29 MARCH16
www.trifidresearch.com
News FLASH Most Asia FX firmer, cautious ahead of U.S. data, Fed comments. Dollar edges up versus yen; awaits data, Fed comments. Yuan, rupiah, won, Philippine peso fall. Rouble bolstered by oil and taxes in thin trade. China industrial firms' January-February profits return to growth. South Korean won pares early losses on dollar-selling; shares flat. China Industrial Profits Rise 4.8%, Ending seven Month Losing Streak. US Dollar May Rise as PCE Data Boosts Fed Rate Hike Bets.
Economic calendar – March 29 TIME 5:00am 5:00am 5:20am 1:30pm 7:30pm 9:00pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Household Spending y/y
-1.8%
-3.1%
JPY
Unemployment Rate
3.2%
3.2%
JPY
Retail Sales y/y
1.6%
-0.2%
EUR
M3 Money Supply y/y
5.0%
5.0%
USD
CB Consumer Confidence
93.9
92.2
USD
Fed Chair Yellen Speaks
-
-
JPY
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.5000
66.4000
66.3000
66.7000
66.8000
66.9000
EURINR
74.2000
74.1000
74.0000
74.4000
74.5000
74.6000
GBPINR
94.2000
94.1000
94.0000
94.5000
94.6000
94.7000
JPYINR
58.6000
58.5000
58.4000
58.8000
58.9000
59.0000
TECHNICAL VIEW
GBPINR GBPINR on its daily charts had sustained on lower sides for the whole session and closed near the next support, so selling pressure may continue below the level of 94.2700.
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