteemed by the relationship and by becoming our clients; you have a promise from our side that we shall remain loyal to all our clients and non-clients whose information resides with us. This Privacy Policy of Trifid Research applies to the current clients as well as former clients. Below are the word by word credentials of our Privacy Policy: 1. Your information, whether public or private, will not be sold, rented, exchanged, transferred or given to any company or individual indivi dual for any reason without your consent. 2. The only use we will be bringing to your information will be for providing the services to you for which you have subscribed to us. 3. Your information given to us represents your identity with us. If any changes are brought in any of the fields of which you have provided us the information, you shall bring it to our notice by either calling us or dropping a mail to us. 4. In addition to the service provided to you, your information (mobile number, E-mail ID etc.) can be brought in use for sending you newsletters, surveys, contest information, or information about any new services of the company which will be for your benefit and while subscribing for our services, you agree that Trifid Research has the right to do so. 5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use. 6. Trifid research does not guarantee or is responsible in any which way, for the trade execution of our recommendations, this is the sole responsibility of the client. 7. Due to the market’s volatile nature, the trader may/ may not get appropriate opportunity to execute the trades at the mentioned prices and Trifid Research hold’s no liability for any
profit/ loss incurred whatsoever in this case. 8. It is the responsibility of the client to view the report timely from our Premium member section on our website: www.trifidresearch.com and the same will also be mailed to this registered email id. 9. Trifid research does not hold any liability or responsibility of delay in mail delivery of reports, as this depends on our mail service provider’s network infrastructure.
10. The clients can call us for any query related to buying/selling the securities, based on our recommendations.
www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410
