Daily Market Reflection 21stJune 2016 For our BIG PROFIT calls and LATEST
Market Outlook The Indian rupee lost ground on Monday as the country's wellregarded central bank governor unexpectedly decided to step down, prompting doubts over future efforts to reform policies and tame inflation. Other emerging Asian currencies, by contrast, rose as
Reports, SUBSCRIBE to our premium reports. Click here….. USDINR
sentiment improved on growing hopes that Britain will vote to stay in the European Union. Sterling rallied after opinion polls swung in favour of the campaign for Britain to stay in the European Union.
Reference Rate Currency
Fundamental News India rupee falls on Rajan's surprise decision to step down;
USDINR EURINR GBPINR JPYINR
Asia FX up. Sterling rallies as polls favour Britain remaining in EU, yen slips.
Date Date 17-06-16 20-06-16 67.1682 67.4087 75.4568 76.5358 95.5535 98.1538 64.3900 64.4400
German Producer prices in May 2016: –2.7% on May 2015.
Currencies vs $
Sri Lankan rupee 1-wk forwards weaker on importer dlr
Currency
demand. Rupee Dollar Index Euro Pound Japanese Yen
Currency Future Currency
Date
Date
% Chg
17-06-16
20-06-16
USDINR
67.1725
67.3975
+0.33%
EURINR
75.6975
76.4125
+0.94%
GBPINR
95.9575
98.6300
+2.79%
JPYINR
64.4175
64.4175
+0.00%
Currency
Tentative
EUR
2:00pm
GBP
2:30pm
EUR
3:30pm
GBP
6:30pm
EUR
7:30pm
USD
Event German Constitutional Court Ruling Public Sector Net Borrowing German ZEW Economic Sentiment CBI Industrial Order Expectations
Forecast
Prev Close 67.0850 94.1500 1.1375 1.4609 104.54
% Chg
Prev.Close 1283.62 17.33 48.56 2.0633
% Chg -0.14% +0.17% +0.39% -0.81%
+0.45% -0.53% -0.35% +0.06% -0.07%
Global Commodities
Event Calendar (21st June 2016) Time
Close (5:00pm) 67.3900 93.6500 1.1335 1.4618 104.46
% Change +0.35% +1.42% +2.72% +0.07%
Previous
-
-
9.5B
6.6B
5.1
6.4
-10
-8
ECB President Draghi Speaks
-
-
Fed Chair Yellen Testifies
-
-
Commodity Gold Silver Crude Copper
Close 1281.80 17.36 48.75 2.0465
OUR PREVIOUS CALLS UPDATE Intraday super star Date Currency Entry Exit P/L 20/06 GBPINR 96.1500 96.7000 11000 Trifid special Date Currency Entry Exit P/L 13/06 JPYINR 62.7500 63.0500 12000 For our next calls click here……..
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Overview USDINR
EURINR
USDINR opened higher over Rupee weakness on back of RBI
EURINR opened higher over Rupee depreciation and closed
Governor’s step down and finally the pair settled higher than
around the strong resistance of 76.4000 as seen on daily
previous close.
charts.
Now, strength can be seen if it is able to sustain above 67.6000 while 67.0500 marks as strong support.
On intraday charts, strength can again take place if it sustains above 76.7000 while 75.9000 is intraday support.
R1 67.7000
R1
R2
S1
S2
77.0000
77.2000
76.4000
76.2000
R2 67.9000
S1 67.3000
S2 67.1000
GBPINR
JPYINR
GBPINR opened strong enough over Brexit ease in polls and
JPYINR traded in sideways fashion as per previous close and
finally settled gaining around 2.83%. Volatility is expected in
finally settled on a flat note.
the pair amid movements in pound.
On moving higher, 64.8000 is seen as near resistance
Now, 99.2500 is seen as immediate resistance while any
whereas on lower side, 64.0500 is seen as key support on
closing below 98.2000 can be a corrective sign.
daily charts.
R1 98.8000
R2 99.0000
S1 98.2000
S2 98.0000
R1 64.8000
R2 65.0000
S1 64.3000
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S2 64.1000
Intraday Super Star (Premium Section)
Currency closed near the important resistance mark as seen on daily charts and sustaining above it can further help the counter to gain strength. **** TARGETS ***/**** SL ****. For complete call subscribe to our premium reports.
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Trifid Special (Premium Section)
Currency was able to sustain on higher side after giving breakouts from the major resistance levels and so further northwards movement can be seen. **** TARGET **** SL ****. For complete call subscribe to our premium reports.
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