04 APRIL16
www.trifidresearch.com
News FLASH Rupee rises for fifth session against dollar. Dollar sell-off ebbs, but on track for biggest quarterly fall in five years. Fading U.S. rate hike views spur Asia FX gains. Taiwan dollar, won, ringgit, yuan firm. China's yuan set for biggest quarterly gain since Sept 2014. Australia dollar poised for biggest monthly gain in 4 years, NZD follows. Euro area annual inflation up to -0.1%.
Economic calendar – Apr 01 TIME 12:45pm 2:00pm 6:00pm 6:00pm 6:00pm 7:30pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Spanish Manufacturing PMI
53.8
54.1
GBP
Manufacturing PMI
51.4
50.8
USD
Average Hourly Earnings m/m
0.2%
-0.1%
USD
Non-Farm Employment Change
206K
242K
USD
Unemployment Rate
4.9%
4.9%
USD
ISM Manufacturing PMI
50.8
49.5
EUR
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.3000
66.2000
66.1000
66.6000
66.7000
66.8000
EURINR
75.5000
75.4000
75.3000
75.8000
75.9000
76.0000
GBPINR
95.6000
95.5000
95.4000
96.0000
96.1000
96.2000
JPYINR
59.1000
59.0000
58.9000
59.3000
59.4000
59.5000
TECHNICAL VIEW
EURINR EURINR on its daily charts had closed around the resistance levels and so buying momentum may continue if the counter sustains above the level of 75.8000.
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