Daily Market Reflection 28thJune 2016 For our BIG PROFIT calls and LATEST
Market Outlook
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The rupee shook off some of its earlier weakness and recovered 12 paise
Reports. Click here……
to 67.84 against the dollar today on increased selling of the US currency by banks and exporters. Most emerging Asian currencies extended
USDINR
losses on Monday on speculation that regional central banks may end up cutting interest rates to offset potential damage to exports arising from Britain's decision to leave the European Union. Regional currencies, however, pared some of their earlier losses as caution grew over possible intervention by monetary authorities to
Reference Rate
support them. Fundamental News Sterling and euro struggle as Brexit shock lingers.
Currency
Asia FX weakens in Brexit wake; rate cuts expected if exports suffer.
South Korean won pares loss, stocks change course as Brexit
USDINR EURINR GBPINR JPYINR
Date Date 23-06-16 24-06-16 68.0144 67.9000 75.1015 74.8801 92.9553 90.9113 66.4500 66.6900
impact eases.
Currencies vs $
China's yuan weakens to 5-1/2 year low as PBoC tolerates
Currency
depreciation. Rupee Dollar Index Euro Pound Japanese Yen
Currency Future Currency
Date
Date
% Chg
22-06-16
23-06-16
USDINR
67.5200
67.2825
-0.35%
EURINR
76.3000
76.6275
+0.43%
GBPINR
99.1500
100.1100
+0.97%
JPYINR
64.5225
63.6300
-1.38%
Currency
11:30pm
EUR
1:30pm
EUR
3:30pm
GBP
Day 1
Event German Import Prices m/m ECB President Draghi Speaks
Forecast
Prev Close 67.9688 95.9100 1.1033 1.3405 101.89
% Chg
Prev.Close 1323.94 17.63 47.39 2.1018
% Chg +0.41% +0.62% -0.31% +0.45%
-0.00% +0.46% -0.24% -1.62% -0.22%
Global Commodities
Event Calendar (28th June 2016) Time
Close (5:00pm) 67.9662 96.3600 1.1006 1.3187 101.66
% Change -0.16% -0.29% -2.19% +0.36%
Previous
0.6%
-0.1%
-
-
CBI Realized Sales
9
7
EUR
EU Economic Summit
-
-
6:00pm
USD
Final GDP q/q
1.0%
0.8%
7:30pm
USD
CB Consumer Confidence
93.2
92.6
Commodity Gold Silver Crude Copper
Close 1329.50 17.74 47.24 2.1113
OUR PREMIUM CALLS UPDATE Intraday super star Date Currency Entry Exit P/L 21/06 JPYINR 64.6800 64.4800 -3600 Trifid special Date Currency Entry Exit P/L 21/06 JPYINR 64.5600 64.8500 11600 For our next calls click here……..
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Overview USDINR
EURINR
USDINR opened higher than previous close but gradually dragged down during the session and finally closed on a flat
EURINR opened gap down and and closed lower for the last two consecutive sessions and finally closed in red losing
note but with negative bias.
approx 0.54%.
If it is able to sustain above 68.0000 then it can further lead
Now, 74.3500 is seen as key support whereas 75.4000 may
higher otherwise 67.7000-67.4000 is seen as support range.
act as strong resistance from current levels.
R1 68.1000
R1
R2
S1
S2
75.1000
75.3000
74.7000
74.5000
R2 68.3000
S1 67.8000
S2 67.6000
GBPINR
JPYINR
GBPINR broke all its important support zones in last two
JPYINR was able to sustain higher after it breached the
sessions and surpassed 52 week lows and intraday loss was
important resistance levels on daily charts.
3.58%.
Now, if it is able to hold above 67.5000 then it may inch
On daily charts, next immediate support is seen near 89.3000
towards the psychological level of 68.000 while 66.3000-
support while proper strength can be seen above 91.6000.
66.0000 may act as near support range.
R1 90.2000
R1 67.0000
R2 90.4000
S1 89.7000
S2 89.4000
R2 67.2000
S1 66.6000
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S2 66.4000
Intraday Super Star (Premium Section)
Currency was able to sustain above after the huge breakout of the counter and so it may again maintain the bulls above the mentioned level. **** TARGETS ****/**** SL ****. For complete call subscribe to our premium reports.
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Currency subdued in the last session after breaking the important range of resistance in the previous session and so sell offs can be seen in the coming sessions. **** TARGETS **** SL ****. For complete call subscribe to our premium reports.
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