25 FEBRUARY16
www.trifidresearch.com
News FLASH Sterling skids under $1.40 for first time since 2009, yen gains. Jittery markets drive safe-haven Swiss franc to 6-week high. Ringgit leads Asia FX losses as oil slides; strong GDP supports Singapore dlr. Yuan, ringgit, won, rupiah fall; Singapore dollar edges up. Rouble retreats with oil as production freeze doubts grow. Pound falls to fresh seven-year low on 'Brexit' fears. United Kingdom BBA Mortgage Approvals above expectations (45.2K) in January: Actual (47.509K).
Economic calendar – Feb 25 TIME 2:30pm 3:00pm 3:00pm 3:30pm 7:00pm 7:00pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
M3 Money Supply y/y
4.7%
4.7%
GBP
Second Estimate GDP q/q
0.5%
0.5%
GBP
Prelim Business Investment q/q
0.6%
2.2%
EUR
Final CPI y/y
0.4%
0.4%
USD
Core Durable Goods Orders m/m Unemployment Claims
0.2%
-1.0%
271K
262K
EUR
USD
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
68.5000
68.4000
68.3000
68.7000
68.8000
68.9000
EURINR
75.3000
75.2000
75.1000
75.6000
75.7000
75.8000
GBPINR
95.1000
94.9000
94.7000
95.5000
95.7000
95.9000
JPYINR
61.2000
61.1000
61.0000
61.5000
61.6000
61.7000
TECHNICAL VIEW
EURINR EURINR on its daily charts had closed around the important support and so selling pressure is expected to continue if it holds below the level of 75.2600.
DISCLAIMER
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