27 NOVEMBER15
News FLASH Euro nears 7-month lows on ECB easing expectations. Sri Lankan rupee at record low; stocks down. Rouble stabilises with oil, shrugs off geopolitical risk. Barring yuan, sentiment improves for Asia FX waiting for gradual Fed tightening. Spanish Economic Growth Slows in Third Quarter as Imports Jump. European Monetary Union M3 Money Supply (3m) registered at 5.1% above expectations (4.9%) in October. Australian Capital Spending Falls Sharply.
Economic calendar – Nov 27 TIME 5:00am 5:00am 5:35am 1:30pm 3:00pm 3:00pm
CURRENCY JPY JPY GBP EUR GBP GBP
DESCRIPTION
FORECAST
PREVIOUS
Household Spending y/y
0.0%
-0.4%
Tokyo Core CPI y/y
-0.1%
-0.2%
GfK Consumer Confidence
2
2
Spanish Flash CPI y/y
-0.5%
-0.7%
Second Estimate GDP q/q
0.5%
0.5%
Prelim Business Investment q/q
1.5%
1.6%
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.8000
66.7000
66.6000
67.1000
67.2000
67.3000
EURINR
70.9000
70.8000
70.7000
71.2000
71.3000
71.4000
GBPINR
100.7000
100.6000
100.5000
101.0000
101.1000
101.2000
JPYINR
54.5000
54.4000
54.3000
54.8000
54.9000
55.0000
TECHNICAL VIEW
GBPINR GBPINR on daily charts again closed on lower note and seems to further fall towards the trend line acting as support as shown in chart above if holds below the level of 100.7500.
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