01 MARCH16
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News FLASH Sri Lankan rupee forwards rise slightly on bank dollar sales. South Korea won at fresh 5-1/2 year low on dollar strength. China's yuan eases on midpoint, intervention continued by c. bank. NZ dollar on the skids on easing expectations, Australia dlr struggles. Euro area annual inflation down to -0.2%. German Import prices in January 2016: –3.8% on January 2015. Japan data: Housing starts +0.2% y/y (-0.3 expected) plus Construction orders.
Economic calendar – March 01 TIME 5:00am 1:45pm 2:25pm 3:00pm 3:30pm 8:30pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Unemployment Rate
3.3%
3.3%
EUR
Spanish Manufacturing PMI
54.3
55.4
EUR
German Unemployment Change
-10K
-20K
GBP
Manufacturing PMI
52.3
52.9
EUR
Unemployment Rate
10.4%
10.4%
USD
ISM Manufacturing PMI
48.5
48.2
JPY
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
68.6000
68.5000
68.4000
68.9000
69.0000
69.1000
EURINR
74.8000
74.7000
74.6000
75.1000
75.2000
75.3000
GBPINR
95.2000
95.1000
95.0000
95.5000
95.6000
95.7000
JPYINR
60.7000
60.6000
60.5000
61.0000
61.1000
61.2000
TECHNICAL VIEW
USDINR USDINR on its intraday charts found strong support of trendline and closed above it, now if it breaks support of 68.7000 then it may drag towards next support level of 68.4500.
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