07 APRIL16
www.trifidresearch.com
News FLASH Yen holds strong after Japan PM's currency comments. Ringgit leads Asia FX gains on crude oil's rebound. Dollar nurses deep losses vs yen after Japan PM's currency comments. Russian rouble rises with oil. Sterling inches lower as stocks fall, PMI rises slightly. Eurozone retail PMI points to drop in sales in March. German Production in February 2016: –0.5% seasonally adjusted on the previous month.
Economic calendar – Apr 07 TIME 4:00am 6:00am 1:00pm 5:00pm 6:00pm Tentative
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
FOMC Member Bullard Speaks
-
-
JPY
BOJ Gov Kuroda Speaks
-
-
GBP
Halifax HPI m/m
0.8%
-1.4%
EUR
ECB Monetary Policy Meeting Accounts
-
-
USD
Unemployment Claims
271K
276K
EUR
ECB President Draghi Speaks
-
-
USD
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.7000
66.6000
66.5000
67.0000
67.1000
67.2000
EURINR
75.6000
75.5000
75.4000
76.0000
76.1000
76.2000
GBPINR
93.8000
93.7000
93.6000
94.1000
94.2000
94.3000
JPYINR
60.4000
60.3000
60.2000
60.7000
60.8000
60.9000
TECHNICAL VIEW
USDINR USDINR on its daily charts showed pull back from support levels and also gave breakout from the trend line acting as resistance; hence buying can be seen above the level of 66.9250.
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