22 MAY15
www.trifidresearch.com
News FLASH Rupee strengthens to 63.66 on global dollar weakness. China manufacturing output contracts at strongest rate in just over a year. Sterling rises after stronger than expected UK retail sales. Euro higher after PMI data but gains capped. Russia's rouble opens broadly weaker, falls around 0.6% against dollar. U.K. Retail Sales(1.2%) Rise More Than Forecast on Clothing Surge. France: Moderate output growth maintained in May.
Economic calendar - May 22 TIME Tentative Tentative
CURRENCY JPY JPY
1:30pm
EUR
6:00pm
USD
7:00pm
EUR
10:30pm
USD
DESCRIPTION
FORECAST
PREVIOUS
Monetary Policy Statement
-
-
BOJ Press Conference
-
-
German Ifo Business Climate
108.3
108.6
CPI m/m
0.1%
0.2%
ECB President Draghi Speaks
-
Fed Chair Yellen Speaks
-
-
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
63.5000
63.4000
63.3000
63.8000
63.9000
64.0000
EURINR
70.7000
70.6000
70.5000
71.2000
71.4000
71.6000
GBPINR
99.7000
99.6000
99.5000
100.0000
100.1000
100.2000
JPYINR
52.5000
52.4000
52.3000
52.7000
52.8000
52.9000
TECHNICAL VIEW
GBPINR GBPINR on daily charts had shown positive moves since last two sessions and is expected to continue if it sustains above the level of 99.9400.
DISCLAIMER
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