10 MARCH16
www.trifidresearch.com
News FLASH Emerging currencies drop against dollar over China worries. Yen firmer, euro dragged down before ECB meeting. Won, ringgit falter on China worries, oil prices. Sterling gains ground against euro as Brexit nerves settle. Russian assets down after reaching multi-month highs. South Korean won falls to one-week low; stocks edge up. Bank of France cuts Q1 GDP forecast to +0.3% vs +0.4% prev. USD/CAD to Extend Losses on Upbeat Bank of Canada (BoC). UK manufacturing production surged by 0.7%.
Economic calendar – March 10 TIME 5:20am 5:31am 12:30pm 6:15pm 7:00pm 7:00pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
PPI y/y
-3.4%
-3.1%
GBP
RICS House Price Balance
52%
49%
EUR
German Trade Balance
19.2B
19.4B
EUR
Minimum Bid Rate
0.05%
0.05%
EUR
ECB Press Conference
-
-
USD
Unemployment Claims
272K
278K
JPY
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.3000
67.2000
67.1000
67.6000
67.7000
67.8000
EURINR
73.8000
73.7000
73.6000
74.1000
74.2000
74.3000
GBPINR
95.9000
95.8000
95.7000
96.2000
96.3000
96.4000
JPYINR
59.9000
59.8000
59.7000
60.2000
60.3000
60.4000
TECHNICAL VIEW
EURINR EURINR on its daily charts had dragged in the intraday session and closed on lower note suggesting selling pressure may continue below the level of 73.9500.
DISCLAIMER
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