26 APRIL16
www.trifidresearch.com
News FLASH Rupee depreciates for third successive day. Yen recovers, data shows outright swing against dollar. Fed, BOJ caution weighs on Asia FX; ringgit slips. Sterling near 6-week highs vs euro as odds move against Brexit. China's yuan opens slightly weaker on broad dollar strength. Poland Unemployment (MoM) down to 10% in February from previous 10.3%. Germany IFO - Business Climate came in at 106.6, below expectations (107) in April.
Economic calendar – Apr 26 TIME 2:00pm 6:00pm 6:00pm 6:30pm 7:15pm 7:30pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
BBA Mortgage Approvals
46.1K
45.9K
USD
Core Durable Goods Orders m/m
0.6%
-1.3%
USD
Durable Goods Orders m/m
1.9%
-3.0%
USD
S&P/CS Composite-20 HPI y/y
5.5%
5.7%
USD
Flash Services PMI
52.3
51.3
USD
CB Consumer Confidence
95.8
96.2
GBP
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.5000
66.4000
66.3000
66.8000
66.9000
67.000
EURINR
74.9000
74.8000
74.7000
75.2000
75.3000
75.4000
GBPINR
96.3000
96.2000
96.1000
96.6000
96.7000
96.8000
JPYINR
59.9000
59.8000
59.7000
60.1000
60.2000
60.3000
TECHNICAL VIEW
EURINR EURINR on daily charts again consolidated in the same support range as of previous session and still appears weak if it holds below the level of74.9200.
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