Forex market trading tips

Page 1

10 FEBRUARY16

www.trifidresearch.com


News FLASH  Dollar skids to lowest vs yen since Nov 2014.  Russian rouble weaker as investor risk appetite sours.  German exports in 2015: +6.4% compared with 2014.  German Production in December 2015: –1.2% seasonally adjusted on the previous month.  Japanese 10Y Yield Hits Zero For First Time Ever, Yen Strongest Since 2014.  New Zealand QV House Prices (YoY) Jan: 12.6% (prev 14.2%).  Greece Industrial Production climbed from previous 1.8% to 5.8%. in December.

Economic calendar – Feb 10 TIME 5:20am 1:15pm 3:00pm 3:00pm 8:30pm 11:31pm

CURRENCY JPY EUR GBP GBP USD USD

DESCRIPTION

FORECAST

PREVIOUS

PPI y/y

-2.8%

-3.4%

French Industrial Production m/m

0.2%

-0.9%

Manufacturing Production m/m

0.0%

-0.4%

Industrial Production m/m

-0.1%

-0.7%

Fed Chair Yellen Testifies

-

-

10-y Bond Auction

-

2.09|2.8


Pivot table CURRENCIES

S1

S2

S3

R1

R2

R3

USDINR

68.0000

67.9000

67.8000

68.3000

68.4000

68.5000

EURINR

76.1000

76.0000

75.9000

76.5000

76.6000

76.7000

GBPINR

98.2000

98.1000

98.0000

98.5000

98.7000

98.9000

JPYINR

58.8000

58.7000

58.6000

59.2000

59.3000

59.4000

TECHNICAL VIEW

GBPINR GBPINR on daily charts sustained and closed on lower levels and weakness still prevails in the counter which can drag it down if it sustains below the level of 98.2350.


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