15 MARCH16
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News FLASH Dollar steadies before BOJ, Fed meetings. Won and Philippine peso hit multi-month highs. Taiwan dollar, won, Philippine peso, rupiah rise. Russian rouble edges lower with oil. South Korean won closes at over 2-month high; stocks flat. Industrial production up by 2.1% in euro area. Yen May Rise as Aussie Dollar Weakens on FOMC Pre-Positioning. Bank of Japan scrambles to find positives in negative rates. NZD/USD extends losses in tandem with oil, nears 0.6700.
Economic calendar – March 15 TIME Tentative Tentative 6:00pm 6:00pm 6:00pm 6:00pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Monetary Policy Statement
-
-
JPY
BOJ Press Conference
-
-
USD
Core Retail Sales m/m
-0.2%
0.1%
USD
PPI m/m
-0.2%
0.1%
USD
Retail Sales m/m
-0.1%
0.2%
USD
Core PPI m/m
0.1%
0.4%
JPY
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.2000
67.1000
67.0000
67.4000
67.5000
67.6000
EURINR
74.6000
74.5000
74.4000
74.9000
75.0000
75.1000
GBPINR
96.5000
96.4000
96.3000
96.7000
96.8000
96.9000
JPYINR
59.1000
59.0000
58.9000
59.3000
59.4000
59.5000
TECHNICAL VIEW
GBPINR GBPINR on its intraday charts consolidates on higher level, expected to give positive breakout above 96.7250 and may find next resistance around 97.0000.
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