07 DECEMBER15
News FLASH Rupee trades lower against US dollar, hits 2-year low. Rupee, Chinese yuan to ease on Fed's expected turn in policy. Post-ECB position adjustments lift Asia FX; U.S. job caution caps gains. Yuan, won, Taiwan dollar, baht rise. Euro zone: November sees broad-based drop in retail sales. German New orders in manufacturing in October 2015: +1.8% seasonally adjusted on the previous month. Australian retail turnover rose 0.5 per cent in October 2015.
Economic calendar – Dec 07 TIME 10:30pm 12:30pm 7th-8th 3:00pm All Day 8:30pm
CURRENCY JPY EUR GBP EUR EUR USD
DESCRIPTION
FORECAST
PREVIOUS
Leading Indicators
102.9%
101.6%
German Industrial Production m/m
0.8%
-1.1%
Halifax HPI m/m
0.3%
1.1%
Sentix Investor Confidence
17.2
15.1
Eurogroup Meetings
-
-
Labor Market Conditions Index m/m
-
1.6
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.9000
66.8000
66.7000
67.1000
67.2000
67.3000
EURINR
72.7000
72.6000
72.5000
73.0000
73.1000
73.2000
GBPINR
101.0000
100.9000
100.8000
101.3000
101.4000
101.5000
JPYINR
54.4000
54.3000
54.2000
54.7000
54.8000
54.9000
TECHNICAL VIEW
GBPINR GBPINR on daily charts opened gap up above the resistance of 101.4000 but closed below it with reversal candlestick pattern indicating that selling may be seen if it holds below level of 101.0900.
DISCLAIMER
WWW.TRIFIDRESEARCH.COM