16 DECEMBER15
www.trifidresearch.com
News FLASH Rupee scales back 66-mark, up 11 paise vs dollar in early deals. Dollar steadies as halt in oil, equities slide provides traction. Sri Lankan rupee falls to record low on importer dollar demand. Yuan dips; Taiwan dollar, won, baht firm. UK Retail Price Index (YoY) came in at 1.1%, above expectations (0.9%) in November. UK Core CPI(YoY) meets expectations (1.2%) in November. Sweden Repo rate unchanged at –0.35% - still highly prepared to act.
Economic calendar – Dec 16 TIME 1:30pm 2:00pm 3:00pm 3:00pm 3:30pm 7:00pm
CURRENCY EUR EUR GBP GBP EUR USD
DESCRIPTION
FORECAST
PREVIOUS
French Flash Manufacturing PMI
50.6
50.6
German Flash Manufacturing PMI
52.7
52.9
Average Earnings Index 3m/y
2.5%
3.0%
Claimant Count Change
0.9K
3.3K
Final CPI y/y
0.1%
0.1%
Building Permits
1.16M
1.16M
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.0000
66.9000
66.8000
67.2000
67.3000
67.4000
EURINR
73.7000
73.6000
73.5000
74.1000
74.2000
74.3000
GBPINR
101.5000
101.4000
101.3000
101.9000
102.0000
102.1000
JPYINR
55.3000
55.2000
55.1000
55.6000
55.7000
55.8000
TECHNICAL VIEW
EURINR EURINR on its daily charts had closed down forming a reversal candlestick pattern near resistance and so selling pressure can be seen below the level of 73.8000.
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