22 MARCH16
www.trifidresearch.com
News FLASH Rupee appreciates for fourth session against dollar. U.K. political turmoil hits pound after surprise resignation. Sterling hit by British political row, yen gains. Russian assets trade lower, taxes help rouble. Asian currencies slip as caution sets in after rally. Yuan edges lower on weaker midpoint despite c.bank economy comments. European Monetary Union Current Account s.a registered at €25.4B, below expectations (€26.3B) in January.
Economic calendar – March 22 TIME 1:30pm 2:30pm 2:30pm 3:00pm 3:30pm 7:15pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
French Flash Manufacturing PMI
50.2
50.2
EUR
German Ifo Business Climate
106.1
105.7
EUR
Flash Manufacturing PMI
51.4
51.2
GBP
CPI y/y
0.4%
0.3%
EUR
German ZEW Economic Sentiment Flash Manufacturing PMI
6.3
1.0
51.6
51.0
EUR
USD
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.4000
66.3000
66.2000
66.7000
66.8000
66.9000
EURINR
75.0000
74.9000
74.8000
75.2000
75.3000
75.4000
GBPINR
95.7000
95.6000
95.5000
96.1000
96.2000
96.3000
JPYINR
59.5000
59.4000
59.3000
59.8000
59.9000
60.0000
TECHNICAL VIEW
GBPINR GBPINR on its daily charts sustained on lower side and lower consolidation on intraday charts also suggests selling pressure below the level of 95.6700.
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